Soluna Holdings, Inc., originally incorporated in New York State in 1961, was re-incorporated in Nevada on March 24, 2021. The company develops, owns and operates digital infrastructure for energy-intensive computing applications by hosting data centers with renewable energy power plants. The company calls this model renewable computing. Renewable computing aims to address two converging market conditions: declining renewable energy generation and growing demand for power-intensive computing applications, including artificial intelligence (" AI "), high performance computing (" HPC ") and Bitcoin mining. By locating data centers near renewable energy generation assets, the company seeks to convert underutilized energy into cost-effective computing power.
