Soluna Holdings, Inc (SHI), the parent company of Soluna Computing, Inc (SCI), has secured $35 million in project financing to develop green data centers co-located with renewable energy assets.
Spring Lane Capital, a private equity firm, invested private funds in Soluna as a part of their strategy focused on hybrid project capital for sustainability solutions in the energy, food, water, waste and transportation industries.
The capital will help develop three behind-the-meter (BTM) projects designed to convert wasted renewable energy into clean computing services such as bitcoin mining and artificial intelligence.
