$14 Million Prop-mining Partnership Completes Flagship
ALBANY, N.Y.–(BUSINESS WIRE)–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 a $14 million investment partnership with Navitas Global (“Navitas”) for its Project Dorothy 1B data center in Texas.
Navitas Global is a private data center development company that leverages years of experience and deep relationships in the bitcoin mining industry to provide attractive returns for investors. Navitas is a nimble and tactical partner that focuses on sites with structurally low operational costs, competitively-priced equipment, and excellent efficiencies.
The proprietary-mining focused joint venture brings Navitas into Project Dorothy 1B as an investor and equity partner. Navitas will provide investment capital for the final stages of the infrastruc
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