Soluna closes $20M financing from Spring Lane Capital for 35MW Project Kati 1 expansion

Soluna Holdings, Inc

$20M funding from Spring Lane Capital for 35MW expansion at Project Kati 1 in Texas.
Construction to begin Q3 2025; initial energization and ramp-up targeted by Q1 2026.
Facility designed for ~12,000 next-gen Bitcoin mining rigs; all ERCOT planning approvals obtained.
SLC can provide up to $100M additional project-level capital and up to $4M DevEx financing.

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