Soluna Holdings, a developer of green data centers for intensive computing applications such as artificial intelligence (AI) and Bitcoin mining, has closed a $100 million scalable credit facility from Generate Capital, PBC, an infrastructure investment firm.
Soluna is a digital infrastructure company that builds modular data centers that transform curtailed or underutilized renewable energy into compute power for energy-intensive, batchable applications. By colocating with clean-energy producers, Soluna supports a cleaner grid while delivering cost-effective, sustainable infrastructure to enterprises.
The initial $12.6 million draw will fund the refinancing and construction of active data center projects, with additional capital support for Soluna’s 1-gigawatt and expanding pipeline. The financing follows more than $30 million in funding raised earlier this year from Galaxy Digital, Spring Lane Capital and a recent public offering. The new agreement adds momentum to
