Soluna Announces Monthly Business Update; Signs Term Sheet With A Renewable Energy Leader For Project Rosa, Boosting Capacity By 187 MW Of Sustainable Energy For AI And Bitcoin Mining
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings, Inc. (NASDAQ:SLNH) announced a significant expansion in its renewable energy capacity for AI and Bitcoin mining through a new term sheet for Project Rosa, adding 187 MW. The company also provided updates on various projects, including Project Dorothy and Project Sophie, highlighting advancements in infrastructure and operations.
October 09, 2024 | 12:12 pm
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Soluna Holdings has signed a term sheet to increase its renewable energy capacity by 187 MW for AI and Bitcoin mining, indicating potential growth in its operations and market position.
The signing of a term sheet to boost capacity by 187 MW is a significant development for Soluna Holdings, indicating potential growth in its operations. This expansion aligns with the increasing demand for sustainable energy solutions in AI and Bitcoin mining, likely leading to positive investor sentiment and a potential increase in stock price.
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