Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 89

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 as of the date on which the statements were made and are not guarantees of future performance. Except as may be required by applicable
law, we do not undertake or intend to update any forward-looking statements after the date of this Quarterly Report on Form 10-Q. Please
see “Statement Concerning Forward-Looking Statements” below.

Overview
and Recent Developments

Our
mission is to make renewable energy a global superpower using computing as a catalyst.

We
develop and operate digital infrastructure that taps into a growing global opportunity: the convergence of renewable energy and High-Performance
Computing (HPC). We call this model Renewable Computing™.

Across
the world, vast amounts of clean energy go to waste due to curtailment. At the same time, there is a critical shortage of power for energy-intensive
infrastructure like AI, HPC, and Bitcoin mining. Renewable Computing™ bridges this gap—unlocking stranded renewable energy
and turning it into scalable computing power.

We
build, own or co-own, and operate data centers co-located with wind, solar, and hydroelectric plants. Our modular and scalable design
supports high-throughput, batchable applications such as Bitcoin, and soon, HPC/AI workloads. These facilities are managed by MaestroOS™,
our proprietary operating system (“MaestroOS”), which continuously analyzes signals like local power pricing, weather, grid
demand, and market conditions to optimize performance and economics.

This
intelligent orchestration enables long-term asset monetization and attractive returns on invested capital. Our approach is purpose-built
for the energy transition. We specialize in curtailment solutions, working closely with leading renewable energy developers to access
underutilized, low-cost power. Our behind-the-meter model allows us to draw energy directly from the plant or the grid, while also providing
demand response services—reducing costs and enhancing grid resilience.

A
key strategic advantage is our model of co-locating data centers directly with renewable power generation assets. By building behind
the meter, we are able to bypass long interconnection queues and source electricity directly from the generation site. This structure
not only improves power economics, but also accelerates time-to-market—an increasingly important factor for companies with large,
time-sensitive computing workloads such as AI and HPC.

With
a repeatable strategy and a growing pipeline of projects, we are scaling a new category of digital infrastructure—one that enhances
returns for renewable farms by purchasing excess capacity, lowers computing costs,