Soluna Holdings announces open letter to shareholders from John Beliziare

Soluna Holdings announced an open letter to shareholders from Soluna Holdings CEO, John Beliziare. A longer version of the letter as well as an earnings power presentation can be found on Soluna’s website. Open Letter to Shareholders from John Belizaire, CEO of Soluna Holdings, Inc. “Dear Shareholders, As the new CEO of Soluna Holdings, I want to share my reflections on the past year and outline our path ahead, and I want to acknowledge the challenges we faced and commend the resilience and adaptability of our organization… Looking ahead to 2023, our primary focus is on energizing and commercializing Project Dorothy. We received final approval from the Texas regulator, ERCOT, and closed a transaction with Spring Lane Capital to provide the liquidity to complete the 25 MW Project Dorothy 1A. We signed a Joint Venture agreement with Navitas Global, a significant step towards building a 25 MW proprietary mining business at Project Dorothy 1B. Project Sophie in Kentucky secured a 25 MW hosting agreement, which is expected to enhance profitability and serve as the core business model…”