Soluna Holdings conducts its business through its wholly-owned subsidiary, Soluna Computing, Inc. Co. operates in two business segments: Cryptocurrency Mining, which engages in cryptocurrency mining by which transactions between cryptocurrency users are verified and added to the blockchain public ledger and also introduces new cryptocurrency coins into the existing circulating supply, facilitating a peer-to-peer decentralized network without the need for a third-party central authority; and Data Center Hosting, which provides electrical power and network connectivity to cryptocurrency mining customers, in exchange for a fixed rate per megawatt-hour, and a share of mining profits.

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