TechFlow, December 6 — According to Businesswire, Soluna Holdings, a Nasdaq-listed company developing green data centers for intensive computing applications such as bitcoin mining and artificial intelligence, announced today that it has entered into a definitive agreement to raise approximately $32 million by issuing 18,079,144 shares of common stock at $1.77 per share, along with corresponding Series C warrants, in accordance with Nasdaq rules. The new capital will be used for operating expenses, project equity investments, and general corporate purposes, including supporting high-performance computing applications such as bitcoin mining and generative AI.
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