Soluna Holdings, Inc. (NASDAQ: SLNH), a company specializing in green data centers for demanding computing tasks such as Bitcoin mining and artificial intelligence (AI), announced the pricing of a $5 million public offering on July 15, 2025.
The offering includes 9,090,909 shares of common stock, as well as pre-funded warrants and Series A and Series B warrants to purchase the same number of shares. The combined public offering price is set at $0.55 per share, or for pre-funded warrants, with the warrants exercisable immediately upon issuance.
???? $SLNH CEO John Belizaire has shared a new open letter to shareholders reflecting on Soluna’s progress and setting the stage for what’s next.
Read the letter and view our latest investor materials here: https://t.co/yTpoGY4Ery
???? Save the date: Soluna’s Annual Shareholder… pic.twitter.com/7SrJqFFjcU
— Soluna (@SolunaHoldings) July 14, 2025
The Series A warrants will expire five years after their initial exercise date, while the Series B warrants will expire after 24 months. The closing of the offering is expected around July 17, 2025, pending customary closing conditions. H.C. Wainwright & Co. acts as the exclusive placement agent for this financing.
Proceeds from this capital raise will support Soluna’s working capital, project-level equity, and general corporate needs. The company focuses on leveraging surplus renewable energy by designing and operating digital infrastructure adjacent to wind, solar, and hydroelectric power plants. This infrastructure supports high-performance computing applications, including Bitcoin mining and generative AI, which demand significant processing power.
In April 2025, Soluna Holdings announced “Project Ellen,” a new wind-powered data center in Texas designed to support both Bitcoin mining and Artificial Intelligence operations. This initiative aligns with Soluna’s broader strategy to utilize renewable energy sources for its existing and planned data center projects across Texas and Kentucky.
Soluna’s proprietary MaestroOS™ software helps optimise renewable energy use while providing sustainable computing solutions and attractive returns. The company aims to promote renewable energy as a global superpower using computing as its catalyst.
This public offering follows the Securities and Exchange Commission’s (SEC) approval of Soluna’s registration statement on Form S-1 on July 15, 2025. The company encourages investors to review the registration details and related documents available via the SEC website or through H.C. Wainwright & Co..
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