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Soluna and KULR Technology Group Announce 3.3 MW Hosting Partnership at Project Sophie
Businesswire· 2025-10-09 12:30
Core Insights - Soluna Holdings has announced a new hosting partnership with KULR Technology Group, marking its first collaboration with a Bitcoin treasury-focused company, thereby broadening its customer base beyond traditional Bitcoin miners and hyperscalers [1][2][3] Group 1: Partnership Details - Under the agreement, Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky, with operations expected to commence in Q4 2025 [2][5] - KULR will utilize Soluna's operational expertise to manage its mining hardware, ensuring guaranteed hashrate and uptime targets through a new "Bitcoin Mining Lease" structure [6][7] Group 2: Strategic Implications - The partnership reflects a strategic shift for Soluna, as it adapts its renewable-powered hosting model to meet the evolving demands of Bitcoin mining and adjacent industries [3][4] - KULR's commitment to allocate up to 90% of its surplus cash reserves to Bitcoin as part of its treasury strategy aligns with Soluna's model, which offers a pathway to guaranteed hashrate without the operational complexities of mining [7][12] Group 3: Market Context - The global Battery Backup Unit (BBU) market is projected to grow from 29.22 billion USD in 2025 to 43.64 billion USD by 2034, indicating a significant opportunity for companies like KULR as they expand their focus beyond Bitcoin mining [4]
SOLUNA HOLDINGS(SLNHP) - Prospectus(update)
2025-01-15 21:31
As filed with the Securities and Exchange Commission on January 15, 2025 Registration No. 333-282559 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOLUNA HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 7374 14-1462255 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Num ...
SOLUNA HOLDINGS(SLNHP) - Prospectus(update)
2024-12-16 22:01
As filed with the Securities and Exchange Commission on December 16, 2024 Registration No. 333-282559 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOLUNA HOLDINGS, INC. (I.R.S. Employer Identification Number) 325 Washington Avenue Extension Albany, New York 12205 (516) 216-9257 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) (Sta ...
SOLUNA HOLDINGS(SLNHP) - Prospectus(update)
2024-11-12 22:29
As filed with the Securities and Exchange Commission on November 12, 2024 Registration No. 333-282559 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOLUNA HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 7374 14-1462255 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Nu ...