---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-010691"
form_type: "8-K"
ticker: "SLNH"
cik: "0000064463"
company_name: "Soluna Holdings, Inc"
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T14:48:55.591496+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Soluna secures $5M non-dilutive loan from Galaxy Digital at 15% interest, 5-year term

## Summary
- $5M term loan from Galaxy Digital secured by Soluna SW LLC assets (Project Sophie data center).
- Interest 15% per annum, matures March 12, 2030; five-year amortizing term.
- Loan is non-dilutive with no equity features; limited recourse to parent company.
- Proceeds to support Soluna's project development and expansion without shareholder dilution.
- Prepayment allowed but subject to a premium: 50% of remaining interest if within 30 months, 25% thereafter.

## SEC filing metadata
- accession: 0001493152-25-010691
- form_type: 8-K
- ticker: SLNH
- cik: 0000064463
- company_name: Soluna Holdings, Inc
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64463/000149315225010691/0001493152-25-010691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64463/000149315225010691/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-010691
- JSON: https://secwatch.observer/filing/0001493152-25-010691.json
- Plain text: https://secwatch.observer/filing/0001493152-25-010691.txt

## Key facts
- Debt Financings
  Soluna Holdings, Inc incurred term loan of $5 million with Galaxy Digital LLC at 15.0% per annum maturing March 12, 2030.
  - Instrument: term loan
  - Principal: $5 million
  - Counterparty: Galaxy Digital LLC
  - Rate: 15.0% per annum
  - Maturity: March 12, 2030
  - Event: incurrence
  source text: entered into a Loan Agreement (the “Loan Agreement”) with Holdings and Galaxy Digital LLC (the “Lender”). The Loan Agreement comprises a term loan facility in the principal amount of $5 million (the “Term Loan Facility”). The Term Loan Facility bears interest at 15.0% per annum
  evidence_url: https://www.sec.gov/Archives/edgar/data/64463/000149315225010691/0001493152-25-010691-index.htm

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