Cryptocurrency Mining Firm Soluna Secures Up to $100 Million Credit Facility from Generate Capital

BlockBeats News, September 17th - Bitcoin mining and AI data center developer Soluna announced a credit agreement with Generate Capital for up to $100 million, with an initial drawdown of $12.6 million and an annual interest rate of approximately 15%.

The funds will be used for the refinancing and construction of the Texas Project Dorothy data center. Soluna has previously raised over $30 million from Galaxy Digital, Spring Lane Capital, and others. (TheMinerMag)