Exits Project Marie to Concentrate Resources
Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that it has exited its Project Marie facility in Kentucky. Project Marie was a 20 MW first-generation project, where designs and economics were tested and refined, ultimately leading to the engineering and economics deployed at Project Sophie in Kentucky, which will continue operation, and Project Dorothy in Texas.
The exit from the Project Marie site concentrates the Company’s focus on the development and energization of Project Dorothy in Texas, where grid connection and energization are imminent.
Michael Toporek, CEO of Soluna Holdings, stated, “We believe our exit from Project Marie allows us to concentrate our capital and personnel on continued operations at Project Sophie and the energization of Project Dorothy, which will maximize profits and return on assets.”
About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
Last Trade: | US$3.69 |
Daily Change: | -0.29 -7.29 |
Daily Volume: | 118,792 |
Market Cap: | US$14.460M |
June 05, 2024 May 22, 2024 May 16, 2024 May 08, 2024 May 06, 2024 |
Else Nutrition is changing the face of early childhood nutrition with clean, sustainable, plant-based products. The company has developed the world’s first whole plant-based infant formula that is targeting the $100+ billion global...
CLICK TO LEARN MOREUGE International develops, owns, and operates commercial and community solar projects in the United States and strategic markets abroad. Our distributed energy solutions deliver cheaper, cleaner energy to businesses and consumers...
CLICK TO LEARN MORECOPYRIGHT ©2022 GREEN STOCK NEWS