Chronoscale Corp（CHRN）のニュースとイベントCHRNChronoscale Corp

Soluna Holdings Partners with Applied Digital to Develop 50 MW Data Center

Soluna Holdings (SLNH) announced that it has entered into a definitive agreement to form a jointly owned company with Applied Digital Corporation (APLD) to develop a planned 50 MW critical IT data center for AI and HPC at Project Dorothy 3, Soluna's development site near Silverton Texas and the Briscoe Wind Farm. Under the Transaction Agreement, Soluna is expected to contribute a portion of the Dorothy 3 site, including land and power-related project assets, to the Project Company, and Applied is expected to provide capital to support the development of the Project. Following the closing of the transactions contemplated by the Transaction Agreement, Applied is expected to hold a 51% interest in the Project Company, and Soluna is expected to hold the remaining 49% interest. The closing of the transactions contemplated by the Transaction Agreement is subject to the satisfaction of certain conditions precedent, including the approval of a tax abatement for the Project in Briscoe County, Texas, receipt of title policies, obtaining certain corporate approvals, successful negotiation and execution of the operating agreement for the Project Company, definitive leases, power agreements and other definitive agreements, and other customary conditions. The transactions are expected to close by the end of the calendar year. Dorothy 3 is a planned AI data center co-located with Briscoe Wind, a 150 MW wind farm in Briscoe County, Texas, near Soluna's Dorothy 1 and Dorothy 2 projects. Subject to definitive documentation, Phase 1 of Dorothy 3 is expected to draw power from both Briscoe Wind and the grid. ChronoScale Holdings Corporation (CHRN), an accelerated compute platform purpose-built to support demanding AI workloads and a publicly-traded company majority-owned by Applied, has signed a non-binding letter of intent to lease the planned facility. The lease remains subject to the negotiation and execution of definitive documentation, and there can be no assurance that a definitive lease will be entered into on the terms contemplated by the letter of intent, or at all.

ChronoScale Shares Drop 14% to $12.80

ChronoScale is down -14.0%, or -$2.08 to $12.80.

ChronoScale Shares Drop 13.5% to $15.46

ChronoScale is down -13.5%, or -$2.42 to $15.46.