ALBANY, N.Y.–(BUSINESS WIRE)–$SLNH #SLNH–Soluna Holdings, Inc. (“SHI” or the “Company”), (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. “T
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