Cryptocurrency mining data center company Soluna collapses after raising capital
According to an announcement on its website Soluna announced the sale of 1,388,889 shares at $1.44 per share, raising about $2 million.
Shares of Soluna Holdings (SLNH) fell 43% to $1.03 early Monday following the company’s Friday night secondary offering announcement. The stock is now 90% lower as of now.
It they plan to use the proceeds to acquire, develop and grow data centers, including cryptocurrency mining processors, other computer processing equipment, data storage, electrical infrastructure, software, physical and business assets, including but not limited to its development site in Texas, and for general corporate purposes.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Elise
CoinCu News
Author
News
Soluna Raised About $2M In An Equity Sale
Cryptocurrency mining data center company Soluna collapses after raising capital
According to an announcement on its website Soluna announced the sale of 1,388,889 shares at $1.44 per share, raising about $2 million.
Shares of Soluna Holdings (SLNH) fell 43% to $1.03 early Monday following the company’s Friday night secondary offering announcement. The stock is now 90% lower as of now.
It they plan to use the proceeds to acquire, develop and grow data centers, including cryptocurrency mining processors, other computer processing equipment, data storage, electrical infrastructure, software, physical and business assets, including but not limited to its development site in Texas, and for general corporate purposes.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Elise
CoinCu News
Other Posts
Related Posts
Latest
Top 8 Ways to Make Passive Income Through Cryptocurrency in 2024
2000+ Holders Back This Game-Changing Crypto – The Best Altcoin in 2024 Amid TRON’s Growth Surge and Render’s $15 Target
LAOS Network Lists Token; Forges Partnership with Sequence to Bring Scalable Free-2-Play Gaming to Web3
Press Release
2000+ Holders Back This Game-Changing Crypto – The Best Altcoin in 2024 Amid TRON’s Growth Surge and Render’s $15 Target
LAOS Network Lists Token; Forges Partnership with Sequence to Bring Scalable Free-2-Play Gaming to Web3
