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Soluna Holdings raised $5 million through a share placement to support the expansion of green data centers for BTC mining.
Golden Finance reports that Soluna Holdings, a Nasdaq-listed company developing green data centers for Bitcoin Mining and other intensive computing applications, has announced a fundraising of $5 million through a private placement. The transaction is expected to be completed on July 17, subject to customary closing conditions. HC Wainwright & Co. is acting as the exclusive placement agent for this issuance. The new funds will be used to support the expansion of its data center operations and for general corporate purposes.