Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. is the leading developer of green data centers that convert excess renewable energy into global computing resources.
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undertakes no duty to update such information, except as required under applicable law. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the Securities and Exchange Commission. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. may also make written or oral forward-looking statements in its periodic reports to the U.S. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Private Securities Litigation Reform Act of 1995. These statements are made under the "safe harbor" provisions of the U.S. This announcement contains forward-looking statements. Ramping up these facilities in a safe, and timely manner continues our push to be cash flow positive from operations during the second half of 2023.” John Belizaire, CEO of Soluna Holdings, commented, “After we announced our agreements to bring Project Sophie and Project Dorothy 1A each to capacity, we were all hands on deck to get machines delivered and installed for our customers. Signed $14 million Prop-Mining Joint Venture with Navitas Global.Ĭonstruction continues on the buildings with the first five scheduled to come online by the middle of June. The revenue potential for this site, operating at 25 MW, is projected to reach $14.2 million on an annualized run-rate basis. The impeccable performance of MaestroOS, Soluna's proprietary platform, ensures seamless management of Project Dorothy's power consumption, optimizing it automatically by monitoring grid telemetry, wind farm production, and data center power consumption. More machines are being shipped from Soluna’s partners to fill the entire capacity by the end of June. More than 7,000 machines from the agreements have been deployed on the site filling 18 MW adding approximately 669 PH/s to the site's hash rate. On Soluna announced it had signed a contract to fill its 25 MW capacity at Project Dorothy 1A with two strategic hosting partners, including Compass Mining. The site holds great revenue potential, estimated at $11.8 million on an annualized run-rate basis. Since then, Soluna has made significant progress deploying more than 7,600 machines for its hosting customer filling 23 MW of capacity, with approximately 812 PH/s installed hash rate. On ApSoluna announced a 25 MW hosting contract with a sustainability focused hosting customer. The following is a summary of the current operations and financial projections. This execution for Soluna’s customers comes within months after announcing the agreements at Project Sophie and Project Dorothy. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today that it has successfully installed more than 14,600 Bitcoin mining machines at its Project Dorothy site in Texas and Project Sophie site in Kentucky. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc.
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