Nasdaq Mining Company Soluna Spends $32 Million: Double Bet on Mining and AI

2025-12-06 11:00:18

Abstract generation in progress

[Nasdaq] Another big move from a mining company.

Soluna Holdings just secured a $32 million financing deal—issuing over 18 million shares of common stock at $1.77 per share, plus accompanying Series C warrants. This company specializes in green data centers, targeting power-hungry computing scenarios like Bitcoin mining and AI training.

How will they spend the money? Officially, it’s split into three parts: daily operating expenses, equity investments in projects, and regular company operations. The main focus is on two directions—continuing to deepen their core business in Bitcoin mining, and expanding into generative AI and high-performance computing.

In short, they’re making the most of the AI boom by leveraging their energy management expertise from mining operations to cash in on the AI computing market.

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