Cryptocurrency mining company Soluna has reached a credit agreement of up to $100 million with Generate Capital

ChainCatcher news, according to TheMinerMag, Bitcoin mining and AI data center developer Soluna announced a credit agreement with Generate Capital for up to $100 million, with an initial drawdown of $12.6 million and an annual interest rate of about 15%. The funds will be used for the refinancing and construction of the Project Dorothy data center in Texas.

Soluna has previously secured over $30 million in financing from Galaxy Digital, Spring Lane Capital, and others.