Soluna Holdings Reports Record 2025 Growth with 4.3GW Pipeline and $142 Million Raise

Soluna Holdings, a developer of green data centers for intensive computing applications, reported record growth in 2025, with a pipeline of 4.3GW, raising $142 million, and launching AI infrastructure. The company completed Project Dorothy 2, started construction of Project Kati 1, and advanced Project Kati 2 as a planned AI and HPC data center campus. Soluna Holdings' 2025 financial results reflect significant investment in building long-term growth, with a total cash position of $88.8 million and a current ratio of 1.9x.