PANews, July 22 news, according to Business Wire, Nasdaq-listed company Soluna Holdings, which develops green data centers for compute-intensive applications like Bitcoin mining and artificial intelligence, announced the completion of a new round of financing amounting to $20 million, with participation from Spring Lane Capital. The new funds will be used to expand the Kati green data center project in Texas, further enhancing its Bitcoin hosting business. The project is scheduled to commence construction in the third quarter of 2025, with initial power-up and business launch expected in the first quarter of 2026.
