Soluna Holdings Stock Rises on Data Center Expansion With 'Top-Tier Bitcoin Miner'
Thomas Fuller / SOPA Images / LightRocket via Getty Images
The deal with the Bitcoin miner brings Soluna's active facilities to full capacity, CEO John Belizaire said.KEY TAKEAWAYS
-
Soluna Holdings shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a “top-tier Bitcoin miner."
-
“With this deal, Project Dorothy 2 is now fully marketed and contracted,” Soluna said.
-
Soluna shares have fallen almost 70% this year.
Soluna Holdings (SLNH) shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a “top-tier Bitcoin miner.”
“With this deal, Project Dorothy 2 is now fully marketed and contracted,” Soluna said.
The data center developer said it has expanded its flagship project site Project Dorothy 2 by 30 megawatts in its third buildout with this customer, which it didn’t name.
“It’s a major milestone in our growth pipeline, bringing 100% of our active facilities to full capacity,” Soluna CEO John Belizaire said.
Soluna shares rose 4.6% in early trading Tuesday. The company's shares have fallen almost 70% so far this year.
Read the original article on Investopedia
