Fundraising FoxMechanical Technology
NASDAQ: SLNHAlbany, US · Nevada corporation
Find your way into Mechanical Technology
Soluna operates data centers colocated with renewable energy generation sites to serve energy-intensive computing applications including Bitcoin mining and hosting, high-performance computing, and artificial intelligence workloads. The company monetizes its facilities through direct mining operations, third-party hosting contracts, and demand response services to grid operators.
Founders & leadership
KG
Kevin G. LynchExecutiveKevin G. Lynch holds a bachelor's degree in mechanical engineering and has worked as a manufacturing technician at Takeda Pharmaceutical, with prior internship experience in manufacturing and design roles at FC Lighting and Excel Spring & Stamping.
JB
John BelizaireChief Executive Officer
MP
Michael PicchiChief Financial Officer
JL
Jessica L. ThomasChief Accounting Officer
MO
Mary O'ReillyChief People Officer
RC
Ryan CarverChief Development Officer
Board
ME
Matthew E. LipmanBoard director
MT
Michael ToporekBoard director
WP
William P. PhelanBoard director
ER
Edward R. HirshfieldBoard director
DC
David C. MichaelsBoard director
Reported raises · per SEC filings
Form D private placements$37.8M disclosed across 8 of 10 rounds · 2016–2022
▶$85.5KofferedDec 2022 · 1 investors · OtherRule 506(b)
▶$85.5KofferedDec 2022 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- William HazelipDirector
- John BottomleyDirector
- William P. PhelanDirector
- Edward R. HirshfieldDirector
- David C. MichaelsDirector
- Philip PatmanExecutive Officer
- Thomas J. MarusakDirector
- Matthew LipmanDirector
- Michael ToporekExecutive Officer, Director
- John BelizaireExecutive Officer, Director
- Offering amount
- $85.5K
- First sale
- Dec 2022
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$460.2KraisedDec 2022 · 1 investors · OtherRule 506(b)
▶$460.2KraisedDec 2022 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- John BelizaireExecutive Officer, Director
- Thomas J. MarusakDirector
- Edward R. HirshfieldDirector
- William HazelipDirector
- Matthew LipmanDirector
- Philip PatmanExecutive Officer
- David C. MichaelsDirector
- John BottomleyDirector
- William P. PhelanDirector
- Michael ToporekExecutive Officer, Director
- Offering amount
- $460.2K
- Amount sold
- $460.2K
- First sale
- Dec 2022
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$285KraisedNov 2022 · 1 investors · OtherRule 506(b)
▶$285KraisedNov 2022 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- William HazelipDirector
- Michael ToporekExecutive Officer, Director
- William P. PhelanDirector
- John BelizaireExecutive Officer, Director
- John BottomleyDirector
- Philip PatmanExecutive Officer
- Thomas J. MarusakDirector
- David C. MichaelsDirector
- Edward R. HirshfieldDirector
- Matthew LipmanDirector
- Offering amount
- $285K
- Amount sold
- $285K
- First sale
- Oct 2022
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$850KraisedOct 2022 · 1 investors · OtherRule 506(b)
▶$850KraisedOct 2022 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- John BelizaireExecutive Officer, Director
- John BottomleyDirector
- Philip PatmanExecutive Officer
- Thomas J. MarusakDirector
- Edward R. HirshfieldDirector
- Michael ToporekExecutive Officer, Director
- William HazelipDirector
- David C. MichaelsDirector
- Matthew LipmanDirector
- William P. PhelanDirector
- Offering amount
- $850K
- Amount sold
- $850K
- First sale
- Oct 2022
- Incorporated
- Corporation, Nevada
- Federal exemptions
- 06b
▶$5MofferedAug 2022 · 1 investors · ManufacturingRule 506(b)
▶$5MofferedAug 2022 · 1 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- John BottomleyDirector
- Thomas MarusakDirector
- Edward HirshfieldDirector
- David MichaelsDirector
- Michael ToporekExecutive Officer, Director
- John BelizaireDirector
- William PhelanDirector
- William HazelipDirector
- Matthew LipmanDirector
- Jessica L ThomasExecutive Officer
- Offering amount
- $5M
- Sales commissions
- $400K
- Placement agents
- Univest Securities, LLC
- First sale
- Jul 2022
- Incorporated
- Corporation, Nevada, 2021
- Federal exemptions
- 06b
▶$3.5MraisedNov 2021 · 1 investors · ManufacturingRule 506(b)
▶$3.5MraisedNov 2021 · 1 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Michael ToporekExecutive Officer, Director
- John BottomleyDirector
- Moshe BinyaminExecutive Officer
- David C. MichaelsDirector
- Edward R. HirshfieldDirector
- Alykan MadhavjiDirector
- John BelizaireExecutive Officer, Director
- Thomas J. MarusakDirector
- William P. PhelanDirector
- William HazelipDirector
- Jessica L. ThomasExecutive Officer
- Matthew LipmanDirector
- Offering amount
- $3.5M
- Amount sold
- $3.5M
- First sale
- Oct 2021
- Incorporated
- Corporation, Nevada, 2021
- Federal exemptions
- 06b
▶$30MraisedNov 2021 · 1 investors · ManufacturingRule 506(b)
▶$30MraisedNov 2021 · 1 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Edward R. HirshfieldDirector
- Jessica L. ThomasExecutive Officer
- Alykan MadhavjiDirector
- Moshe BinyaminExecutive Officer
- Thomas J. MarusakDirector
- Michael ToporekExecutive Officer, Director
- David MichaelsDirector
- John BelizaireExecutive Officer, Director
- William HazelipDirector
- John BottomleyDirector
- Matthew LipmanDirector
- William P. PhelanDirector
- Offering amount
- $30M
- Amount sold
- $30M
- First sale
- Oct 2021
- Incorporated
- Corporation, Nevada, 2021
- Federal exemptions
- 06b
▶$30KraisedDec 2020 · 1 investors · ManufacturingRule 506(b)
▶$30KraisedDec 2020 · 1 investors · Manufacturing
Rule 506(b)Officers, directors & promoters on the filing
- Jessica L. ThomasExecutive Officer
- Edward R. HirshfieldDirector
- Matthew E. LipmanDirector
- Thomas J. MarusakDirector
- David C. MichaelsDirector
- William P. PhelanDirector
- Michael ToporekExecutive Officer, Director
- Offering amount
- $30K
- Amount sold
- $30K
- First sale
- Dec 2020
- Incorporated
- Corporation, New York
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Mechanical Technology do?
- Soluna operates data centers colocated with renewable energy generation sites to serve energy-intensive computing applications including Bitcoin mining and hosting, high-performance computing, and artificial intelligence workloads. The company monetizes its facilities through direct mining operations, third-party hosting contracts, and demand response services to grid operators.
- How much funding has Mechanical Technology raised?
- Mechanical Technology has disclosed $37.8M raised across 8 of its 10 known rounds.
- Where is Mechanical Technology headquartered?
- Mechanical Technology is headquartered in Albany, US.