Wednesday, August 03, 2022 8:23:12 AM
August 03 2022 - 08:00AM
GlobeNewswire Inc.
via NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for cryptocurrency mining and other intensive computing, has announced the appointment of Phil Patman Jr. as Chief Financial Officer (CFO). As CFO, Patman will spearhead finance and accounting with a specific focus on capital markets and acquisitions for Soluna and its growing pipeline of green data centers co-located with renewable power plants.
Patman brings more than 25 years of experience in finance operations and capital formation for companies engaged in global energy markets. Most recently, Patman served as Vice President and Head of Renewable Fuels M&A and Strategy at Ameresco.
“We are thrilled to bring Phil on as we further build out our leadership team to support our rapid growth,” said Michael Toporek, CEO of Soluna Holdings. “Phil’s decades of experience in global energy markets will accelerate the build out of our robust pipeline as we offer an immediately deployable solution to renewable energy’s biggest problem, wasted energy.”
Patman’s hire follows Soluna’s recent $35 million funding deal with Spring Lane Capital and an engagement with Truist Securities to assist with upcoming green data center project financing.
John Belizaire, CEO of Soluna Computing, commented, “With Phil’s experience across a broad spectrum of disciplines, I’m excited to partner with him to continue our momentum to raise financing for our growing pipeline.”
Patman has held multiple leadership roles in energy investment and financing, including with Ameresco, Inc., Huron Consulting Group, Inc., VAALCO Energy, Inc., Thailand's PTT Exploration and Production Public Company, Limited, AES Corporation, Franklin Templeton Investments, Globeleq Limited, Marathon Oil Corporation and Enron Corp. He holds a law degree from the University of Houston Law Center and he earned a bachelor’s degree from the University of Texas at Austin through its Plan II Honors Program.
Commenting on his appointment, Patman said, “I’m excited to join Soluna’s team in helping to make renewable electricity generation more efficient, and I share its principles of high-quality project execution and capital discipline.”
Patman begins on August 16th and will report to Michael Toporek, CEO of Soluna Holdings, replacing Jessica Thomas as Chief Financial Officer. Thomas will remain an employee of the company during the transition period.
“Jessica and I worked closely to build out the company and transition its focus from a legacy instruments business to a pure-play renewable computing™ company. The entire Soluna team including our board is grateful to Jessica for her commitment and hard work at MTI and Soluna,” said Michael Toporek, CEO of Soluna Holdings.
Recent SLNH News
- Soluna Signs Term Sheet with Renewable Energy Leader for New Data Center Project • Business Wire • 09/16/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 09/11/2024 12:00:00 PM
- Soluna Secures New $25M Growth Capital Line • Business Wire • 09/09/2024 12:00:00 PM
- Soluna Breaks Ground on Project Dorothy 2, its Flagship Sustainable Data Center in Texas • Business Wire • 08/29/2024 12:00:00 PM
- Soluna to Participate in Water Tower Research Fireside Chat Series • Business Wire • 08/26/2024 12:00:00 PM
- Soluna Holdings Reports Strong Adjusted EBITDA and Q2’24 Results • Business Wire • 08/15/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 08/07/2024 12:00:00 PM
- Soluna Announces Sustainable AI Soluna Cloud Supported by Hewlett Packard Enterprise • Business Wire • 07/30/2024 12:00:00 PM
- Soluna Closes $30M Funding from Spring Lane Capital for Project Dorothy 2 • Business Wire • 07/24/2024 12:00:00 PM
- Soluna Cloud Expands Funding for AI Business to $13.75 Million • Business Wire • 07/17/2024 12:00:00 PM
- Soluna Announces Immediate Availability of Sustainable AI Cloud Services • Business Wire • 07/11/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 07/09/2024 12:00:00 PM
- Soluna Unleashes First Batch of NVIDIA GPUs, Targeting $80 Million Revenue Over Three Years • Business Wire • 06/24/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 06/05/2024 12:00:00 PM
- Soluna to Participate in Water Tower Research Fireside Chat Series • Business Wire • 06/04/2024 12:00:00 PM
- Soluna Holdings’ CEO John Belizaire Shares Roadmap to Profitability in Shareholder Letter • Business Wire • 05/23/2024 12:00:00 PM
- Soluna Signs Power Purchase Agreement with EDF Renewables for Texas Data Center Project • Business Wire • 05/22/2024 12:00:00 PM
- Soluna Secures $30M from Spring Lane Capital to Fuel Project Dorothy 2 • Business Wire • 05/21/2024 12:00:00 PM
- Soluna Holdings Reports Q1’24 Results • Business Wire • 05/16/2024 12:00:00 PM
- Soluna Launches New AI Cloud Service in Collaboration with Leading High Performance Computing Company • Business Wire • 05/08/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 05/06/2024 12:00:00 PM
- Soluna to Participate in Water Tower Research Fireside Chat Series • Business Wire • 04/22/2024 12:00:00 PM
- AI & Technology Hybrid Investor Conference Agenda: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 04/12/2024 02:07:03 PM
- AI & Technology Hybrid Investor Conference Presented by Water Tower Research Agenda Announced for April 10 and 11 • GlobeNewswire Inc. • 04/09/2024 02:26:42 PM
- Soluna Announces Monthly Business Update • Business Wire • 04/08/2024 12:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM