ALBANY, NY, May 8, 2024–(BUSINESS WIRE)–Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for Bitcoin mining and other intensive computing, today announced a collaboration with a leading GPU-Server from the global company, original equipment manufacturer (OEM) and provider of artificial intelligence (AI) infrastructure as a service (the “Strategic Partner”).
Soluna Cloud, the company’s new subsidiary focused on sustainable and scalable AI cloud and hosting services, has signed an agreement to work with the strategic partner to provide an initial cluster of NVIDIA H100 GPUs. As part of the collaboration, Soluna will work with the strategic partner to provide powerful and energy-efficient supercomputers for large-scale AI projects.
Soluna Cloud will begin offering its services leveraging strategic partners’ renewable energy high-performance data centers. Its state-of-the-art facilities, known for their energy efficiency and sustainability, will support the environmental sustainability of Soluna Cloud’s operations. Solunas’ new Helix data centers will serve as a growth path for customers, addressing the growing demand for more sustainable data centers powered by renewable energy. Additionally, this collaboration extends the Soluna Clouds offering beyond bare metal infrastructure by making available Strategic Partners’ end-to-end software solutions for AI pipelines.
Soluna CEO John Belizaire expressed his excitement to team up with a global leader in enterprise computing, stating, “We are honored to enter into this collaboration to launch Soluna Cloud. Our new partner is a leader in supercomputing and is aligned with our mission to make AI more sustainable Partnering with them to introduce our AI Cloud services drives our business operations as we finalize the development of our Helix data centers cutting-edge, specifically designed for AI applications.”
“Enterprises need platforms that enable rapid deployment of AI workloads without requiring a lot of expertise, data center infrastructure and large budgets,” Belizaire added. “The convergence of AI and renewables is our new approach to addressing the growing electricity demands of generative AI.”
When the H100s are deployed, the new cluster will represent substantial annual revenue for Soluna Cloud. NVIDIA H100 GPUs will soon be available to enterprise customers, and interested parties are encouraged to join the company’s waiting list. With a growing portfolio of AI customers interested in its AI cloud, Soluna anticipates significant growth opportunities in the coming months.
To learn more about Soluna Cloud and its sustainable AI cloud and hosting services, visit www.solunacloud.com.
Safe harbor declaration
This announcement contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “will,” “expects,” “anticipates “, “future” “intends”, “plans”, “believes”, “estimates”, “trusts” and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the US Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Solunas’ beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, more information about which is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. assumes no duty to update this information, except as required by applicable law.
About Soluna Holdings, Inc (SLNH)
Soluna is on a mission to make renewable energy a global superpower using IT as a catalyst. The company designs, develops and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Solunas’ pioneering data centers are strategically located with wind, solar or hydropower plants to support high-performance computing applications such as Bitcoin Mining, Generative AI and other compute-intensive applications. Solunas’ proprietary MaestroOS() software helps power a greener network while delivering cost-effective, sustainable computing solutions and superior performance. For more information, visit solunacomputing.com. Follow us on X (formerly Twitter) at @SolunaHoldings.
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contacts
Sam Sova
Partner and CEO
SOVA
Sam@letsgosova.com
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