Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 699

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 699
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 2 report, we take additional steps to assess their cybersecurity preparedness and assess our
relationship on that basis.

Governance

Under
the direction of the Company’s Chief Technology Officer (“CTO”) and Director of Information Technology, with oversight
from the Board, we maintain a security governance structure to evaluate and address cyber risk. The CTO and the Director of IT are responsible
for developing and implementing our information security program. Our CTO is an Executive Sponsor of the Cyber Security Program and has
over a decade of experience in the Defense sector working directly with technology-driven Operational Security. 

The
Director of IT regularly oversees the Company’s cybersecurity program. This comprehensive review includes examining management’s
initiatives to identify and detect potential threats, outlining planned responses and recovery strategies for potential incidents, evaluating
recent improvements made to the Company’s security detection and response capabilities, and assessing management’s advancement
along the cybersecurity strategic roadmap. The internal IT team also subscribes to various threat intelligence services to evaluate our
security strategy or defense mechanism against such threats.

42

Our
board of directors has ultimate oversight of our strategic and business risk management and, as such, has oversight responsibilities
for risks and incidents relating to cybersecurity threats, including compliance with disclosure requirements, cooperation with law enforcement,
and related effects on financial and other risks. Management is responsible for identifying, assessing, and managing material cybersecurity
risks on an ongoing basis, establishing and updating processes to ensure such potential risks are monitored, putting in place appropriate
mitigation measures, and will be providing regular reports on cybersecurity trends and risks, and should they arise, any material incidents
with our board of directors.

Item
2: Properties

We
lease approximately 3,478 square feet of office, in Albany, New York, which houses the corporate offices of SHI. The current lease agreement
expires on December 31, 2027.

On
March 4, 2021, SSW acquired a 3.2-acre tract of real property located in Murray, Kentucky on which it has built an energy-efficient cryptocurrency
mining facility, Project Sophie, that includes 22 buildings for data facility hosting or mining.

On
February 24, 2023, DVSV entered into a lease agreement for a 33.19-acre tract of land in Silverton, Texas. The agreement has an initial
five-year term with the right to extend the term of the agreement for five additional one-year terms.

We
believe these facilities are generally well-maint