UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 5, 2025
SOLUNA HOLDINGS, INC.
(Exact name of Registrant as Specified in Its Charter)
Nevada | 001-40261 | 14-1462255 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
325 Washington Avenue Extension | ||
Albany, New York | 12205 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (516) 216-9257
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common stock, par value $0.001 per share | SLNH | The Nasdaq Stock Market LLC | ||
9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share | SLNHP | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On March 5, 2025, the Company issued a press release containing certain previously unreported corporate and operational information which it publishes regularly to its website. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The information in Item 7.01 and in Exhibit 99.1 will not be treated as “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information will not be incorporated by reference into any filing under the Securities Act of 1933 or into another filing under the Exchange Act, unless that filing expressly incorporates this information by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 | Press Release, dated March 5, 2025 | |
104 | Cover Page Interactive Date File (embedded with the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SOLUNA HOLDINGS, INC. | ||
Date: March 5, 2025 | By: | /s/ John Tunison |
John Tunison | ||
Chief Financial Officer | ||
(principal financial officer) |
Exhibit 99.1
Soluna Cloud and Atlas Cloud Bring Faster, Cost-Effective DeepSeek R1 AI Inferencing to North America
ALBANY, NY, March 5, 2025 – Soluna Holdings, Inc. (“SHI”, “Soluna”, or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today its subsidiary, Soluna Cloud, Inc. (“Soluna Cloud”), is enabling Atlas Cloud’s new DeepSeek R1 offering in North America, delivering high-performance AI inferencing powered by 128 NVIDIA H100 SXM Infiniband GPUs with superior performance.
DeepSeek R1, known for its advanced AI capabilities, is now accessible to North American users through Atlas Cloud’s high-performance inference platform, which delivers superior speed and affordability compared to DeepSeek’s native deployment. The deal, signed in January, leverages Soluna Cloud’s data centers to ensure seamless and secure AI model deployment with enhanced accessibility and sustainability.
“Soluna Cloud is committed to providing AI innovators with the sustainable, scalable computing power they need,” said John Belizaire, CEO at Soluna Cloud. “Our partnership with Atlas Cloud extends access to DeepSeek R1 in North America, addressing growing concerns about data sovereignty and performance optimization.”
This North America-based deployment caters to enterprises and developers seeking alternatives to China-hosted AI solutions due to regulatory, compliance, and performance considerations.
“Atlas designed DeepSeek R1’s North American deployment to achieve what hyperscalers simply can’t—delivering incredible reductions in latency within secure, strategically located North American sites powered by Soluna,” said Jerry Tang, Founder and CEO of Atlas Cloud. “We’re excited to offer enterprises a seamless off-ramp from China-hosted models without the usual compliance headaches.”
Atlas Cloud’s new DeepSeek R1 offering in North America went live on February 28, 2025.
Safe Harbor Statement
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 include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business and our expectations with respect to our partnership with Atlas Cloud, and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the SEC, including the “Risk Factors” section of our Annual Report on Form 10-K filed with the SEC on April 1, 2024. All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.
About Atlas Cloud
Atlas Cloud delivers cutting-edge solutions for generative AI through advanced cloud, advisory, and optimization services. Serving startups, enterprises, and research institutions, Atlas Cloud empowers organizations to develop and deploy AI solutions at scale with unmatched reliability. Backed by deep expertise in finance, AI, data centers, cloud management, and official partnerships with leading OEMs, Atlas Cloud provides seamless, end-to-end solutions tailored for the AI-driven era.
About Soluna Holdings, Inc (SLNH)
Soluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company 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’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit solunacomputing.com. Follow us on X (formerly Twitter) at @SolunaHoldings.
Contact Information
Cybele Ramirez
Director, Marketing
Soluna Holdings, Inc.
ir@soluna.io