Soluna Holdings raises $5 million through rights issue to support the expansion of green data centers for BTC mining

According to Golden Finance, Soluna Holdings, a Nasdaq listed company that develops green data centers for intensive computing applications such as Bitcoin mining and artificial intelligence, announced that it has raised $5 million through a rights issue. The transaction is expected to be completed on July 17th after meeting the customary closing conditions. HC Wainwright&Co. will serve as the exclusive placement agent for this issuance, and the new funds will be used to support its expansion of data center operations and general corporate purposes.