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Business Wire
an hour ago
- Business
- Business Wire
Soluna Holdings, Inc. Announces Pricing of $5 Million Public Offering
ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. ('Soluna' or the 'Company') (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and Artificial Intelligence (AI), today announced the pricing of a public offering of an aggregate of 9,090,909 shares of its common stock (or pre-funded warrants in lieu thereof), Series A warrants to purchase 9,090,909 shares of its common stock and Series B warrants to purchase 9,090,909 shares of its common stock, at a combined public offering price of $0.55 per share (or pre-funded warrant in lieu thereof) and accompanying warrants. Each of the Series A warrants and the Series B warrants will have an exercise price of $0.55 per share and will be exercisable immediately upon issuance. The Series A Warrants will expire on the five-year anniversary of the initial exercise date and the Series B Warrants will expire on the twenty-four-month anniversary of the initial exercise date. The closing of the offering is expected to occur on or about July 17, 2025, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses payable by the Company, are expected to be approximately $5 million. The Company intends to use the net proceeds from the offering for working capital, project-level equity, and general corporate purposes. The securities described above are being offered pursuant to a registration statement on Form S-1 (File No. 333- 287519), which was declared effective by the Securities and Exchange Commission (the 'SEC') on July 15, 2025. The offering is being made only by means of a prospectus forming part of the effective registration statement relating to the offering. A preliminary prospectus relating to the offering has been filed with the SEC. Electronic copies of the final prospectus, when available, may be obtained on the SEC's website at and may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at placements@ This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Soluna Holdings, Inc. (Nasdaq: SLNH) Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The Company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna's pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna's proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit and follow us on: LinkedIn: X (formerly Twitter): YouTube: Newsletter: Resource Center: Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business and our expectations with respect to the completion of the offering, the satisfaction of customary closing conditions related to the offering, the anticipated use of proceeds therefrom, and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'confident' and similar statements. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the SEC, including the 'Risk Factors' section of our Annual Report on Form 10-K filed with the SEC on March 31, 2025, as well as other risks described in the section entitled 'Risk Factors,' in the Company's registration statement on Form S-1 (File No. 333-287519). All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.
Yahoo
4 hours ago
- Business
- Yahoo
How one cybersecurity startup is using AI to keep clients safe
Artificial intelligence has become a key part of cybersecurity. It's helping cybersecurity companies keep their customers' data safe, but, unfortunately, it's also a new tool for criminals to exploit. Arctic Wolf ( CEO and president Nick Schneider joins Asking for a Trend with Josh Lipton to discuss how his company, valued at more than $4 billion, is leveraging AI to fight those who want to use the technology for harm. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Let's talk about AI, a trend investors are very excited about. How is your company leveraging that tech? Yeah, so there's two primary ways. First of all, AI's been used in cybersecurity for a long time. There's two primary ways you can use it kind of in the back end or in the core of the platform to be able to make sense of all the data that you're ingesting. So, for example, our business is ingesting now somewhere in the neighborhood of 9 trillion security events a week. But our average customer is only really actioning, gonna call it two to three of those alerts per week. And really the magic between those two numbers is all through automation and AI, in AI. Now, that's not really customer facing. That's a lot of what's happening in the back end. The second way to leverage it is through LLMs or engagement with the end user of themselves. So, like, for example, we have a product called Cypher. It's an AI assistant. And effectively what that allows end customers to do is understand the data that they're getting through the platform to be able to take action within their environment or do something within their business. And we talked about how you're using AI. How are the bad guys using it? Yeah, the easiest one to like really wrap your head around is through like fishing campaigns, right? So it used to be a world where a fishing campaign was actually pretty easy to, you know, point out if you were an individual and you were paying attention. Now they've gotten pretty sophisticated, right? So the emails are written really well. They use logos that are really well depicted, the headers that they leverage for the emails that they send are really hard to decipher, like a one versus an I, for example. So so they've gotten really sophisticated with leveraging AI and then, you know, also leveraging the AI in a bulk fashion to do that to, you know, thousands of people at once as opposed to trying to kind of do it in a piecemeal fashion. When you talk about bad guys, Nick, who are we talking about in broad strokes? Yeah. Yeah, I got this question today, too. So um, so bad actors in general, generally speaking they're in groups of bad actors and I think that's where we see the majority of the activity. So those can be actually organizations in certain countries, or individuals now with the advent of AI can do this from their home. Uh but then you also see in certain industries concerned over like nation states, right? So if you're in critical infrastructure, anything that might be, you know, critical to a country or an organization that would be interesting to a nation state, you'll see some nation-state activity as well.
Business Wire
6 hours ago
- Business
- Business Wire
University of Colorado Boulder's Quantum Forge Students Complete Program with Xairos
LAFAYETTE, Colo.--(BUSINESS WIRE)--Xairos Systems, Inc., a quantum technology company that is developing a global resilient timing architecture to augment timing from GPS (Global Positioning System), benefitted from hosting four quantum physics and engineering physics undergraduate students in the lab, where they were exposed to the real-world problem of entangling photons, quantifying the interaction, and visualizing the invisible process. Four undergraduate students from University of Colorado's Quantum Forge program successfully completed the program, hosted by Xairos, where they gained real-world experience with photon entanglement in the Xairos quantum lab. Quantum Forge is a program at the University of Colorado Boulder that gives students first-hand experience with the quantum industry through sponsored projects with industry partners. Students gain proficiency with industry techniques while becoming more familiar with company culture and norms, positioning them well for industry entry upon completion of the course. Students can apply for Quantum Forge in March for the upcoming academic year. The participating students included four seniors majoring in physics and engineering physics: Conor O'Neill, Grayson Hallmark, Ethan Trapp and Andrew Nguyen, all of whom completed the program in Spring 2025. 'Working with Xairos was an incredible experience because I got to see start-up culture and be involved in a project applying quantum optics,' said Nguyen. 'It's rewarding to see physics from the classroom being used in the real world.' Xairos is developing a global resilient space-based timing architecture using Quantum Time Transfer. Accurate timing synchronization is critical for improving the efficiency of power grids, networks and data centers, including those needing higher compute capabilities due to rising demand from Artificial Intelligence. Accurate and resilient timing is also foundational for location data, including GPS. "Most capstone experiences for science majors are designed for students continuing on to graduate study,' said Michael Bennett, the course designer and Director of Education for the Q-SEnSE NSF Quantum Leap Challenge Institute at CU Boulder. 'But the reality is that companies are increasingly looking to hire at a variety of levels of quantum specialization. The Xairos team is a great example of how even bachelors-level workers can make meaningful contributions to the quantum workforce.' 'We have been very impressed by the students' determination and motivation,' said David Mitlyng, CEO of Xairos. 'Achieving photon entanglement is not for the faint of heart, and these young professionals showed fortitude and commitment.' About Xairos Xairos is developing a global resilient space-based timing architecture using Quantum Time Transfer (QTT), a protocol invented, patented, and perfected by the Xairos team. Accurate timing synchronization is critical for the world's transportation, networks, financial transactions, data centers, and power grids. Xairos is commercializing QTT to develop the next generation of Position, Navigation and Timing (PNT), with sub-nanosecond-level accuracy (1000 times better) and the security needed for future networks and applications. For more information, visit
Sky News AU
7 hours ago
- Business
- Sky News AU
Meta falsely accuses Gold Coast business owner of child exploitation and suspends her accounts after she posted a video of her dogs
A Gold Coast business owner has been wrongfully banned by Meta's Artificial Intelligence (AI) and falsely accused of child exploitation over an innocent dog video posted online. Rochelle Marinato, the founder of Pilates World, has spent 12 years building her brand which sells Pilates reformers and equipment. But the single mother of four's business quickly crippled after she posted a video of three dogs looking out of a window on her personal account on June 28. Ms Marinato received an email from Instagram which stated the post breached community standards on 'Child sexual exploitation, abuse and nudity'. Her account was suspended, as was Pilates World's business account, due to its association. 'I received an email from Meta letting me know my account had been suspended … There were no humans in the video,' she said. Ms Marinato appealed the suspension, but it was assessed by Meta AI and denied before both were permanently disabled. Pilates World vanished from Instagram's search, the account couldn't be tagged or found by customers and sales dropped by 75 per cent. 'Honestly, we rely so heavily on social media. It's such a critical form of marketing for small business, for visibility and brand recognition and sales,' she said. Ms Marinato said she emailed Meta 22 times and requested a human reassess the situation but only received generic responses. Her solicitor also sent a letter to Meta's head office in California and Sydney but is yet to receive a response. As a last resort, the business owner turned to a third party to recover the accounts. 'We did pay them, and I thought it was probably a scam, but at that point, I was so desperate, business was being impacted so significantly that I was willing to take the risk, and it worked, and we got our accounts back,' Ms Marinato said. While the accounts have been restored, Ms Marinato estimates the outage has cost her $50,000 and the brand's reputation has been bruised. 'It's really heavy, actually, to think that is something that's going to be associated with my business name and with my digital footprint. It's really, really scary, and all because of a mistake by AI', 'So it's impossible to know what meta will find a breach and what it won't, because that video was of three dogs. There was no humans in the video. So it's almost impossible to avoid in the future,' she said. Ms Marinato is among thousands of impacted users online by Meta's tech failure. A petition with more than 30,000 signatures is calling on the social media company to stop wrongful account bans and offer human support. In a statement to Sky News, A Meta spokesperson said, 'We're always working to improve the enforcement of all our policies to help keep our community safe,' 'We haven't seen evidence of a significant increase in incorrect enforcement'.
Time of India
11 hours ago
- Time of India
Nvidia's Jensen Huang rips MIT study claiming AI makes people dumb, says 'As a CEO, I spend most...'
Dismissing a recent MIT study that suggests Artificial Intelligence (AI) diminishes cognitive abilities, Nvidia CEO Jensen Huang has an astonishing claim saying that AI has actually improved his thinking skills. Huang, whose net worth soared $1 billion as the chipmaker joined the $4 trillion club, admitted he uses AI every day so that it could teach him something new. In an interview to CNN, the Nvidia CEO said he used AI "literally everyday" and believes his "cognitive skills are actually advancing." "I haven't looked at their research yet, but I have to admit, I'm using AI literally every single day," Huang stated during the interview. "I think my cognitive skills are actually advancing, and the reason for that is because I am not asking it to do the thinking for me." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dream Kitchen Within Reach? See How HomeLane Get Quote Undo Jensen Huang said AI assists him in solving problems that he would not have been able to. He asks the AI tool, 'Are you sure this is the best answer you can provide?' and asserts that AI is making him smarter. ALSO READ: Emmy Nominations 2025: 'Severance,' 'The White Lotus' and 'Adolescence' to bag big scores? Full list revealed Live Events A new study from researchers at MIT's Media study, which analyzed 54 subjects writing SAT essays using ChatGPT, Google Search, or no tools showed concerning results. Researchers used an EEG to record the writers' brain activity across 32 regions, and found that of the three groups, ChatGPT users had the lowest brain engagement and 'consistently underperformed at neural, linguistic, and behavioral levels. Over the course of several months, ChatGPT users got lazier with each subsequent essay, often resorting to copy-and-paste by the end of the study. Nvidia CEO Jensen Huang on MIT study Challenging the study's methodology and questioning how participants are using AI tools, he said, "I am not exactly sure what people are using it for that would cause you to now not have to think," he told CNN's "Fareed Zakaria GPS" that aired Sunday. "But if you have the thing in order, for example, the idea of prompting an AI, the idea of asking questions... you're spending most of your time today asking me questions in order to ask good questions. It's a highly cognitive skill." ALSO READ: National Hurricane Center has a warning for Florida, Texas as Gulf tropical development chances are increasing He added, 'You know this is no different than getting three opinions. Three doctors' opinions. I do the same thing. I ask the same question to multiple AIs. And I ask them to compare each other's notes and then, you know, give me the best of all the answers.' This methodology, according to Huang, actually strengthens analytical abilities rather than weakening them. "So I think that process of critiquing and critiquing the answers of your critical thinking enhances cognitive skills," he explained, offering direct advice to the MIT study participants: "Apply critical thinking." 'I'm not exactly sure what people are using it for that would cause you to not have to think, but you have to think. When I'm interacting with AI, it's a questioning system. You're asking it questions. In order to formulate good questions, you have to be thinking. You have to be analytical. You have to be reasoning yourself,' Huang further said. 'I think that process of critiquing, criticising, the answers, you know, critical thinking enhances cognitive skills. And so to all the people who were taking those tests, I would advise that they apply critical thinking,' he concluded. ALSO READ: Cory Mills apartment scandal: Why is the Florida Congressman losing his swanky Washington home? Stressing that AI should be used as a learning tool rather than a replacement for thinking, the Nvidia CEO said, "I'm asking it to teach me many things that I don't know or help me solve problems otherwise I wouldn't be able to solve reasonably or research." Huang further that effective AI interaction requires sophisticated cognitive skills, particularly in formulating quality questions. "As a CEO, I spend most of my time asking questions, and 90% of my instructions are actually, you know, conflated with questions," Huang explained. "When I'm interacting with AI, it's a questioning system. You're asking a question, so I think that in order to formulate good questions, you have to be thinking, have to be analytical, reasoning yourself."
