Soluna Computing Leverages Truist Securities as Pipeline Growth Accelerates

Soluna Holdings, Inc.

Soluna Holdings, Inc.

ALBANY, NY, July 05, 2022 (GLOBE NEWSWIRE) — via NewMediaWire —Soluna Computing, Inc. (“SCI” or the “Company”), a subsidiary of Soluna Holdings, Inc. (SLNH), (NASDAQ:SLNH), and a developer of green data centers for cryptocurrency mining and other intensive computing, has engaged Truist Securities to assist with the company’s growing pipeline of data center project capabilities.

Soluna builds and operates data centers in renewable energy locations that are powered by wasted (limited) renewable energy. Grid inefficiencies and lost revenues from under or limited energy are a major challenge for renewable energy generation worldwide. Up to 30% of the power of certain renewable projects can be capped, and improving negative economic outcomes is key to driving the energy transition to renewables. The company’s flexible, batchable computing data centers provide a modular, scalable solution that can be deployed and online within months.

“We have a strong history of developing, financing and operating data centers in renewable energy sites. We have a robust pipeline with the ability to build data centers much faster than other containment strategies, such as batteries and transmission. Looking at the next round of projects, we engaged Truist Securities to help us evaluate options, analyze project finance and assess how to find the right capital for our business,” said John Belizaire, CEO of Soluna Computing.

About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert surplus renewable energy into global computing resources. Soluna builds modular, scalable data centers for compute-intensive, batchable applications such as cryptocurrency mining, AI, and machine learning. Soluna offers 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 be lost. Soluna’s data centers enable clean electricity owners to ‘sell. Each. megawatts.’

Warning Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this release, and involve certain risks and uncertainties. Forward-looking statements include statements in this document regarding the company’s business and strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements due to a variety of factors, including but not limited to the Company’s ability to establish and retain title to its technology through the patent process, as well as its ability to potentially license from others for patents and patent applications needed to develop products; the availability of funding, including proposed funding; the company’s ability to implement its long-term business plan for various applications of its technology; the Company’s ability to enter into agreements with all necessary partners; the impact of competition, obtaining and maintaining all necessary regulatory approvals applicable to applications of the company’s technology; and management of growth and other risks and uncertainties that may from time to time be detailed in the Company’s reports filed with the Securities and Exchange Commission, including the most recent annual report on Form 10-K.

Contact details
Sam Sovac
VP, Marketing
Soluna computers
[email protected]
+414 699 3667

Brian M. Prenoveau, CFA
MZ Group – MZ North America
[email protected]
+561 489 5315

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