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Soluna Raises $35M From Spring Lane Capital to Build Green Data Centers for Crypto, Machine Learning

This announcement brings Soluna’s total funding for data centers co-located with renewable energy assets to $100 million; doubles employee headcount.… Read more »

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Tigercomm
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Melissa Baldwin
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Melissa@Tigercomm.us

Third Quarter 2020 Highlights

Product revenue at our MTI Instruments subsidiary has now climbed 47% higher than prior year to date. This brings the year to date revenue to $7.5M, exceeding 2019 total year revenue of $6.6M. The majority of the increase is attributed to shipments under the historic delivery order from the United States Air Force for 52 new PBS-4100+ engine vibration balancing systems, which was received in April 2020.  The rise in military sales has offset a slight decline in the other instrumentation sales.

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