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M&A Deal Summary

Soluna Acquires Soluna

On August 12, 2021, Soluna acquired renewable energy company Soluna

Acquisition Highlights
  • This is Soluna’s 1st transaction in the Renewable Energy sector.
  • This is Soluna’s 2nd transaction in the United States.
  • This is Soluna’s 1st transaction in New York.

M&A Deal Summary
Date 2021-08-12
Target Soluna
Sector Renewable Energy
Buyer(s) Soluna
Deal Type Add-on Acquisition

Target

Soluna

New York, New York, United States
Soluna is an operator of power data centers specializing in performing batchable computing, such as cryptocurrency mining. Soluna’s scalable, on-demand data centers buy every excess megawatt from renewable energy projects, increasing project revenue while eliminating wasted energy. Implementing Soluna data centers is a low-risk, low-friction process due to the company’s four pillars of expertise: Project development, energy markets, project finance, and computing technology. Soluna has molded this unique expertise into a proven project finance structure and revenue-generating solution. Soluna is based in New York City.

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Buyer(S) 1

Buyer

Soluna

Albany, New York, United States
Category Company
Founded 1961
Sector Financial Services
Employees47
Revenue 38M USD (2024)
DESCRIPTION

Soluna designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna was founded in 1961 and is headquartered in Albany, New York.

DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 Giga Watt - Intellectual Property and Certain Other Property & Rights

Washington, United States

Giga Watt, Inc. - Intellectual Property and Certain Other Property & Rights provides pilot cryptocurrency mining operations.

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