Wu said that US-listed company Soluna Holdings has announced it has reached a definitive agreement to raise approximately $32 million. According to Nasdaq rules, the company will issue 18,079,144 shares of common stock and corresponding Series C warrants at a price of $1.77 per share. The net proceeds from this financing will be used for company working capital, project-level equity investments, and other general corporate purposes, including supporting high-performance computing applications such as Bitcoin mining and generative AI.