Soluna Holdings extends convertible notes maturity to May 25

Soluna Holdings ( NASDAQ: SLNH ) has agreed with the holders of its convertible notes to extend the expiration of the notes to May 25, the company said Tuesday. The move comes as the noteholders negotiate the terms of a longer term extension, of which the company said it will make an announcement when a final deal is reached. “I would like to thank the convertible note holders for cooperatively working to extend the maturity of the loan to assure the continued success of the business,” said Michael Toporek, CEO of Soluna ( SLNH ), the parent company of Soluna Computing, which develops green data centers for bitcoin ( BTC-USD ) mining. SLNH dipped 6.5% to $0.23 on Tuesday, extending its outsized year-to-date drop to 97.2%. More on Soluna Holdings Soluna Holdings: Limited Upside Soluna Holdings CFO Philip Patman Jr. resigns