Soluna (SLNH) Registration filing summary

Company overview and business model

• Develops, owns, and operates digital infrastructure for energy-intensive computing by colocating data centers with renewable energy power plants, termed Renewable Computing™.

• Converts underutilized renewable energy into computing capacity for AI, HPC, and Bitcoin mining.

• Uses proprietary MaestroOS software to optimize operations based on power pricing, weather, and grid demand.

• Recent acquisitions include a 149.85 MW wind farm in Texas and a wind-powered data center campus focused on bitcoin hosting.

• Strategy centers on colocating data centers with renewable assets to improve power economics and accelerate development.

Financial performance and metrics

• Acquired Briscoe Wind Farm for approximately $53 million on April 1, 2026.

• Dorothy 1A Project acquisition involved a $6 million payment at closing and an additional $10.5 million due by July 1, 2026.

• Issued a $12 million unsecured loan note in connection with the Dorothy 1A Project acquisition.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling stockholders; all offering expenses are paid by the company.

• Proceeds from recent financings and credit agreements allocated to project acquisitions and development.