Data center developer Soluna has secured $20 million in funding from Spring Lane Capital to initiate the construction of the Kati 1 project

Jul 22, 2025 20:47:32

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ChainCatcher news, according to businesswire, data center developer Soluna Holdings, Inc. (NASDAQ: SLNH) today announced it has completed its latest round of financing, funded by Spring Lane Capital (SLC), to support the expansion of its Kati project in Texas to 35 megawatts, officially launching the Kati 1 project.

With this financing, Soluna plans to start construction of the Kati 1 project in the third quarter of 2025 and aims to achieve initial power-on in the first quarter of 2026, gradually commencing operations. The new facility is designed to accommodate approximately 12,000 next-generation Bitcoin mining machines.

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