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

Soluna Holdings (NASDAQ: SLNH) continues to demonstrate robust growth despite challenging market conditions, including an 18% drop in average BTC prices in December. The company's revenue increased monthly, contributing to a yearly cash margin run-rate of $25.65 million. The hashrate is expected to scale to 1 EH/s by March 2022, with a target of energizing 100 MW at sub 2.5 cents per kWh. Revenue for December reached $3,243K, adding to an annualized revenue of $32,068K.

Soluna Holdings, Inc. (NASDAQ: SLNH) has declared a dividend for its 9.0% Series A Cumulative Perpetual Preferred Stock. The monthly cash dividend for January 2022 will be $0.1875 per share for 806,585 shares, $0.20625 per share for 445,714 shares issued on December 28, 2021, and $0.1625 per share for 66,857 shares issued on January 5, 2022. The payment date is set for January 31, 2022, for shareholders on record as of January 17, 2022. This reflects Soluna's strategy to deliver value to its shareholders while supporting its renewable energy-powered cryptocurrency mining operations.

Soluna Holdings, Inc. (Nasdaq: SLNH) has secured a multi-year contract with the U.S. Air Force (USAF) worth over $10 million. This contract, extending over five years, continues the 24-year partnership between Soluna's MTI Instruments division and the USAF. The contract focuses on supplying the PBS turbo fan jet engine vibration analysis and balancing solution essential for aircraft readiness and safety. President Moshe Binyamin highlighted the significance of this repeat order, emphasizing Soluna's commitment to quality and reliability as a trusted provider to the military.

Soluna Holdings, Inc. (NASDAQ: SLNH) has successfully completed an over-allotment offering, issuing an additional 66,857 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock at $17.50 per share, generating approximately $1.17 million in gross proceeds. The funds will be utilized for the acquisition and expansion of data centers, supporting cryptocurrency mining and related infrastructure. The first dividend on these shares is set for January 31, 2022. The Series A Preferred Stock is listed under the symbol SLNHP and is non-redeemable until August 23, 2026.

Soluna Holdings, Inc. (NASDAQ: SLNH) announced the successful closing of its public offering of 445,714 shares of 9.0% Series A Cumulative Perpetual Preferred Stock at $17.50 per share, raising $7.8 million in gross proceeds. This offering is a re-opening of the original issuance from August 23, 2021. Proceeds will be allocated towards data center acquisition and development, including cryptocurrency mining and general corporate purposes. The first dividend will be paid on January 31, 2022. The shares trade under the symbol 'SLNHP'.

Soluna Holdings, Inc. (NASDAQ: SLNH) has announced the pricing of its underwritten public offering of 445,714 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock at $17.50 per share, expected to close on December 28, 2021. The offering will generate approximately $7.8 million in gross proceeds. The Series A Preferred Stock has been approved for listing on Nasdaq under the symbol 'SLNHP'. Proceeds will be used for acquiring and developing data centers for cryptocurrency mining and general corporate purposes.

Soluna Holdings, Inc. (Nasdaq: SLNH) announced plans for an underwritten public offering of its Series A Preferred Stock. The company may issue up to 15% additional shares to the underwriter for over-allotments. Proceeds will be directed towards expanding data centers, acquiring cryptocurrency mining processors, and other general corporate purposes. The offering is contingent on market conditions, and further details will be provided through a prospectus supplement filed with the SEC.

Soluna Holdings, Inc. (Nasdaq: SLNH) has entered a non-binding letter of intent for the potential sale of its MTI Instruments subsidiary to a strategic buyer in the test and measurement sector. CEO Michael Toporek emphasized their commitment to focus on green computing and cryptocurrency mining. The sale, if finalized, will allow Soluna to exit the instrumentation business. The buyer intends to acquire 100% of MTI's common stock, and the deal is subject to due diligence and definitive agreements. Soluna aims to enhance its green, zero-carbon computing initiatives.

Soluna Holdings, Inc. (Nasdaq: SLNH) has announced its MTI Instruments division is advancing toward qualification for its electric vehicle (EV) battery measurement device with major automotive manufacturers. President Moshe Binyamin reported significant traction in the EV market, with an additional order received from a European carmaker. The precision measurement system addresses critical thickness monitoring in battery manufacturing, crucial for optimizing performance and reducing costs. MTI is currently engaged with five OEMs, reflecting strong interest and a large market opportunity in the EV sector.