Soluna Holdings, Inc.

Soluna Holdings, Inc. develops, owns, and operates digital infrastructure for energy-intensive computing applications by colocating data centers with renewable energy power plants. This model, called Renewable Computing™, addresses increasing curtailment of renewable energy generation and growing demand for power-intensive computing applications such as artificial intelligence (AI), high-performance computing (HPC), and Bitcoin mining. The company converts underutilized energy into economically productive computing capacity by locating data centers near renewable generation assets. Soluna Holdings utilizes two distinct data center designs. For its Bitcoin mining and hosting business, it deploys a modular data center design optimized for flexible, large-scale digital asset operations. For AI and HPC workloads, the company is developing an AI-ready data center design to support higher-density compute environments and customer requirements for advanced computing infrastructure. The company's facilities are managed by MaestroOS™, a proprietary software platform that analyzes factors such as local power pricing, weather conditions, grid demand, and market signals to optimize operating performance and power consumption across its operating assets. Soluna Holdings works with renewable energy developers and power partners to access low-cost or constrained energy resources. Its data centers operate on a behind-the-meter basis, drawing electricity directly from co-located renewable power plants and from the grid through the plant's existing interconnection and substation infrastructure.