- Soluna Holdings, Inc. announced its September 2025 monthly business update, highlighting key corporate and operational developments.  **[64463_0001493152-25-017204_ex99-1.htm:0]** 
- The company secured a **$100 million credit facility** from Generate Capital, with an initial **$12.6 million draw** in September 2025 to fund refinancing and construction of active data center projects.  **[64463_0001493152-25-017204_ex99-1.htm:1]** 
- Soluna **regained compliance with Nasdaq's continued listing requirements** and settled all outstanding matters with NYDIG.  **[64463_0001493152-25-017204_ex99-1.htm:1]** 
- Operationally, Soluna **surpassed 4 EH/s of hash rate under management** and broke ground on **Project Kati**, a **166 MW** wind-powered data center in Texas, on September 18, 2025.  **[64463_0001493152-25-017204_ex99-1.htm:1]** 
- A new **20 MW partnership with Canaan Inc.** was signed to deploy next-generation Bitcoin miners at Project Dorothy.  **[64463_0001493152-25-017204_ex99-1.htm:1]**

Soluna Holdings, Inc. Announces September 2025 Business Update

- Soluna Holdings, Inc. and Canaan Inc. announced a strategic hosting agreement on **September 30, 2025**, to deploy **20 megawatts (MW)** of Avalon® A15 XP Bitcoin miners at Soluna’s Project Dorothy in Briscoe County, Texas.  **[64463_0001493152-25-016179_ex99-1.htm:0]** 
- This deployment, estimated at **~1 EH/s**, is expected to occur in the **first quarter of 2026**.  **[64463_0001493152-25-016179_ex99-1.htm:0]** 
- Separately, on **September 29, 2025**, Soluna Holdings, Inc. and NYDIG ABL LLC entered into a Settlement Agreement to fully resolve the previously disclosed **$9,182,646.13** Agreed Judgment Amount plus interest related to the NYDIG Loans.  **[64463_0001493152-25-016179_form8-k.htm:1]**

Soluna Holdings Enters Strategic Partnership with Canaan Inc. and Settles NYDIG Loan Dispute

- Soluna Holdings, Inc. (SLNH) secured a scalable credit facility of up to **$100 million** from Generate Capital, PBC, with the agreement dated **September 12, 2025**.  **[64463_0001493152-25-013614_ex99-1.htm:0]** **[64463_0001493152-25-013614_ex10-2.htm:0]** 
- The financing includes an initial **$12.6 million** draw for refinancing and construction, a **$22.9 million** delayed draw for Project Dorothy 2 and Project Kati 1, and an uncommitted **$64.5 million** accordion facility for pipeline support and AI-related equipment procurement.  **[64463_0001493152-25-013614_ex99-1.htm:0]** **[64463_0001493152-25-013614_ex99-1.htm:1]** 
- In consideration for the facility, Generate Capital received warrants for the right to purchase **4 million shares** of Soluna common stock and a board observer right.  **[64463_0001493152-25-013614_ex99-1.htm:1]** 
- This funding is intended to accelerate the deployment of clean computing infrastructure for AI and Bitcoin mining, supporting Soluna's expansion beyond **1 gigawatt** of renewable computing capacity.  **[64463_0001493152-25-013614_ex99-1.htm:0]**

Soluna Secures $100M Credit Facility from Generate Capital

- Soluna Holdings, Inc. announced the scheduled **groundbreaking of Project Kati**, its largest facility to date, on **September 18, 2025**, in Willacy County, Texas.  **[64463_0001493152-25-013038_ex99-1.htm:0]** **[64463_0001493152-25-013038_form8-k.htm:1]** 
- Project Kati is expected to deliver **166 megawatts (MW)** of clean computing capacity and will support both **Bitcoin hosting** and **AI and high-performance computing (HPC) infrastructure**.  **[64463_0001493152-25-013038_ex99-1.htm:0]** 
- The project is planned in two phases: **Kati 1 (83 MW)** for Bitcoin hosting, expected online in **early 2026**, and **Kati 2 (83 MW)** for AI and HPC infrastructure.  **[64463_0001493152-25-013038_ex99-1.htm:0]** 
- Soluna is building Project Kati in partnership with **EDF Renewables, Masdar, and Spring Lane Capital**.  **[64463_0001493152-25-013038_ex99-1.htm:0]**

Soluna Holdings Announces Groundbreaking of Project Kati

- Soluna Holdings (NASDAQ: SLNH) is scheduled to break ground on **September 18, 2025**, for **Project Kati**, its largest facility to date, located in **Willacy County, Texas**.  **[64463_80fc3c248ba34e9da377fe28e4fe8bc2_0]** 
- Project Kati is designed to deliver **166 megawatts (MW)** of clean computing capacity in two phases: **Kati 1 (83 MW)** for Bitcoin hosting, expected online in **early 2026**, and **Kati 2 (83 MW)** for AI and high-performance computing (HPC) infrastructure.  **[64463_80fc3c248ba34e9da377fe28e4fe8bc2_0]** 
- The project is being built in partnership with **EDF Renewables, Masdar, and Spring Lane Capital**, and will support both Bitcoin hosting and the rapidly growing demand for AI and HPC.  **[64463_80fc3c248ba34e9da377fe28e4fe8bc2_0]**

Soluna Holdings Breaks Ground on Project Kati

- Soluna Holdings, Inc. (SLNH) announced on **August 26, 2025**, that it has reached a key milestone of **One Gigawatt (GW) of clean computing projects** in either operation, construction, or development.  **[64463_0001641172-25-025468_ex99-1.htm:0]** **[64463_0001641172-25-025468_form8-k.htm:1]** 
- This achievement was marked by the launch of two new Texas-based sites: **Project Fei**, a 100 MW solar-powered data center, and **Project Gladys**, a 150 MW wind-powered facility.  **[64463_0001641172-25-025468_ex99-1.htm:0]** 
- The company's long-term power pipeline now totals **2.8 GW**.  **[64463_0001641172-25-025468_ex99-1.htm:0]**

Soluna Holdings (SLNH)