Soluna Holdings Unveils Key Updates and Future Initiatives

Soluna Holdings Reveals September Business Updates

Soluna Holdings, Inc. (“SHI”), a prominent developer of green data centers focused on intensive computing applications such as Bitcoin mining and AI, has announced significant advancements in its operations. This update covers the company's project site-level operations, developments, and updates for September.

Corporate and Site Updates

As part of its commitment to transparency, Soluna has shared essential corporate and site updates outlining key metrics for the month. These metrics reflect a robust pipeline of renewable energy initiatives and innovative computing solutions.

Key Company Metrics

The monthly operational metrics are now comprehensively available, showcasing Soluna's progress in harnessing renewable energy for varied applications.

Corporate Highlights

• Term Sheets for Project Rosa – The company has signed an important agreement with a leader in renewable energy, enhancing capacity by 187 MW aimed at supporting AI and Bitcoin mining operations.
• Participation in the AI Community – CEO John Belizaire attended a recent conference focused on AI integration, sharing insights that can be accessed through recorded sessions available online.
• New Blog Insights – Soluna launched a new blog that addresses the pressing energy demands of artificial intelligence and explores innovative solutions to meet these challenges.
• Exploring AI and Renewable Energy – Another new blog entry delves into the convergence of AI technology and renewable energy, highlighting exciting prospects for future projects.

Project Updates from Soluna

Soluna has a variety of active projects aimed at advancing its mission. Here are some of the recent project developments across their portfolio:

Project Dorothy 1A and 1B

• After completing the Four Coincident Peak (4CP) period, the company’s MaestroOS(™) system effectively met all energy demand requirements.
• Improvements in building insulation, heat shielding, and power infrastructure cooling methods have been finalized.
• The summer program participation in ancillary services was completed successfully.

Project Dorothy 2

• Site grading is nearing completion, setting the stage for further construction.
• Groundwork has commenced with civil construction teams pouring pads for forthcoming developments, while the fabrication process for key infrastructure is underway.
• All necessary power infrastructure items have been procured and are in place.

New Projects on the Horizon

Soluna is also initiating several new projects aimed at expanding its service offerings and maximizing resource utilization:

Project Grace

• Engagement with kW Mission Critical has begun to conceptualize design for Helix, further positioning Soluna as a leader in AI cloud hosting.

Project Ada

• Ongoing proof of concept projects with various partners have resulted in collaborative advances.
• A new sales team has been formed to fill initial clusters, meeting demand for additional nodes and GPUs.
• Strong interest has been evidenced by leading aggregators in the Soluna cloud platform, showcasing the innovative appeal of their solutions.

Project Sophie

• Amid cooler temperatures, the project continues its high-level operations alongside an upcoming fleet upgrade and expansion.

Project Kati

• Submissions for meter design were made to enhance overall functionality.
• Negotiations for land leases are actively ongoing to facilitate site development.

Company Mission and Vision

Soluna Holdings, Inc. (NASDAQ: SLNH) is committed to transforming the landscape of renewable energy through innovative computing solutions. Positioned at the intersection of robust digital infrastructure and sustainable power, the company's pioneering data centers harness surplus renewable energy to drive high-performance computing applications, including Bitcoin mining and AI. The MaestroOS(™) software ensures optimal performance while contributing to a greener grid.

Frequently Asked Questions

1. What is the main focus of Soluna Holdings?

Soluna specializes in developing green data centers that utilize renewable energy to support intensive computing applications.

2. What recent projects has Soluna announced?

Recent projects include Project Dorothy and new initiatives aimed at enhancing AI cloud services and Bitcoin hosting.

3. How does Soluna contribute to renewable energy?

Soluna collaborates with renewable energy leaders to maximize energy efficiency and capacity across its projects.

4. Where can I learn more about Soluna's operations?

More information about Soluna's projects and corporate updates can be found on their official website.

5. What are the future plans for Soluna?

Soluna aims to expand its data center capabilities while continuing to innovate in the use of renewable energy for computing purposes.

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