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Soluna Holdings, Inc. (symbol: SLNH) is a leading U.S.-based company at the forefront of renewable energy-powered data centers. Primarily engaged in cryptocurrency mining, Soluna leverages surplus energy to power its data centers, ensuring an eco-friendly and sustainable approach. The company operates through its subsidiary, focusing on batch-oriented, computing-intensive processes, which include not only cryptocurrency mining but also machine learning applications.
Soluna's innovative model mitigates energy waste by consuming every excess megawatt, making it a low-risk, low-friction solution adaptable for various computational needs. The company's recent achievements include expanding their data centers to support larger computational loads and forming strategic partnerships to enhance their energy efficiency and mining capabilities.
Soluna Holdings' commitment to renewable energy and sustainable operations positions it uniquely in the market, catering to the growing demand for environmentally conscious and technologically advanced solutions. With a robust financial footing and continuous advancements in their technology, Soluna is poised to make significant contributions to the cryptocurrency mining and machine learning industries.
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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.
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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.
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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.
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Soluna Holdings, Inc. (NASDAQ: SLNH) provides updates on its green data center projects, including AI Hosting, energy efficiency improvements, and corporate highlights. Key projects like Project Dorothy and Project Sophie show progress and strategic advancements.
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Soluna Holdings, Inc. (NASDAQ: SLNH) secures a $3 million funding arrangement and the right to raise equity through a warrant reprice and exchange program. The company aims to capitalize on growth opportunities by adjusting its capital formation strategy.
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Soluna Holdings, Inc. (NASDAQ: SLNH) announces a co-location agreement with a GPU startup for AI computing, marking a move towards sustainable AI operations. The partnership aims to provide specialized GPU services for AI computing at Soluna’s modular data center facility in Kentucky, Project Sophie.
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Soluna Holdings, Inc. provided corporate and site updates, including key company metrics, highlights, and project updates. The company achieved a high Net Promoter Score and attended the DealFlow MicroCap Conference. They also provided updates on various ongoing projects, including infrastructure tenders and customer deployments.
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Soluna Holdings, Inc. has reduced its convertible debt by over $4 million and plans to raise capital for a new AI venture. The company achieved major milestones in 2023 and is committed to operational excellence in 2024. It has also tested ancillary services successfully and made progress in various projects. The company's data centers are 18% greener than traditional data centers. Key metrics and project updates are provided, reflecting the company's operational performance.
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Soluna Holdings, Inc. (NASDAQ: SLNH) has announced an 8.8 MW hosting contract with an industry leading Bitcoin miner at its Project Sophie in Kentucky. The 1-year arrangement aims to host S19 and S19 Pros under a profit-sharing arrangement with the customer, further enhancing profitability. Soluna is preparing the site to begin phasing in the customer’s hardware over the next several weeks. CEO John Belizaire expressed excitement about the collaboration with industry leaders, emphasizing a shared vision for Bitcoin's potential to support a low-carbon future.
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Soluna Holdings, Inc. CEO to participate in Water Tower Research Fireside Chat Series to discuss Project Dorothy's environmental impact and potential for renewable power generation. Event open to all investors. Register here: https://us06web.zoom.us/webinar/register/8217049195364/WN_m9xahVIsS2ipsjuzrDGmBQ#/registration
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FAQ
What is the current stock price of SOLUNA HOLDINGS (SLNH)?
The current stock price of SOLUNA HOLDINGS (SLNH) is $1.45 as of February 21, 2025.
What is the market cap of SOLUNA HOLDINGS (SLNH)?
The market cap of SOLUNA HOLDINGS (SLNH) is approximately 15.4M.
What does Soluna Holdings, Inc. do?
Soluna Holdings, Inc. specializes in cryptocurrency mining and machine learning using renewable energy-powered data centers.
How does Soluna Holdings ensure sustainability?
The company uses surplus renewable energy to power its data centers, reducing waste and promoting sustainability.
What industries does Soluna Holdings, Inc. serve?
Soluna serves the cryptocurrency mining and machine learning industries.
What recent achievements has Soluna Holdings made?
Recent achievements include expanding data centers and forming strategic partnerships to enhance efficiency and capacity.
What is Soluna Holdings' stock symbol?
The stock symbol for Soluna Holdings, Inc. is SLNH.
How does Soluna Holdings minimize risks in its operations?
The company deploys low-risk, low-friction solutions by utilizing excess renewable energy for its computational processes.
What is the significance of Soluna Holdings' business model?
Soluna's model reduces energy waste and supports sustainable, eco-friendly data center operations.
Does Soluna Holdings have partnerships?
Yes, Soluna has strategic partnerships aimed at improving energy efficiency and expanding their mining capabilities.
Is Soluna Holdings involved in other computing activities besides mining?
Yes, Soluna also engages in machine learning applications through its data centers.
What type of energy powers Soluna's data centers?
Soluna's data centers are powered by renewable energy sources, using surplus energy to operate.
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