Soluna Holdings, Inc. (NASDAQ: SLNH), a developer of green data centers for high-demand computing applications such as Bitcoin mining and Artificial Intelligence, has successfully closed a $5 million public offering. The offering involved 9,090,909 shares of common stock, alongside Series A and Series B warrants to purchase additional shares, all priced at $0.55 each. H.C. Wainwright & Co. served as the exclusive placement agent for this transaction. The Series A warrants will expire five years after issuance, while the Series B warrants will expire in two years. Soluna plans to use the net proceeds for working capital, project-level equity, and general corporate purposes, aiming to advance its project pipeline and reinforce its commitment to Renewable Computing. CEO John Belizaire emphasized the company's focus on executing its roadmap and delivering long-term shareholder value.