By Daniella Parra
Soluna Holdings, Inc. (NASDAQ: SLNH), a developer of green data centers for AI and Bitcoin mining, has secured a scalable credit facility of up to $100 million from Generate Capital to fund refinancing, construction, and expansion of its renewable-powered projects, the company said.
Vinson & Elkins said it served as counsel to affiliates of Generate Capital, PBC in connection with their roles as sole lender, administrative agent and collateral agent, in the negotiation of a financing of up to $100,000,000 in connection with certain large-scale data center facilities.
The Vinson & Elkins team was led by partner Eamon Nolan and senior associate Rafael B. de Toledo, with assistance from associates Fon Kunanusorn, Dan Lee, and Peter Kim, they said.
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