Soluna receives $20 million in funding from Spring Lane Capital and will start construction of Kati 1 project

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On July 22, according to Businesswire, data center developer Soluna Holdings, Inc. (NASDAQ: SLNH) announced today that it has completed the latest round of financing from Spring Lane Capital (SLC), supporting the expansion of its Kati project in Texas to 35 megawatts and officially launching the Kati 1 project.

With this financing, Soluna plans to start construction of the Kati 1 project in the third quarter of 2025 and aims to achieve initial power-up and gradual production by the first quarter of 2026, with the new facility designed to accommodate approximately 12,000 next-generation Bitcoin mining machines.

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