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 modular data center designs for Bitcoin mining and is developing AI-ready centers for high-density compute.

• Proprietary MaestroOS software optimizes operations based on power pricing, weather, and grid demand.

• Operates behind-the-meter at renewable sites, accessing both on-site and grid power, and participates in demand response programs.

Financial performance and metrics

• Qualifies as a smaller reporting company, presenting only two years of audited financials and reduced executive compensation disclosure.

• As of April 10, 2026, 113,181,690 shares of common stock outstanding; up to 139,694,505 shares post-offering.

Use of proceeds and capital allocation

• Will not receive proceeds from shares sold by the selling holder; proceeds from future SEPA advances will be used for working capital, project-level equity, and general corporate purposes.