Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, has announced the completion of a $32 million registered direct offering. The company entered into definitive agreements for the sale of 18,079,144 shares of its common stock, or pre-funded warrants in lieu of shares, along with accompanying Series C warrants to purchase up to an equal number of shares. The offering was priced at $1.77 per share (or pre-funded warrant). The transaction was conducted under Nasdaq’s at-the-market offering rules, allowing Soluna to access capital efficiently while maintaining flexibility in execution. The proceeds from the offering will be used to support the company’s growth initiatives, including the development and expansion of its environmentally sustainable data center infrastructure designed to power high-performance computing workloads such as artificial intelligence and blockchain applications. Soluna continues to focus on delivering energy-efficient, large-scale data center solutions powered by renewable energy sources.