Crypto Mining News Daily

Sunday, July 14, 2024
HomeNewsCrypto Mining Data Center Soluna Stock Surges After $14M Investment Deal

Crypto Mining Data Center Soluna Stock Surges After $14M Investment Deal

-

💰 Soluna Holdings’ stock surged by 12% after securing a $14 million investment deal for the development of Project Dorothy 1B in Texas.

Facts

  • 💼 Soluna Holdings received $14 million in funding for Project Dorothy 1B in Texas.
  • 🏗️ The funding includes a $2 million loan for site construction and a $12 million equity investment.
  • 💡 Soluna will provide operations and maintenance expertise and retain a 51% ownership stake.
  • 💰 The partnership aims to achieve cash flow positivity by the second half of 2023.
  • ⛏️ After a challenging period, the crypto mining industry is recovering due to the rising price of bitcoin.
  • 📉 Soluna Holdings’ stock has fallen 22% this year, underperforming pure-play mining firms and bitcoin’s price.

Source: Coindesk

LATEST POSTS

Most Popular

Learn How to Mine Crypto

Join our mailing list and receive a free copy of Crypto Mining 101, our detailed guide on how crypto mining works, must have tools to get started, and how to be successful.

Note: We’ll never sell, trade, or abuse your information, and it’s simple to opt out! Read our Privacy Policy here.