Soluna Holdings Secures $20 Million for Texas Data Center Expansion

According to PANews, Soluna Holdings, a Nasdaq-listed company focused on developing green data centers for intensive computing applications like Bitcoin mining and artificial intelligence, has announced the completion of a new $20 million funding round. Spring Lane Capital participated in this investment. The newly acquired funds will be directed towards the expansion of the Kati Green Data Center project in Texas. This expansion aims to further enhance Soluna's Bitcoin hosting services. The project is scheduled to commence in the third quarter of 2025, with initial electrification and business operations expected to begin in the first quarter of 2026.