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Soluna Holdings raises $32 million, continues to bet on Bitcoin mining and AI computing power
[BlockBeats] US-listed company Soluna Holdings just made a big move—securing a $32 million financing deal.
This company, focused on green data centers, followed Nasdaq rules this time, issuing 18.07 million shares of common stock at $1.77 per share, plus accompanying Series C warrants. How will the funds be used? The company stated the money will mainly go toward three areas: daily operating expenses, project equity investment, and continuing to bet on high-performance computing businesses that require significant computing power, such as Bitcoin mining and generative AI.
In short, Soluna is planning to use capital market funds to double down on both mining and AI tracks.