SOLUNA HOLDINGS INC Stock Price, News & Analysis

Soluna Holdings (NASDAQ: SLNH) announced the groundbreaking of Project Kati, its largest green data center facility to date, scheduled for September 18, 2025, in Willacy County, Texas. The facility will be developed in partnership with EDF Renewables, Masdar, and Spring Lane Capital.

Project Kati will be built in two phases, delivering a total of 166 megawatts (MW) of clean computing capacity. Phase one, Kati 1, will provide 83 MW for Bitcoin hosting, with Galaxy securing 48 MW, while Kati 2 will add another 83 MW focused on AI and high-performance computing (HPC) infrastructure. The first phase is expected to come online in early 2026.

Soluna Holdings (NASDAQ: SLNH), a green data center developer for Bitcoin mining and AI, has achieved significant milestones in August 2025. The company has surpassed 1 Gigawatt of renewable-powered computing projects with the addition of Project Gladys (150 MW) and Project Fei (100 MW), marking progress toward their 2.8 GW roadmap.

Key developments include an expanded partnership with Galaxy Digital for a 48 MW deployment at Project Kati 1, bringing the site's total to 83 MW. Construction has begun at Project Kati 1, with site energization expected by December 2025. The company's Q2'25 results showed improved Three-Month Adjusted EBITDA, up $2.3 million since Q3 2024.

Soluna Holdings (NASDAQ: SLNH), a green data center developer, has achieved a significant milestone by surpassing 1 Gigawatt (GW) of clean computing projects in its development pipeline. The company announced two new Texas-based facilities: Project Fei, a 100 MW solar-powered data center co-located with a 240 MW solar farm, and Project Gladys, a 150 MW facility co-located with a 226 MW wind farm.

These projects position Soluna to compete with major tech companies in clean computing capacity. The company's total long-term power pipeline now reaches 2.8 GW, with potential to displace approximately 48 million metric tons of CO₂, equivalent to removing 11 million cars from the road over the assets' lifetime.

Soluna Holdings (NASDAQ: SLNH), a green data center developer for Bitcoin mining and AI, reported Q2 2025 financial results showing continued improvement despite market challenges. The company achieved a steady 19% gross margin and recorded revenue of $6.2 million.

Key developments include securing $20M funding from Spring Lane Capital for Project Kati's first 35 MW phase, expanding hosting deployments with partners like Blockware and Compass Mining, and progressing with Dorothy 2 construction. The company increased its power pipeline to 2.8 GW of long-term clean energy capacity and launched 295 MW of new projects including their first solar-powered data center.

Quarter-end unrestricted cash stood at $9.9 million, up $2.0 million since December 2024. Adjusted EBITDA improved by $0.4 million from Q1 2025, despite a 5% decline in average Hashprice to $51.

Soluna Holdings (NASDAQ: SLNH) has announced a significant expansion of its partnership with Galaxy Digital (NASDAQ/TSX: GLXY) for Bitcoin mining operations. The expanded agreement involves a 48 MW deployment at Project Kati 1 in Texas, bringing the project's total capacity to 83 MW.

Galaxy will relocate its Bitcoin mining operations from their Helios datacenter to Soluna's facility, marking Soluna's largest single-partner deployment to date. The project, which has secured tax abatement approvals, is set to begin construction in August 2025 and is expected to be operational in Q1 2026. This expansion builds upon an existing $5 million loan facility established between the companies in Q1 2025.

Once fully deployed, this expansion will increase Soluna's total operating capacity to 206 MW, reinforcing its position in providing renewable-powered infrastructure for intensive computing applications.

Soluna Holdings (NASDAQ: SLNH), a green data center developer for Bitcoin mining and AI applications, announced the resignation of CFO John Tunison, effective August 21st. David Michaels, a board member with previous interim CFO experience at the company, will serve as interim CFO and Treasurer.

Under Tunison's leadership, the company achieved several key milestones, including securing over $90 million in project financing, reaching agreements with convertible noteholders, amending Series B Preferred Stockholder terms, completing convertible notes conversion, and driving 80.5% revenue growth to $38 million in 2024. The departure is not related to any disputes regarding company practices or financial reporting.

Soluna Holdings (NASDAQ: SLNH), a green data center developer for Bitcoin mining and AI applications, has announced significant progress across multiple projects in July 2025. The company completed Phase 2 construction of Project Dorothy 2 and secured $20 million in funding from Spring Lane Capital for Project Kati 1, a 35 MW wind-powered data center in Texas.

Key developments include reaching full hosting capacity at Dorothy 2 (48 MW), completing a $5 million public offering, and advancing construction plans for Project Kati. The company maintains a robust 2.8 GW development pipeline and continues to expand its Bitcoin hosting and AI infrastructure capabilities across multiple sites, including Projects Dorothy 1A/1B (50 MW combined) and Sophie (25 MW).

Soluna Holdings (NASDAQ: SLNH) has secured a $20 million funding from Spring Lane Capital (SLC) to construct Project Kati 1, a 35-megawatt expansion of its Texas data center operations. The project, set to begin construction in Q3 2025, will accommodate approximately 12,000 next-generation Bitcoin mining rigs with expected energization by Q1 2026.

The funding comes from SLC's Fund II and includes up to $4 million in Development Expenditure financing for long-lead equipment. This investment is part of a larger agreement where SLC could provide up to $100 million in project-level capital for Soluna's data center pipeline, subject to conditions. The project has already received necessary ERCOT planning approvals.