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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. (NASDAQ: SLNH) announced the findings of an independent study by REsurety, concluding that its Project Dorothy data center emits 18% less carbon emissions than traditional data centers and can be up to 40% greener than its cryptocurrency mining peers.
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Soluna Holdings, Inc. (NASDAQ: SLNH) experiences revenue boost from hashprice spike, with a significant increase in Bitcoin transaction fees and appreciation in value. The company has achieved major milestones at its project sites and is making headway on new project developments. Corporate highlights include the completion of Ancillary Services registration, joining ERCOT’s Demand Response program. The upward trajectory in hashprice has been notable, with November and December marking significant increases. The company has also updated its reporting methodology for power and hashrate data. Project updates and metrics for Project Dorothy 1A, 1B, Sophie, Dorothy 2, and Kati are also provided, showcasing the company's progress and future plans.
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Soluna Holdings, Inc. (SLNH) Completes Registration for Ancillary Services, Reports Strong Q3 Results, and Updates Project Sites
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Soluna Holdings, Inc. (SLNH) has reached an agreement with noteholders to facilitate the repayment of the Notes ahead of the maturity date, aiming for less dilutive financing for its growth strategy. The company seeks fresh less-dilutive capital to scale in a shareholder-friendly way and attract new infrastructure investors. The agreement allows for potential new financing options and includes reducing the conversion price of the Notes and the exercise price of the Warrants.
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Soluna Holdings, Inc. (NASDAQ: SLNH) reported a 176% increase in revenue and achieved an EBITDA milestone. The company successfully completed Project Dorothy 1B, leading to operational success and substantial business growth. With the upcoming Project Dorothy 2 and AI initiative, Soluna has a solid foundation for future growth.
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Soluna Holdings appoints Daniel Golding, former head of advanced engineering and data center innovation at Google, to its Advisory Board. The company aims to offer purpose-built facilities powered by renewable energy for AI customers. Soluna plans to upgrade its existing data center with the help of Golding's expertise to address the needs of AI training workloads. The company expects to add more experts in AI, data center development, and renewable energy to its Advisory Board in the future.
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Soluna Holdings, Inc. (NASDAQ: SLNH) has regained compliance with the minimum bid price requirement set forth by Nasdaq. The company demonstrated a closing bid price at or above $1.00 per share for the last 10 consecutive business days.
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Soluna Holdings, Inc. announces a 4.4 MW hosting contract with Bit Digital at Soluna's Project Sophie in Kentucky. The contract will fill capacity at the data center as the current customer's contract ends in November 2023.
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Soluna Holdings, Inc. provides updates on company and project sites, including record low power costs at Project Dorothy 1 site and plans for high performance computing and AI pilot in Project Dorothy 2. The company is working on designing data centers for AI training workloads and aims to offer purpose-built facilities powered by renewable energy. Soluna has monetized over 4,000 MWh of curtailed energy and is experiencing record low power costs. The company is transitioning 60% of Project Sophie site to new, more profitable customers. Soluna continues to grow its long-term pipeline with over 250 MW added.
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Soluna Holdings, Inc. will execute a reverse stock split at a ratio of 1-for-25. The split will reduce the number of shares from approximately 37.3 million to approximately 1.5 million. The reverse stock split is part of the Company’s plan to regain compliance with the $1.00 per share minimum closing price required to maintain listing on NASDAQ.
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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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