Vinson & Elkins Advises Soluna in $100M Financing to Scale Data Centers

Group 1 - Soluna Holdings, Inc. has secured a scalable credit facility of up to $100 million from Generate Capital to fund refinancing, construction, and expansion of its renewable-powered projects [1] - The financing is aimed at supporting large-scale data center facilities [2] Group 2 - Vinson & Elkins served as counsel to affiliates of Generate Capital in the negotiation of the financing [2] - The financing arrangement involves Generate Capital acting as the sole lender, administrative agent, and collateral agent [2]