Soluna Holdings Inc., a developer of green data centers, has secured $20 million in funding from Spring Lane Capital to expand its Project Kati in Texas. The investment will be used for the construction of Project Kati 1, a 35-megawatt facility designed to accommodate approximately 12,000 next-generation Bitcoin mining rigs. Construction is set to begin in Q3 2025, with initial energization and ramp-up expected by Q1 2026. This project is part of Soluna's broader strategy to meet the growing demand for sustainable high-performance computing. Spring Lane Capital has committed additional project-level capital for Soluna's future data center initiatives.
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