Soluna Holdings Unveils Monthly Update on Innovations and Progress

Soluna Holdings' Monthly Business Update

Soluna Holdings, Inc. (“SHI” or the “Company”), a leading innovator in green data center development focused on intensive computing applications like Bitcoin mining and artificial intelligence, has provided key updates regarding its ongoing projects and corporate strategies.

The Company is dedicated to transforming surplus renewable energy into computing resources and is excited to share its progress.

Key Corporate Developments

Soluna has announced several exciting corporate highlights in its monthly update, showcasing its commitment to pioneering technology and expanding partnerships.

Strategic Partnerships

• Collaboration with San Francisco Compute Company: Soluna has secured its first customer following a strategic partnership with Hewlett Packard Enterprise (HPE) GreenLake. This collaboration aims to deliver custom AI cloud solutions, marking a significant milestone for the Company.
• Partnership with Atlas Cloud: In a noteworthy agreement, Soluna will provide Atlas Cloud with 64 Nvidia H100 GPUs to support their advanced AI video processing workloads, with potential plans for further scaling.
• Convertible Notes Update: The Company has successfully completed the conversion and payoff of its outstanding convertible notes, a move that strengthens its financial position.
• Financing Initiative for AI: Soluna has partnered with Gynger to introduce flexible financing options that cater to AI enterprises, underscoring its commitment to supporting innovation.
• Advisory Board Enhancement: Ernest Popescu, a data center expert, has joined Soluna's Advisory Board, promising to bring valuable insights and expertise to the Company's direction.
• New Podcast Launch: A limited series featuring discussions on the intersection of AI and sustainability has been launched, inviting listeners to explore pressing topics in the tech and energy domains.
• Milestone Achieved: Project Dorothy has celebrated over 100GWh of curtailed energy monetization, equivalent to powering approximately 11,500 H100s for a year, marking a significant step in energy efficiency.
• Informative Video Release: CEO John Belizaire shares insights on the Company's future in Renewable Computing in a new video from the grounds of Project Dorothy.

Project Updates

Soluna has made substantial progress in various key projects aimed at both Bitcoin hosting and AI cloud computing.

Project Dorothy Updates

• Project Dorothy 1A and 1B: New customer deployments totaling 20 MW are nearing completion at Project Dorothy 1A. Despite a recent transformer failure causing temporary disruptions, all issues have been resolved, enabling strong operations moving forward.
• Project Dorothy 2: The planning for interconnection has been finalized, with electrical tie-in scheduled. Phase 1 construction is active, targeting a total of 48 MW for Bitcoin hosting.
• Project Grace: Design for Phase 1 of the microgrid concept is nearing completion, allowing the Company to define timelines effectively.
• Project Ada: Plans are underway for 512 reserved H100 GPUs, enhancing the Company’s offerings in AI cloud technologies.
• Project Sophie: Operations continue robustly, operating at full capacity, illustrating substantial customer demand.
• Project Kati: Preparations are advancing with RFQs for electrical infrastructure, laying the groundwork for the first phase of Bitcoin hosting.

Customer Success Stories

Soluna has successfully expanded partnerships, evidenced by agreements for multiple deployments and expansions with customers like Bit Digital and Bitmine Immersion Technologies. This aligns with the Company's goals to continuously enhance and innovate its service offerings.

About Soluna Holdings

Soluna Holdings, Inc. is pioneering advancements in the renewable energy sector, dedicated to building digital infrastructure that optimizes surplus renewable energy. Their innovative data centers, which are strategically located near renewable energy sources, focus on computing applications including Bitcoin mining and Generative AI. Through its proprietary software MaestroOS™, Soluna is committed to creating cost-effective, sustainable solutions. To stay updated on Soluna's initiatives, visit their website.

Frequently Asked Questions

What recent partnerships has Soluna Holdings established?

Soluna has secured partnerships with companies like Hewlett Packard Enterprise and Atlas Cloud, focusing on custom AI cloud solutions and GPU provisions, respectively.

How is Soluna contributing to sustainable energy?

Soluna transforms surplus renewable energy into computing resources, promoting sustainability while providing services in AI and Bitcoin mining.

What is Project Dorothy?

Project Dorothy encompasses several initiatives aimed at Bitcoin hosting and energy efficiency, with significant milestones in energy monetization achieved.

What technologies is Soluna focusing on now?

The Company is heavily invested in AI technologies, green computing, and enhancing its data center capabilities.

How can I learn more about Soluna’s projects?

Detailed updates and announcements about Soluna’s initiatives can be found on their official website and through their various media channels.

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