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Seeking Alpha 2022-04-11 12:40:58

Soluna to sell MTI Instruments to Vitrek for $10.75M

Soluna (NASDAQ:SLNH) said Monday it will sell its unit MTI Instruments to Vitrek for $10.75M. Vitrek manufactures safety and electrical test equipment for various industries including electronic, automotive, aerospace and military industries, among others. After this sale, SLNH will be solely focused on developing and monetizing green, zero-carbon computing and cryptocurrency mining facilities. "The added liquidity helps further accelerate our mining buildout and additional return on invested capital," said SLNH CEO Michael Toporek.

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