Soluna Holdings, Inc. - SLNH STOCK NEWS

Soluna Holdings, Inc. (NASDAQ: SLNH) announced a monthly cash dividend of $0.1875 per share on its Series A Cumulative Perpetual Preferred Stock, reflecting a 9.0% annual rate. This dividend is payable on April 30, 2022, to shareholders on record as of April 17, 2022. Soluna is a leader in green data centers that utilize excess renewable energy for cryptocurrency mining and other computational needs.

Soluna Holdings, Inc. (NASDAQ: SLNH) reported a significant increase in crypto mining revenue, achieving $10.9 million in 2021, up from less than $1 million in 2020. The company also raised over $60 million in capital and had $10.3 million in cash at year-end. Soluna is on track to enhance its hash rate to 1.261 EH/s by June 30, 2022, with expectations to reach 3 EH/s later this year. The CEO expressed confidence in continued growth, aiming for first-quarter revenue to be 80%-90% of 2021's total.

Soluna Holdings, Inc. (NASDAQ: SLNH), a leader in green data centers for cryptocurrency mining, announced its upcoming presentation at the Ladenburg Thalmann Virtual Special Crypto Expo on March 24, 2022, at 2:00 PM ET. CEO Michael Toporek will present to institutional investors. The expo aims to connect select management teams from public and private crypto mining firms with investors, featuring virtual meetings. Soluna focuses on converting excess renewable energy into computing resources, addressing energy waste while promoting sustainable technology.

Soluna Holdings, Inc. (NASDAQ: SLNH), a leader in developing green data centers for cryptocurrency mining, will present at the Ladenburg Thalmann Virtual Special Crypto Expo on Thursday, March 24, 2022, at 2:00 PM ET. CEO Michael Toporek will discuss the Company's innovative solutions leveraging excess renewable energy for computing resources. The Expo features presentations from select crypto and blockchain companies, catering to institutional investors. Interested participants can register and request one-on-one meetings through the Expo's website.

Soluna Holdings, Inc. (NASDAQ: SLNH) announced a 16% increase in February 2022 BTC equivalent generated per day, reaffirming its goal to reach 1 EH/s hashing capacity by the end of March 2022. As of March 12, 2022, the company has installed 815 PH/s and expects to grow its proprietary hashrate by over 36% in the second quarter. Soluna is focusing on becoming a leading curtailment solutions provider in the renewable energy sector. Revenue for February 2022 was reported at $3,077,000, reflecting a robust business pipeline.

Soluna Holdings, Inc. (NASDAQ: SLNH) announced a second tranche of debt financing worth $2.4 million to support its growth in green data centers for cryptocurrency mining. The company plans to release its February site-level financials on March 15, 2022, and aims to achieve a hashrate of 1 EH/s by the end of March and 3 EH/s by Q4 2022. The financing proceeds will be utilized for site development, operational expenses, and technological advancements. The first tranche, issued earlier, amounted to $7.5 million, part of a larger $20 million financing plan.

Soluna Holdings, Inc. (NASDAQ: SLNH) announced a monthly cash dividend for its 9.0% Series A Cumulative Perpetual Preferred Stock. Shareholders will receive $0.1875 per share, payable on March 31, 2022, to those on record as of March 17, 2022. The Series A Preferred Stock trades under the symbol 'SLNHP'. This dividend reflects the company’s commitment to returning value to shareholders while operating sustainable renewable energy-powered data centers.

Soluna Holdings, Inc. (NASDAQ: SLNH) announced a debt financing initiative on February 22, 2022, totaling $20 million. The first tranche of $7.5 million has been issued, with plans for a second tranche of $2.5 million and a third of $10 million. The funds will support the development of green data centers for cryptocurrency mining and general business operations. The notes carry a 2% interest rate, maturing in February 2027. This financing aims to minimize dilution for equity holders while fostering growth.

Soluna Holdings, Inc. (NASDAQ: SLNH) reported its January site-level financials, highlighting a consistent revenue and earnings growth trajectory. The company aims to achieve a hashrate of 1 EH/s by the end of March 2022 and over 3 EH/s by Q4 2022. In January, BTC Equivalent mined saw an 11% month-on-month increase, despite a 17% drop in BTC price. Pre-construction for the flagship Dorothy Project is complete, with a target to ramp capacity to over 150 MW. Revenue for January 2022 was reported at $3.238 million, with an annualized revenue projection of approximately $38.856 million.