Soluna Holdings has announced the resignation of its Chief Financial Officer and Treasurer, John Tunison, effective August 21. The company reports that Tunison is leaving to take a similar role at a privately held company. Soluna develops data centers designed for high-intensity computing applications, including Bitcoin mining and artificial intelligence workloads.
During his tenure, Tunison oversaw more than $90 million in project and corporate financing rounds, managed agreements with convertible noteholders, and amended terms with Series B Preferred Stockholders. Soluna states that he completed the final conversion and payoff of outstanding convertible notes and played a part in achieving 80.5 percent revenue growth in 2024, reaching $38 million.
Soluna reports that David Michaels, who has previously served as interim CFO in 2023 and is a longtime board member, will now resume the role of Interim CFO and Treasurer. Michaels brings over 30 years of financial leadership experience with prior roles at Albany International, the American Institute for Economic Research, and Starfire Systems.
According to Soluna, Tunison’s resignation did not stem from any disagreements regarding the company’s practices, policies, accounting, or financial reporting.
Source: Soluna Holdings
