Soluna Receives $35M From Spring Lane to Build Green Data Centers

• The wealth volition assistance make 3 behind-the-meter (BTM) facilities, designed to person wasted renewable vigor into cleanable computing for services specified arsenic bitcoin mining and artificial intelligence, according to a statement.

• “Soluna is the lone existent greenish bitcoin institution we’ve yet seen,” said Rob Day, a Spring Lane spouse and co-founder. “Going aft wasted renewable vigor – ‘spilled power’ – is simply a compelling solution – and fixes some bitcoin’s clime occupation and upwind power’s grid problem.”

• The archetypal of the 3 projects, Dorothy, volition beryllium a 100 megawatt (MW) capableness information halfway connected to a Texas upwind workplace that produces much energy than the grid tin consume.

• Energy from renewable sources, specified arsenic wind, sometimes overloads the powerfulness grid erstwhile the vigor produced exceeds demand. Data centers similar Soluna’s assistance negociate the proviso by moving computing-intensive processes similar crypto mining.

• Dorothy volition person 50MW of archetypal capableness and is expected to beryllium activated successful coming months.

• The different 2 projects volition “come from Soluna’s robust pipeline,” the connection said.

• Soluna said the caller superior brings full backing for information centers co-located with renewable vigor assets to $100 million.

Please enactment that our

privacy policy,

terms of use,

cookies, and

do not merchantability my idiosyncratic information

has been updated.

The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a

strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of

Digital Currency Group, which invests in

cryptocurrencies

and blockchain

startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of

stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.