Latest news with #SLC
Shafaq News
4 days ago
- Business
- Shafaq News
SLC's Atwan al-Atwani elected new Baghdad governor
Shafaq News – Baghdad On Sunday, the Baghdad Provincial Council elected Atwan al-Atwani, a senior figure in the State of Law Coalition (SLC) and current head of the Parliamentary Finance Committee, as the new governor of the Iraqi capital. The vote followed a close contest between two political heavyweights: al-Atwani, backed by former Prime Minister Nouri al-Maliki's SLC, and Dhulfiqar Thamer al-Fayyad, supported by the Development and Reconstruction Bloc led by current Prime Minister Mohammed Shia al-Sudani. The presidency had cleared the way for the new appointment after President Abdul Latif Rashid approved the retirement of outgoing governor Abdul Mutalib Alawi. This marks the second time Alawi has been retired from the post, following a previous dismissal by the council on July 3, which had briefly led to the appointment of Haidar Mohan as governor.
Shafaq News
5 days ago
- Politics
- Shafaq News
Baghdad Governor race: Al-Sudani's pick faces Al-Maliki's
Shafaq News – Baghdad The Baghdad Provincial Council is set to hold a special session on Sunday to elect a new governor, a political source told Shafaq News. The vote, according to the source, has intensified a growing rivalry between two major political blocs: Prime Minister Mohammed Shia al-Sudani's Development and Reconstruction Coalition and the State of Law coalition (SLC), led by former Prime Minister Nouri al-Maliki. SLC has nominated Atwan al-Atwani, the Head of the Parliamentary Finance Committee, while al-Sudani's bloc is backing Dhulfiqar Thamer al-Fayyadh, a serving member of the Provincial Council. The vote follows the official retirement of the current governor, Abdul-Muttalib Al-Alawi, whose departure was approved by Iraqi President Abdul Latif Rashid on Saturday. This marks the second time Al-Alawi has been removed from office in less than a month. On July 3, the Council previously voted to dismiss him and briefly appointed Haidar Mohan as governor.
Axios
6 days ago
- Axios
Exclusive: SLC leads nation for AI romance
1 in 3 SLC singles in a new Match survey have used AI in their quest for love, per data shared exclusively with Axios. The big picture: Salt Lake tied with Denver for the largest share of respondents who turned to a bot in their dating life — either for direct companionship or help using a dating app. That's according to the nationwide " Singles in America" study, which surveyed over 5,000 people ages 18 to 98 this year. The latest: This is the first year that the dating platform surveyed singles nationwide about using AI for companionship, Michael Kaye, communications director at Match Group, tells Axios. That's because of a surge in AI use in dating (333%) from last year, he adds. By the numbers: 33% of single SLC respondents had "interacted with an AI companion," which Match defines as someone who's chatting with a bot for romantic or emotional intimacy or using AI to help them craft their dating profile or send messages. Between the lines: Although the data doesn't distinguish between deliberately bonding with AI versus seeking its writing help — both are avenues for the artificial to touch the heart. Other users may not know they're crushing on someone for wit, earnestness or vulnerability generated by a machine. The other side: Dating has pitted first impressions against brutal reality since the beginning of time. What we're watching: Whether humans can live up to the expectations set by the bots that helped them get a foot in the door.
Business Wire
22-07-2025
- Business
- Business Wire
Soluna Closes $20M Funding from Spring Lane Capital to Begin Construction on Project Kati 1
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 AI, today announced it has closed its latest round of financing from Spring Lane Capital ('SLC') for a 35 megawatt (MW) expansion of Project Kati in Texas with Project Kati 1. With these funds, Soluna will commence Project Kati 1 construction in Q3 2025, with the goal of achieving initial energization and ramp-up by Q1 2026. 'Spring Lane Capital has walked alongside Soluna on our path to growth since the beginning with an investment in Project Dorothy,' said John Belizaire, CEO of Soluna. 'We expect these funds to fuel the construction of the first 35MW of the 83MW phase of Kati 1, which expands Soluna's Texas fleet for Bitcoin Hosting.' Key details Financial Structure and Equity Ownership: Soluna expects that the $20 million will fully cover the project's funding needs, including working capital. Kati 1 continues the superior waterfall structure and enhanced management and development fees, allowing Soluna to benefit from substantial current income during the construction and operational phases. Construction Timeline: The parties intend to commence Project Kati 1 construction in Q3 2025, with the goal of achieving initial energization and ramp-up by Q1 2026. Capacity and Technology: The new facility is designed to accommodate approximately 12,000 next-generation Bitcoin mining rigs. SLC's Expanded Financial Support: SLC and Soluna previously signed an agreement to extend up to $100M of additional project-level capital for Soluna's growing data center pipeline for Bitcoin and AI, subject to certain conditions precedent. Fund 2 Investment: SLC deployed its capital from its second private equity fund, Spring Lane Capital Fund II, which is twice the size of its initial fund. The fund is lined up to provide up to $4 million in Development Expenditure (DevEx) financing for Soluna's long-lead equipment purchases. Project Approvals: Kati 1 already has all the necessary ERCOT planning approvals. An ERCOT model update will be submitted at least 90 days before energization. 'We continue to invest in and be strategic supporters of Soluna because they continue to take steps toward sustainable high-performance computing and meeting green data center demand,' said Rob Day at Spring Lane Capital. 'We're looking forward to construction getting underway at Project Kati so that Soluna can continue expanding its green computing power.' For more information, visit Soluna's glossary of terms can be found here. 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 can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'confident' and similar statements. Other examples of forward-looking statements may include, but are not limited to, statements of Soluna's plans and objectives, including with respect to use of proceeds from the SLC financing, the development of Project Kati and our expectations with respect to the amount of renewable energy capacity Project Kati will deliver. Soluna may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ('SEC'), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the SEC. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law. 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. About Spring Lane Capital Spring Lane Capital is a private equity firm based in Boston, MA and Montreal, QC focused on providing hybrid project capital for sustainability solutions in the energy, food, water, waste, and transportation industries. The firm's structured financial model seeks to tap into some of the fastest-growing segments of these markets that more traditional forms of project capital cannot access due to their scale and the limitations of existing investment models – the so-called 'Missing Middle'. SLC's pioneering 'Developer U' is a first of its kind effort to build the ecosystem of developers of sustainable infrastructure projects. For more information, please visit
Glasgow Times
22-07-2025
- Business
- Glasgow Times
New nursery could be built on vacant land in Cambuslang
A planning application to construct a child daycare facility and associated parking on land near St Cadoc's Church has been submitted to South Lanarkshire Council (SLC). According to documents, applicant Hollytree Nursery states that this development would allow it to expand its services and 'address the increasing demand for childcare provision in the area'. If given the green light, the new nursery at Langcroft Drive would provide an additional 67 childcare places for children aged zero to five years. READ NEXT: Major supermarket to open new store creating 30 jobs Thirty-two of the places will be SLC-funded and would operate on a different drop-off and pick-up time from the under-threes in the nursery. The design statement notes that the facility would be set across a single storey and would be of a modern design. The development would also feature seven dedicated staff parking spaces as well as four drop-off car parking spaces for parents. Hollytree Nursery further comments that if planning permission is granted, the nursery will create around 15 new jobs for childcare professionals and support staff. A date has not yet been set for a decision to be made. For further information, visit SLC's planning portal HERE.
