Soluna Holdings, Inc. - SLNH STOCK NEWS

Soluna Holdings (NASDAQ: SLNH), a developer of green data centers, reported a significant financial turnaround in Q1 2024. Revenue surged 307% year-over-year to $12.6 million, with a marked 24% increase from Q4 2023. Adjusted EBITDA improved by $8.0 million, reaching $5.1 million. Cryptocurrency mining revenue grew by $3.6 million, driven by a 134% rise in Bitcoin prices. Data Hosting Revenue increased by $5.0 million due to new projects. Operating Income turned positive at $0.407M, accompanied by a 32% increase in cash reserves to $8.4 million. The company also announced new AI Cloud services and CFO appointment. These results underscore the effectiveness of Soluna's diversification and optimization strategies.

Soluna Holdings, a green data center developer, collaborates with a leading enterprise GPU-Server and AI infrastructure provider to launch Soluna Cloud, offering sustainable AI Cloud services. The partnership aims to deliver NVIDIA H100 GPUs for energy-efficient supercomputers, leveraging renewable-powered data centers for environmental sustainability. Soluna's CEO, John Belizaire, expresses excitement over the collaboration, highlighting the focus on making AI more sustainable and addressing the growing demand for sustainable data centers. The introduction of AI Cloud services is expected to drive substantial revenue growth for Soluna Cloud, with a growing pipeline of interested AI customers.

Soluna Holdings, Inc. provided updates on its April project site-level operations, developments, and corporate highlights. Key metrics and company updates were shared, including optimizations for post-halving, AI power demand management, new CFO appointment, and involvement in sustainability discussions. Key project updates for various sites were also highlighted.

Soluna Holdings, Inc. to participate in Water Tower Research Fireside Chat Series on April 23, 2024, discussing 4Q results, Bitcoin halving impact, and AI expansion.

Soluna Holdings, Inc. (SLNH) updates on March project site operations, financial results, AI ventures, and patent awards. Key highlights include strong Q4 financial results, AI hosting deployment, and energy efficiency improvements.

Soluna Holdings, Inc. (SLNH) appoints John Tunison as Chief Financial Officer, bringing over 25 years of experience in finance and energy sectors. Tunison will focus on strategy and capital allocation for data centers powered by renewable energy. His background includes leadership roles in global energy companies.

Soluna Holdings, Inc. (SLNH) reports a successful year with record revenue, gross profit, and positive EBITDA for the fourth quarter of 2023. The company's business model diversification led to a 75% revenue increase, with Project Dorothy driving growth. Despite a 26% revenue decrease for the full year 2023 compared to 2022, cost efficiencies and strategic realignment improved profitability. Soluna's focus on green data centers and AI positions it well for future growth.

Soluna Holdings, Inc. (NASDAQ: SLNH) completes GPU installation for AI market partnership with a GPU startup, Project Sophie. The pilot customer selects Project Sophie for AI hosting, highlighting Soluna's focus on sustainability and scalability.

Soluna Holdings, Inc. announces the clearance of the modeling phase for its 50 MW data center in Texas, marking a significant step towards finalizing financing and bidding process. The project includes a Bitcoin hosting expansion and a new AI data center, showcasing a compelling financial profile with potential for significant revenue generation.