Revenue Growth - Year-to-date revenue for 2024 reached 29.7million,a18.8 million increase or 172% compared to 10.9millionin2023[2][8]−Thirdquarterrevenueincreasedby307.5 million, up from 5.8millioninthesamequarterof2023[8][13]FinancialPerformance−AdjustedEBITDAforyear−to−date2024is3.5 million, an increase of 8.0millioncomparedtoalossof4.5 million in 2023[8] - Unrestricted cash increased by 38% from the end of 2023, reaching 8.8million[8]DevelopmentandExpansion−Thedevelopmentpipelinehasexpandedtoover2.6GW,with1.2GWcurrentlyinactiveTermSheetnegotiations[5][19]−ProjectDorothy2hassecured30 million in funding for a 48 MW expansion, with groundbreaking held on August 28, 2024[8] - Project Rosa has signed term sheets for power and land for a new 187 MW data center, marking a significant step in expansion efforts[8][19] Strategic Focus - Soluna's digital infrastructure is strategically co-located with renewable energy sources to support high-performance computing applications[3][18] - The company is focused on transforming surplus renewable energy into scalable computing resources, positioning itself as a leader in renewable computing[4][18] Funding and Investment - Soluna Cloud secured 13.75millionintotalfunding,withanadditional1.25 million raised to enhance AI offerings[8][19]
