Alt-JI

$SLNH Robert L. Bugbee taking a ~9.3% stake in @SolunaHoldings is a strong signal. Bugbee has spent decades in shipping, energy, commodities and infrastructure. He has led public tanker companies, worked around capital-intensive energy markets, and understands cycles where assets, power access and timing create asymmetric upside. That background is highly relevant to Soluna. As some of you al ready know, Soluna is no longer just a Bitcoin mining story. The real thesis is energy infrastructure: monetizing stranded or underutilized renewable power and converting it into AI/HPC data center capacity. That is exactly the kind of setup an energy-infrastructure investor can understand early: cheap power, hard assets, massive AI demand, and a market still slow to reprice the pivot. A 13G does not guarantee success, but when someone with Bugbee’s background takes a large position, it suggests the Soluna AI/HPC transformation is starting to attract serious strategic capital. The market may still be looking at the old mining story. Smart money may be looking at the power + AI infrastructure story.