Algorhythm Identifies Potential Equity Proceeds Of $7M From Strategic Sale Of Its 100 MW Project In North Carolina; Unit Azure Energy Expects To Begin Marketing The Project And Fully Evaluate Offers Before The End Of 2026
Algorhythm Holdings, Inc. (the "Company") (NASDAQ:RIME) – a diversified holding company and owner of Azure Energy, a renewable power plant developer ("Azure"), and SemiCab Holdings, an AI-enabled
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Why It Matters
Algorhythm owns a solar power plant in North Carolina. The company might sell it for around $7 million in money before the end of 2026.
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