Soluna is a digital infrastructure company that co-locates modular data centers next to renewable power plants, converting otherwise-curtailed wind and solar energy into high-performance computing capacity. Its facilities support energy-intensive applications such as Bitcoin mining and, increasingly, artificial-intelligence workloads. The firm claims an active and advanced development pipeline exceeding 1 gigawatt of renewable-powered capacity, recently adding 150 MW to Project Gladys and 100 MW to Project Fei. Ongoing expansions include a 48 MW build-out of Project Dorothy 2 and the newly launched Project Kati 1. Soluna partners with hyperscale miners and infrastructure providers—including Blockware, Compass Mining, and Galaxy Digital—to fill its sites. Earlier in 2025 the company raised more than $30 million from Galaxy Digital, Spring Lane Capital, and a public equity offering, bolstering its balance sheet for growth. Management is now broadening the product mix to serve AI compute customers, positioning the business at the intersection of clean energy and high-demand computing.

Total raised

$140M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Sep 2025