U.S. stock Soluna raises $32 million: Green data centers bet on dual tracks of mining + AI

[BlockBeats] On December 6, there was a development in the US stock market—Soluna Holdings, a company specializing in green data centers, secured funding.

What does this company mainly do? They build facilities for heavy electricity users like Bitcoin mining and AI model training. This time, following Nasdaq regulations, they issued over 18 million shares at $1.77 per share, along with Series C warrants, raising about $32 million in one go.

How will the money be used? For daily operations, equity investments in projects, and the rest will support their core businesses—Bitcoin mining and high-performance computing tasks like AI. In short, both mining and AI training are cash- and energy-intensive businesses, so this funding is essentially replenishing their war chest.

It’s worth noting that more and more companies are now pursuing both mining and AI computing simultaneously, since the underlying infrastructure—electricity costs, cooling, and data center management—can be shared. This move by Soluna is essentially a bet that this trend will continue.