Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock - SLNHP STOCK NEWS

Soluna Holdings (NASDAQ: SLNH) reported its June financials, showing resilience despite a 38% decrease in BTC prices. Key highlights include a 2% rise in BTC equivalent mined per day and stable hashrate performance above 1 EH/s. The company achieved 43% cash contribution margins and maintained low power costs, focusing on long-term growth opportunities, including a 2GW pipeline and reduced equipment prices (down 70-80%). Revenue for June was estimated at $2,280,000, while Q1 2022 revenue reached $9,264,000.

Soluna Holdings, Inc. (NASDAQ: SLNH) has hired MZ Group to enhance its investor relations and financial communications. MZ Group, recognized for its expertise, aims to boost Soluna’s visibility among investors. Soluna specializes in green data centers that utilize curtailed renewable energy for cryptocurrency and other computing tasks. CEO Michael Toporek emphasized a strategic expansion beyond cryptocurrency into machine learning and scientific computing, highlighting the partnership with MZ Group as crucial for communicating growth opportunities and delivering long-term shareholder value.

Soluna Holdings, Inc. (NASDAQ: SLNH) declared a monthly cash dividend of $0.1875 per share for its 9.0% Series A Cumulative Perpetual Preferred Stock. This dividend will be paid to shareholders of record as of July 16, 2022, on or about July 31, 2022. Soluna, a leader in green data centers, converts excess renewable energy into computing power, offering solutions for cryptocurrency mining and other applications. The Series A Preferred Stock trades under SLNHP.

Soluna Computing, a subsidiary of Soluna Holdings (SLNH), has engaged Truist Securities to enhance its data center project pipeline. Focused on green data centers, Soluna aims to utilize wasted renewable energy to tackle grid inefficiencies, with commentary on the potential for curtailment reaching up to 30%. CEO John Belizaire emphasized their rapid deployment capabilities, enabling faster project timelines compared to traditional methods like battery storage. The company asserts its role in optimizing renewable energy usage, contributing to the energy transition.

Soluna Holdings, Inc. (NASDAQ: SLNH) reported its May 2022 financials amidst declining Bitcoin prices. The company maintained BTC equivalent mined month-over-month despite a 23% drop in average BTC prices. Key highlights include a 22% increase in average hashrate and significant margin growth supported by low power costs. The Dorothy project is set to energize 20 MW by September, while project Marie aims for a potential restructure of hosting agreements. As of June 4, the company achieved 1.021 EH/s for its Q2 2022 target.

Soluna Holdings, Inc. (NASDAQ: SLNH) announced a monthly cash dividend of $0.1875 per share on its 9.0% Series A Cumulative Perpetual Preferred Stock, payable on June 30, 2022, to shareholders of record by June 19, 2022. This dividend reflects a strong commitment to returning value to shareholders while maintaining a focus on renewable energy through its cryptocurrency mining operations. Soluna’s Series A Preferred Stock trades under the symbol SLNHP, positioned to leverage excess renewable energy for computing resources.

Soluna Holdings, Inc. (Nasdaq: SLNH) announced the closure of an over-allotment offering, which included an additional 73,518 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock (symbol: SLNHP). The offering priced at $17.50 per share generated about $1.29 million in gross proceeds. The net proceeds will be allocated towards data center acquisition, cryptocurrency mining development, and general corporate purposes. The Series A Preferred Stock is perpetual with no maturity and may become redeemable after August 23, 2026, under certain circumstances.

Soluna Holdings, Inc. (NASDAQ: SLNH) reported strong performance for April 2022, marking it as the best month in the company's history. Cash contribution increased by 38% compared to March, while proprietary mining revenue grew by 10% and hashrate by 15%. The company anticipates achieving 1.26 EH/s by June 30 and expects a 61% growth in hashrate for May. Spring Lane's investment further validates Soluna's green infrastructure initiatives, recognized as among the best in the industry. The CEO remains optimistic about sustained margins and growth despite recent market volatility.

Soluna Holdings (NASDAQ: SLNH) has secured $35 million in project financing from Spring Lane Capital, bringing its total funding for green data centers to $100 million. The funds will support the development of three innovative projects that convert wasted renewable energy into computing resources, including bitcoin mining. The first project, named Dorothy, will begin operations later this summer and generate 25-50 skilled jobs. This strategic partnership aims to enhance clean energy utilization while providing a scalable model for green data centers.