According to Businesswire, Nasdaq-listed Soluna Holdings, which develops green data centers for intensive computing applications such as Bitcoin mining and artificial intelligence, announced the acquisition of Spring Lane Capital’s equity stake in the AI computing facility project Project Dorothy 1A (D1A) for $16.5 million, achieving 100% ownership of the project. The company previously acquired the Briscoe wind farm for $53 million earlier this month and is expected to accelerate its transition toward an integrated computing hub centered on AI computation.
Soluna Acquires the Dorothy 1A Project for $16.5M to Accelerate the Transition to AI Computing
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Summary
Soluna announces the acquisition of Spring Lane Capital’s stake in Dorothy 1A for $16.5 million, securing full ownership of the AI computing facility. Earlier this month, the company also acquired the Briscoe wind farm for $53 million. Soluna, a Nasdaq-listed company in AI and crypto news, plans to expand its green data center operations and transition into an AI-focused computing hub.
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