Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 114

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 114
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 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 energizes
the grid, lowers computing costs, and advances a more sustainable future.

We
operate across multiple business lines and generate revenue from four primary sources, as described below:

    ●
    Bitcoin
    Mining Business – We mine Bitcoin through proprietary operations and joint ventures located at our data centers.

    ●
    Bitcoin
    Hosting Business – We provide hosting services to third-party Bitcoin mining customers at our data centers.

    ●
    High
    Performance Computing (HPC) Business – We offer colocation and hosting services for companies seeking to train large language
    models (LLMs), fine-tune existing artificial intelligence models, and deploy other compute-intensive AI or HPC workloads.