Brief: Soluna Holdings Unit Entered Hpe Agreement With Hewlett Packard Enterprise Company

Soluna Holdings

24/06/2024 11:18

June 24 (Reuters) - Hewlett Packard Enterprise Co
 HPE.N :
    * SOLUNA HOLDINGS INC: ON JUNE 18, CO'S UNIT ENTERED HPE
AGREEMENT
WITH HEWLETT PACKARD ENTERPRISE COMPANY
    * SOLUNA HOLDINGS INC: HPE TO PROVIDE DATACENTER & CLOUD
SERVICES
FOR AI, SUPERCOMPUTING PROCESSES VIA NVIDIA H100 GPUS TO CLOUDCO
    * SOLUNA HOLDINGS INC: DEAL IN EXCHANGE FOR $34.0 MILLION,
INCLUDING INITIAL PRE-PAYMENT OF $10.3 MILLION TO BE MADE ON OR
BEFORE JUNE 24
    * SOLUNA HOLDINGS INC: HPE AGREEMENT HAS TERM OF 36 MONTHS,
AND
SERVICES THEREUNDER ARE EXPANDABLE UPON AGREEMENT OF PARTIES
    * SOLUNA HOLDINGS INC: CO EXPECTS TO GENERATE $16.0 MILLION-
$26.0
MILLION IN REVENUE PER YEAR FROM ITS CUSTOMERS

Source text for Eikon:  ID:n0001493152-24-024845 
Further company coverage:  HPE.N 

 ((Reuters.Briefs@thomsonreuters.com;))