Soluna Launches New AI Cloud Service in Collaboration with Leading Hig...

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Today's Date: May 19, 2024

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Soluna Launches New AI Cloud Service in Collaboration with Leading High Performance Computing Company

ALBANY, N.Y. , May 08 /Businesswire/ - Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for Bitcoin mining and other intensive computing announced today a collaboration with a leading global enterprise GPU-Server, original equipment manufacturer (OEM) and Artificial Intelligence (AI) infrastructure-as-a-service provider (the “Strategic Partner”).

Soluna Cloud, the Company’s new subsidiary focused on sustainable, scalable AI Cloud and hosting services, has signed an agreement to work with the Strategic Partner to deliver an initial cluster of NVIDIA H100 GPUs. As part of the collaboration, Soluna will work with the Strategic Partner to deliver powerful, energy-efficient supercomputers for large-scale AI projects.

Soluna Cloud will begin offering its services by leveraging the Strategic Partner’s renewable- powered high performance data centers. Their cutting-edge facilities, known for their energy efficiency and sustainability, will support the environmental sustainability of Soluna Cloud's operations. Soluna’s new Helix data centers will serve as the growth pathway for customers, addressing the growing demand for more sustainable data centers powered by renewable energy. Additionally, this collaboration expands Soluna Cloud’s offering beyond just bare-metal infrastructure, making available the Strategic Partner’s comprehensive software solutions for AI pipelines.

John Belizaire, CEO of Soluna, expressed his excitement about teaming up with a leading global enterprise computing company, stating, “We are honored to enter 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 jumpstarts our enterprise operations as we finalize the development of our cutting-edge Helix data centers, specifically designed for AI applications.”

“Enterprises need platforms that allow rapid deployment of AI workloads without needing a lot of expertise, data center infrastructure, and large budgets,” added Belizaire. “The convergence of AI and Renewable energy is our novel approach to address the surging 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 made available for enterprise customers and interested parties are encouraged to join the Company’s waitlist. With a growing pipeline of AI Customers interested in its AI Cloud, Soluna anticipates significant growth opportunities in the coming months.

For more information about Soluna Cloud and its sustainable AI Cloud and Hosting Services, please visit www.solunacloud.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. 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 Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding 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. undertakes no duty to update such information, except as required under applicable law.

About Soluna Holdings, Inc (SLNH)

Soluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit solunacomputing.com. Follow us on X (formerly Twitter) at @SolunaHoldings.