Soluna Holdings, Inc. (NASDAQ: SLNH) is a publicly traded U.S.-based developer of green data centers focused on transforming stranded or curtailed renewable energy into computing power for intensive applications. The company co-locates modular data centers with wind, solar, and hydro plants to monetize excess clean energy, primarily supporting Bitcoin mining, generative AI, high-performance computing (HPC), and other batchable workloads via proprietary MaestroOS™ software for efficiency and grid support. Soluna's model includes self-operated sites, hosting/colocation for institutional clients (e.g., Canaan 20 MW deployment in 2025, Compass Mining expansions), and project development with a pipeline exceeding 2.8 GW. Key 2025 milestones include energizing Dorothy 2 to full capacity (~123 MW online total), groundbreaking on Project Kati (166 MW wind-powered in Texas), surpassing 4 EH/s hashrate under management, and securing major financing ($100M facility, equity raises). As of December 22, 2025, Soluna is active with strong momentum in renewable-powered Bitcoin mining and AI infrastructure.

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