Soluna Holdings (SLNH) Completes Final Conversion and Payoff of Convertible Notes

Soluna Holdings, Inc. (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announces the successful completion of a final conversion and payoff of its outstanding convertible notes, following a reprice of the conversion price, eliminating this debt from the company’s balance sheet.

This one-time reprice allowed for a full conversion and payoff in a single transaction of approximately $772,000 in remaining note balances. This is a significant step toward strengthening Soluna’s financial position and providing more flexibility for future growth. By clearing this debt, Soluna can focus its resources on advancing its AI, renewable energy, and high-performance computing solutions.

“We are excited to finalize this important milestone and bring the convertible notes to a close,” said John Belizaire, CEO of Soluna Holdings. “This move allows us to direct our capital formation efforts towards the continued development of our data center projects and growing our pipeline. With this debt cleared, Soluna is in a stronger position to drive forward on our mission of transforming the intersection of AI and renewable energy. I am grateful for the patience and flexibility the convertible noteholders have shown the company over the past 24 months.”

This accomplishment is part of Soluna’s ongoing efforts to position itself as a leader in sustainable, high-performance computing and to simplify its capital structure.

For more information about this financing, please refer to the Company’s upcoming 8-K.

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