Solona disappoints $ 20 million from Spring Lane Capital to launch the Kati 1 – Cryptomode project

New construction to start in Q3 2025

Spring Lane to support up to $ 100 million for pipeline

Albani, New York – (Business Wire) –$ Slnh #SlnhSoluna Holdings, Inc. (“” Soluna “or” The Company “), (NASDAQ: SLNH), developer for green data centers for intense computing applications, including bitcoin mining and AI Spring Lin Capital (“SLC”) for the 35 MW (MW) stage of Project Kati, Soluna 2nd Center Center Center. Spring Lane Capital, a private stock company that offers mixed capital for sustainability, entered into a term to lead the financing round with an obligation of at least $ 20 million.

Spring Lane Capital is also an investor in Dorothy 1A and Dorothy 2, and was an important supporter of Solona’s efforts to accelerate the convergence of renewable energy and high -performance computing. In addition, Spring Lane Capital and Soluna signed an agreement to extend up to $ 100 million of additional capital at the project for the growing Soluna pipeline.

“Spring Lane Capital has been a reliable and consistent partner throughout our growth. We are proud to continue this momentum with Project Kati – a partnership on a facility that represents a new and exciting stage of energy novel, with many projects advance forward in parallel. This investment speeds our ability To spread our clean capacity, on the clean, where you need the most Grid Grid. “

“Soluna is still at the forefront of conversion of renewable or hidden energy, otherwise to clean computing solutions, especially for encryption mining applications and artificial intelligence applications, at a time when we need more,” said Rob Day, co -founder and partner at Spring Lane Capital. “We are proud to be an early and continuous supporter of Soluna as they take another step towards sustainable sustainable computing and meet the demand for the green data center.”

• Soluna reveals the initial funding plan for the project Kati 1: Funding will facilitate the construction of the first 35 megawatts from the 83 -megawatts of Kati 1, which expands the Texas Fleet in Soluna to host Bitcoin.
• Financial structure and stock ownershipUnder the non -binding period, Soluna expects to secure at least $ 20 million from SLC, and completely cover the project financing needs, including working capital. Kati 1 continues the superior waterfall structure and enhances management and development fees, allowing Soluna to take advantage of the large current income during the operational and operational stages.
• The timeline of construction: The parties intend to complete the final documents and start the Kati 1 Construction project in Q3 2025, with the aim of achieving initial activation and formation by Q1 2026.
• Power and technology: The new facility is designed to accommodate approximately 12,000 bitcoin mining platforms from the next generation.
• SLC expanded financial support: SLC and Soluna signed an agreement to extend up to $ 100 million in additional capital at the project level for the growing data center pipelines in Soluna for Bitcoin and AI, according to certain previous conditions.
• Fund 2 InvestmentSLC publishes the capital from the second private stock box The fund lines to save up to 4 million dollars in financing the Development Expenditure (Devex) to purchase long equipment from Soluna.
• Project approvalsKati 1 already has all the approvals for Ercot planning. The ERCOT model will be presented at least 90 days before the activation.

“Our pipeline conversion rate is now higher than it was in previous years. With more than one 650 megawatts In our development phase, the continuous Spring Lane support is more than welcoming. We have now expanded beyond an idea – using databases owned to resolve the reduction – to a prosperous digital infrastructure platform, “Follow John Bilzer.

In line with its traditions of honoring the scientists, Solona named the project Katie after Cataline “Katy” Carico, the pioneering Hungarian world that made his pioneering work on the treatments based on us and modern vaccines are possible.

For more information, please visit www.solunacopting.com.

Solona terms of terms can be found here.

A safe port statement

This advertisement contains aspiration data. These statements are made according to the provisions of “Safe Harbour” from the 1995 litigation reform law. These aspecting data can be identified through terms such as “Will”, “expectation”, “expectation”, “the future”, “plans”, “plans” and “believes”, “. “Other examples of aspiration data, to name a few, may include Soluna plans data and its goals, including with SLC funding, including the expected conditions for such funding and the amounts expected to be available, and the development of the Kati project and our expectations regarding the amount of the renewable energy project that Kati will provide. Soluna may also make written or oral data In its periodic reports to the American Securities and Stock Exchange (SEC), in its annual report to the shareholders, in the press release and other written materials, and in the oral data made by its employees, managers or employees to third parties. Outlook and uncertainty, and more information related to what is included in the company’s files with SEC.

About Soluna Holdings, Inc. (Nasdaq: slnh)

Soluna is a mission to make renewable energy global power, using computing as a catalyst. The company designs, develops and operates digital infrastructure that transforms surplus renewable energy into global computing resources. The leading data centers in Soluna are strategically placed with solar or solar or photovoltaic power plants to support high -performance computing applications, including bitcoin mining, obstetric artificial intelligence, and other intensive calculation applications. MASTROS in Soluna (™) helps to stimulate a more green network while providing effective and sustainable computing solutions and superior returns. To find out more, please visit Solunacomputing.com We followed in:

Linkin: https://www.linkedIn.com/company/solunaholdings/
X (Twitter previously): x.com/solunaholdings
YouTube: Youtube.com/c/solunacopting
Newsletter: bit.ly/solunasubscribe
Resources Center: Solunacomputing.com/resources

Soluna regularly publishes important information on its website and encourages potential investors and investors to consult the Soluna Investor sections and investor resources departments regularly.

About Spring Lane Capital

Spring Lane Capital is a private stock company based in Boston, Massachusetts and Montreal. Quality control focuses on providing hybrid project capital for sustainability solutions in the energy, food, water, waste and transport industries. The company’s financial model is seeking to take advantage of some of the fastest growing parts in these markets that traditional capital capital cannot reach because of their scope and current investment models-the so-called “missing medium”. The pioneering pioneering developer U “is a great effort to build the ecosystem for sustainable infrastructure projects. For more information, please visit www.springlanecapital.com.

Communication authorities

Cybele Ramirez

Marketing Director

Soluna Holdings, Inc.

Ir@soluna.io