Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 17

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 17
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 register for resale the Escrow Shares and Conversion Shares (together, the “Registrable Securities”) as promptly as commercially practicable, as determined by us, following the registration for resale of certain other securities. We also agreed to register for resale the shares of Common Stock issuable upon exercise of the Warrant as promptly as commercially practicable, as determined by us, after the issuance of the Warrant.

Project Dorothy 2

We are constructing Project Dorothy 2 which is a 48MW
expansion of our flagship Project Dorothy that will be dedicated to Bitcoin Hosting. The site is expected to energize soon in the second
quarter of 2025. This will enable the commencement of the commissioning of the first of 3 phases, each of 16MW, that will occur between
May and October 2025 when the site is expected to be fully operational. As each phase is commissioned, it will begin to generate revenue,
both due to Bitcoin Hosting and Demand Response Services.

Project Rosa

We are developing Project Rosa which is expected to
be a 187MW data center for AI and Bitcoin hosting and other computing-intensive applications, as well as joint venture potential. It will
be co-located with a wind farm in Texas. We have signed term sheets for both power and land purchase agreements in connection with this
project.

Project Kati

We are developing Project Kati which is expected
to be a 166MW data center for AI, machine learning, Bitcoin hosting and other computing-intensive applications, as well as joint venture
potential. It will be co-located with a wind farm in Texas. We have received final Electric Reliability Council of Texas (“ERCOT”)
approval for the Reactive Power Study which is the last study required to exit planning. It is also waiting for required amendments
to Las Majadas Wind Farm’s agreement with the transmission service provider to be completed.

Project Grace

We continue to develop a 2MW AI/HPC data center to
be co-located with the same windfarm as Project Dorothy that will be the first construction of Soluna’s proprietary Helix design
that remains in the concept design phase.

Project Hedy

We have signed a term
sheet for power for Project Hedy, a new 120 MW data center co-located with a 200 MW wind farm in South Texas. The wind farm is owned
by a new power partner–a multinational conglomerate that focuses on developing and managing sustainable infrastructure solutions,
with a strong emphasis on renewable energy, water