Soluna Holdings, Inc. reported that John Belizaire will be promoted to CEO. The company said that Belizaire is one of the founders of Soluna Computing, Inc. prior to its acquisition by Mechanical Technology, Inc. (MTI) and will succeed Michael Toporek as CEO of Soluna Holdings, Inc. The effective date of these changes will be no later than April 30. According to a release, the appointment of Belizaire comes at a pivotal time for the Company as it prepares to energize its project in Texas after securing its strategic round of funding from Spring Lane Capital.

With this transition, the organization will begin to tightly align functions of its Holdings and Operating company to be more efficient on its expected path to profitability post-Dorothy energization.