Soluna Announces Monthly Business Update - Seite 2

• Construction bids have been awarded. In the process of finalizing contracting and mobilizing construction in Q2.
• Power partner’s approval process is nearing completion.
• Financing syndicate advances and negotiations near completion.

Project Sophie (25 MW, Hosting with Profit Share):

• Optimal weather conditions allowed for a very strong month of steady operations leading to 95% uptime excluding scheduled curtailment periods.
• Expanded the deployment of a hosting customer to consume excess available power as a part of ongoing optimization efforts.

Project Kati (166 MW):

• PPA negotiations advanced to the final stages.
• ERCOT planning continues to progress with final comments received on one key study. Responses were sent back to ERCOT.
• Negotiations continue with the landowners for the site lease.
• Discussion and planning continue with critical equipment providers.

View Soluna’s recent AMA here.

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This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.