---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-006402"
form_type: "8-K"
ticker: "SLNH"
cik: "0000064463"
company_name: "Soluna Holdings, Inc"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:17:13.049340+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NYDIG forecloses on Soluna's mining assets at Project Marie; facility shut down

## Summary
- NYDIG foreclosed on all collateral securing $11.65M MEFA debt on Feb 23, 2023.
- Foreclosure covers substantially all mining assets at Project Marie (20 MW Kentucky facility).
- Soluna elected to shut down Marie facility; will focus on Dorothy facility.
- Borrower received termination of Management and Hosting Services Agreement with CC Metals and Alloys.
- Soluna exploring Chapter 7 bankruptcy petition for borrower to extinguish ~$12M debt.

## SEC filing metadata
- accession: 0001493152-23-006402
- form_type: 8-K
- ticker: SLNH
- cik: 0000064463
- company_name: Soluna Holdings, Inc
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64463/000149315223006402/0001493152-23-006402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64463/000149315223006402/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-006402
- JSON: https://secwatch.observer/filing/0001493152-23-006402.json
- Plain text: https://secwatch.observer/filing/0001493152-23-006402.txt

## Key facts
- M&A Transactions
  Soluna Holdings, Inc completed a disposition involving NYDIG ABL LLC (closed 2023-02-23).
  - Action: disposition
  - Counterparty: NYDIG ABL LLC
  - Closing: 2023-02-23
  source text: On February 23, 2023, NYDIG proceeded to foreclose on all of the collateral securing the MEFA, which resulted in a reportable disposition of all of the Company's mining assets at the site and certain of the operating assets of Project Marie
  evidence_url: https://www.sec.gov/Archives/edgar/data/64463/000149315223006402/0001493152-23-006402-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.