Soluna Holdings Secures $20M from Spring Lane Capital for Texas Data Center Expansion

Reuters

07-22

Soluna Holdings Secures $20M from Spring Lane Capital for <a href="https://laohu8.com/S/TCBIL">Texas</a> Data Center Expansion

Soluna Holdings Inc., a developer of green data centers, has secured $20 million in funding from Spring Lane Capital to expand its Project Kati in Texas. The investment will be used for the construction of Project Kati 1, a 35-megawatt facility designed to accommodate approximately 12,000 next-generation Bitcoin mining rigs. Construction is set to begin in Q3 2025, with initial energization and ramp-up expected by Q1 2026. This project is part of Soluna's broader strategy to meet the growing demand for sustainable high-performance computing. Spring Lane Capital has committed additional project-level capital for Soluna's future data center initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Soluna Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250722747358) on July 22, 2025, and is solely responsible for the information contained therein.

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