Mechanical Technology (MTI) Acquires Soluna Computing
August 12, 2021
Mechanical Technology, Inc. (MTI) agreed to acquire Soluna Computing, Inc., combining MTI's EcoChain assets with Soluna's renewable-energy-powered modular data center business to form Soluna Holdings. The deal creates a platform focused on ‘green’ batchable computing (cryptocurrency mining, scientific and AI workloads) with a development pipeline of ~350 MW and aims to scale renewable-powered data centers globally.
- Buyers
- Mechanical Technology, Inc. (MTI)
- Targets
- Soluna Computing, Inc.
- Industry
- Energy
- Location
- New York, United States
- Transaction Type
- Buyout
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