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Soluna Holdings, Inc. - SLNH STOCK NEWS

Welcome to our dedicated page for Soluna Holdings news (Ticker: SLNH), a resource for investors and traders seeking the latest updates and insights on Soluna Holdings stock.

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. has received a 180-day extension from Nasdaq to regain compliance with the minimum per share bid price requirement. The company intends to take all necessary measures to comply with the requirement and remain listed on Nasdaq.
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Soluna Holdings, Inc. has announced a $14 million investment partnership with Navitas Global for its Project Dorothy 1B data center in Texas. Navitas will provide investment capital for the infrastructure build-out and 25 MW of Bitcoin miners in exchange for 49% equity in the project. Soluna will remain the majority owner with 51% equity. This partnership puts the company on track to reach cash flow positive in the second half of 2023.
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FAQ

What is the current stock price of Soluna Holdings (SLNH)?

The current stock price of Soluna Holdings (SLNH) is $2.3 as of December 20, 2024.

What is the market cap of Soluna Holdings (SLNH)?

The market cap of Soluna Holdings (SLNH) is approximately 18.8M.

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.

Soluna Holdings, Inc.

Nasdaq:SLNH

SLNH Rankings

SLNH Stock Data

18.84M
7.15M
27.24%
5.23%
2.86%
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