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Soluna Cloud Expands Funding for AI Business to $13.75 Million
Soluna Holdings, Inc. (NASDAQ: SLNH) has announced that its subsidiary, Soluna Cloud, has secured an additional $1.25 million in funding, bringing the total credit facility for its AI business to $13.75 million. This enhanced financing aims to accelerate the growth of scalable, sustainable enterprise computing solutions, particularly in the areas of Bitcoin mining and AI.
The company, advised by BitOoda Technologies and Imperial Capital, plans to use this funding to advance its growth initiatives and meet the increasing demand for renewable-energy-powered, high-performance computing solutions. Soluna Cloud's focus on combining AI with renewable energy positions it at the forefront of addressing wasted energy problems while delivering advanced AI solutions.
Soluna Holdings, Inc. (NASDAQ: SLNH) has announced that its subsidiary, Soluna Cloud, has secured an additional $1.25 million in funding, bringing the total credit facility for its AI business to $13.75 million. This enhanced financing aims to accelerate the growth of scalable, sustainable enterprise computing solutions, particularly in the areas of Bitcoin mining and AI.
The company, advised by BitOoda Technologies and Imperial Capital, plans to use this funding to advance its growth initiatives and meet the increasing demand for renewable-energy-powered, high-performance computing solutions. Soluna Cloud's focus on combining AI with renewable energy positions it at the forefront of addressing wasted energy problems while delivering advanced AI solutions.
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