SOLUNA HOLDINGS INC Stock Price, News & Analysis

Soluna Holdings, Inc. (NASDAQ: SLNH) announced a 5 MW hosting contract with Compass Mining at its Project Dorothy data center in Texas. This two-year partnership allows Soluna to provide Bitcoin mining services, leveraging energy from a co-located wind farm, thus monetizing excess wind energy curtailment. In addition to hosting, Soluna will deliver operations and maintenance services for Compass. The partnership highlights Soluna's commitment to sustainable energy solutions in the Bitcoin mining sector. CEO John Belizaire expressed enthusiasm for collaborating with Compass, which is recognized as a leader in the Bitcoin mining industry. The commissioning of hardware for Compass will commence shortly, enhancing the operational capabilities of the Project Dorothy facility.

Soluna Holdings, Inc. (NASDAQ: SLNH) has announced an agreement to extend the maturity of its convertible notes to May 25, 2023. The company is currently negotiating terms for a longer-term extension. CEO Michael Toporek expressed gratitude towards the note holders for their cooperation, emphasizing the importance of this extension for the company’s continued success. The press release indicates that final terms are still being discussed, and further announcements will follow once an agreement is reached. Soluna specializes in developing green data centers, converting excess renewable energy into computing resources for applications like Bitcoin mining, AI, and machine learning.

Soluna Holdings, Inc. (NASDAQ: SLNH) announced that CEO John Belizaire will participate in the Water Tower Research Fireside Chat Series on April 27, 2023, at 1:00 PM ET. This event is open to all investors and will cover key topics such as:

• Updates on Project Dorothy
• The shift from proprietary mining to hosting contracts influenced by recent market trends
• The company's future outlook following the energization of Project Dorothy

Interested investors can register for the event and access a replay afterward. Soluna focuses on developing green data centers that utilize excess renewable energy for various computing applications, including Bitcoin mining.

Soluna Holdings, Inc. (NASDAQ: SLNH) has received final approval from ERCOT to energize Project Dorothy, its 50 MW Bitcoin mining data center in Texas. This marks a significant regulatory step for the company, allowing it to utilize curtailed power from a connected 150 MW wind farm. The project will launch in phases, starting with 25 MW before expanding to a total of 50 MW. CEO Michael Toporek stated that this facility will demonstrate the financial results achievable with low-cost, curtailed power and set the stage for future growth. Project Dorothy aims to become one of the lowest-cost Bitcoin mining facilities in North America, capitalizing on wasted energy and supporting the grid's transition to renewable energy. Soluna is poised for economic expansion with a growing pipeline of green data center projects across the United States.