Soluna completes $32 million equity offering, pricing in compliance with Nasdaq rules

Jinse Finance reported that Soluna Holdings, a Nasdaq-listed company developing green data centers for intensive computing applications such as bitcoin mining and artificial intelligence, announced that it has completed a $32 million fundraising by issuing 18,079,144 shares of common stock and corresponding Series C warrants at a price of $1.77 per share in accordance with Nasdaq pricing rules. The new funds will be used for operations, project equity investments, and general corporate purposes, including supporting high-performance computing applications such as bitcoin mining and generative artificial intelligence.