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Soluna is Launching the World's First Utility-Scale Blockchain Infrastructure Company Powered by Its Own Private Renewable Energy Resources in the Kingdom of Morocco

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Soluna, the computing company that owns its own renewable energy, is
building a wind-powered blockchain computing infrastructure in Morocco,
to bring a clean, and sustainable alternative to the current
cryptocurrency mining approach

Soluna
Technologies, Ltd. (https://soluna.io/),
the company powering the blockchain-economy with low-cost renewable
energy, is launching its utility-scale blockchain computing facility
integrated with its own renewable energy resources. Soluna plans to
develop its own 900MW wind farm power plant in Morocco in one of the
world's windiest regions and combine it with the company's private
computing facilities to help power the blockchain in a more eco-friendly
and sustainable way.

The potential of blockchain technology has extended far beyond
crypto-currencies and financial transactions. The technology will
fundamentally alter the way we exchange practically anything, offering
unparalleled security and speed, whether it be social networking, file
storage, advertising, marketing, supply chain, or national property
records. A host of industries stand to be radically transformed using
blockchain technology.

The increase in popularity and widespread usage has come at a cost:
according to Digiconomist
(https://digiconomist.net/bitcoin-energy-consumption),
as of June 2018, Bitcoin mining used approximately 71 terawatt hours
(TWh) per year, equivalent to almost 10% of China's annual energy usage,
representing an unsustainable growth in demand on the world's energy
resources. This has led cryptocurrency miners to turn to inexpensive and
environmentally damaging fossil fuels. In response to this ever-growing
problem, Soluna has set out to be the world's first utility-scale
blockchain infrastructure company powered by its own private renewable
energy sources.

Soluna's technology focuses on:

  • Vertical integration: By developing renewable energy power
    plants dedicated to on-site, high-density computing, Soluna's ground
    breaking approach is designed to bring vertical integration to the
    blockchain ecosystem. Its energy systems and computing facilities will
    be self-contained, distributed, scalable, and flexible.
  • Wind-powered renewable energy: Soluna's flagship site covers
    37,000-acres in southern Morocco with over 900 Megawatts of wind power
    potential. It is a Class I wind site, where wind speeds reach over 22
    miles per hour, making it one of the highest quality wind sites in the
    world. In November 2016, the King of Morocco announced the kingdom's
    mission to produce over 52% of its electricity through green power by
    2030 and create over 6,000 Megawatts of renewable projects by 2020. By
    design, Soluna's wind farm will be an off-grid operation, with the
    plan to integrate it with the grid. Soluna expects the high-voltage
    transmission lines to reach the site by mid-2019. If it is not
    connected to the grid, Soluna's site will be one of the largest
    off-grid mining operations.
  • Utility-scale computing operations: As more applications and
    services begin to move onto the blockchain, Soluna's agile, flexible
    computing facilities will power the coming wave of blockchain
    technologies, networks, and distributed applications. Soluna will
    provide green, renewable, low-cost computing power for the evolving
    demands of the blockchain ecosystem and compliant with the local
    regulations, whether that be cryptocurrency mining, distributed
    graphics rendering, file storage, machine learning, AI-related
    computations or other services.

"Our vision is to power the blockchain with clean, renewable energy that
we own and control," says John Belizaire, CEO of Soluna. "Soluna will
address the growing demand for energy to power today's growing
blockchain networks, and will create the world's first "service node,"
providing high-density computing for future blockchain networks."

Forward-Looking Statements

This press release and other statements that we may make contain
"forward-looking information" or be, for purposes of applicable
securities laws, "forward-looking statements." Forward-looking
statements are statements that are not historical facts and include
statements about our future financial condition and future business
plans and expectations. Such forward-looking statements are based upon
the current beliefs and expectations of our management, but are subject
to risks and uncertainties, which could cause actual results and/or the
timing of events to differ materially from those set forth in the
forward-looking statements. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual outcomes may vary materially from those indicated. The
forward-looking statements speak only as of the date on which they are
made and Soluna undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.

About Soluna

Soluna was founded in 2018 with the mission to power the
blockchain-economy with clean, low-cost renewable energy via the world's
first vertically-integrated blockchain computing company that owns and
controls dedicated renewable energy resources. Soluna's approach is to
combine a utility-scale, renewable power plant operating on a wind farm
in Morocco, with high capacity computing facilities to support and
foster next-generation breakthroughs in the Blockchain. The company is
backed by private equity firm Brookstone Partners. For more information
on Soluna, visit: https://soluna.io/
or join our telegram group: t.me/solunablockchain.

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