Market Overview

Soluna and DMG Blockchain Solutions Inc. Announce Strategic Partnership to Drive Morocco Wind Farm Project


Soluna to leverage DMG's deep blockchain expertise to deliver
sustainable energy resources alongside utility-scale blockchain
computing facility

Advancing its mission to power the blockchain economy with low-cost
renewable energy, Soluna
Technologies, Ltd. (,
today announced a new strategic partnership with DMG Blockchain
Solutions Inc.

The agreement comes as Soluna begins to develop a 37,000-acre wind farm
in southern Morocco, the largest wind farm in the world. The company's
energy systems and accompanying computing technology will be
self-contained, distributed, scalable, and flexible, allowing it to
achieve efficiencies only obtainable with utility-scale operations. The
energy resources will be integrated with a suite of computing facilities
to power next-generation blockchain breakthroughs.

As part of the agreement, Soluna intends to engage DMG for hardware
procurement, data center design, mining setup, remote hardware, and
systems monitoring. In addition, DMG will provide all necessary support
services and a 5MW innovation lab in British Columbia.

"Our partnership with DMG represents an important step forward for
Soluna," said John Belizaire, CEO, Soluna. "Having the right partners is
critical, and DMG is best-in-class. DMG benefits from deep global
expertise in building large-scale computing facilities and brings a
wealth of blockchain mining and infrastructure knowledge to the project.
As we plan the first stage of development for our project in Morocco, we
are thrilled to have a seasoned partner to galvanize our efforts to
create the world's first vertically-integrated blockchain computing

"We are excited about our new strategic partnership with Soluna," said
Dan Reitzik, Founder and CEO, DMG. "I'm confident that our proven
expertise in managing, operating, and developing end-to-end digital
solutions for the blockchain ecosystem will complement Soluna's unique
approach. We look forward to being an integral part of the long-term
success of Soluna's mission."

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:
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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.

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