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Soluna Holdings inks deal with AI-focused GPU startup

EditorEmilio Ghigini
Published 02/14/2024, 08:35 AM
Updated 02/14/2024, 08:35 AM
© Reuters.

ALBANY, N.Y. - Soluna Holdings, Inc. (NASDAQ: SLNH), known for developing green data centers, has entered into a co-location agreement with an emerging GPU startup specializing in AI computing. This partnership is set to enhance Soluna's expansion into sustainable AI technology.

Under this new agreement, Soluna Holdings will provide co-location services at its modular data center known as Project Sophie, based in Kentucky. The startup, which concentrates on AI applications, chose Project Sophie due to Soluna's commitment to sustainability and its scalable AI data center operations.

John Belizaire, CEO of Soluna Holdings, expressed enthusiasm about the collaboration, highlighting it as a testament to the company's dedication to sustainable AI computing growth and innovation. He anticipates supporting the startup's expansion and success through this initiative.

The agreement arrives at a critical juncture as Soluna Holdings prepares to launch its AI Cloud business, which aims to offer AI computing powered by renewable energy at a lower cost compared to traditional data centers. Leveraging its renewable energy expertise and strategic partnerships, Soluna is positioning itself to offer cost-effective and sustainable computing solutions to AI customers.

Soluna's approach to digital infrastructure involves the transformation of surplus renewable energy into computing resources. The company's data centers are strategically located alongside renewable energy sources such as wind, solar, and hydroelectric power plants, supporting high-performance computing applications like Bitcoin mining and Generative AI.

The company also operates MaestroOS™, a proprietary software designed to contribute to a greener grid while providing sustainable and economical computing options.

This partnership is based on a press release statement and represents a significant move for Soluna Holdings as it continues to diversify its services and reinforce its presence in the renewable energy and AI computing markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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