SOLUNA HOLDINGS INC Stock Price, News & Analysis

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.

Soluna Holdings, Inc. (NASDAQ: SLNH) has announced a cash dividend of $0.1875 per share for its Series A Cumulative Perpetual Preferred Stock, amounting to an annual yield of 9.0%. This dividend is payable on May 31, 2022, to stockholders of record by May 19, 2022. Soluna develops green data centers that utilize excess renewable energy for cryptocurrency mining and other computing applications. With its innovative model, it aims to optimize renewable energy usage and reduce waste, enhancing its competitive advantage in the market.

Soluna Holdings (Nasdaq: SLNH) successfully closed its public offering of 525,714 shares of Series A Cumulative Perpetual Preferred Stock at $17.50 each, raising approximately $9.2 million before expenses. The company also executed a registered direct offering of 1,142,857 shares at the same price, totaling around $29.2 million. Proceeds will be allocated for data center acquisition, cryptocurrency mining infrastructure, and working capital. An additional 78,857 shares may be purchased by underwriters within 45 days to cover over-allotments.

Soluna Holdings, Inc. (SLNH) has announced a public offering of 525,714 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock at a price of $17.50 per share. Concurrently, a registered direct offering of 1,142,857 shares at the same price is also underway. The combined offerings are expected to generate approximately $29 million, with net proceeds aimed at funding data center development, cryptocurrency mining, and general corporate expenses. The offerings are anticipated to close around April 29, 2022, subject to standard conditions.

Soluna Holdings, Inc. (Nasdaq: SLNH) has announced its intention to offer shares of its 9.0% Series A Cumulative Perpetual Preferred Stock in an underwritten public offering and a registered direct offering. The Series A Preferred Stock has a liquidation preference of $25.00 per share and will be traded under the symbol 'SLNHP'. Soluna plans to use the net proceeds for data center development, cryptocurrency mining, and working capital. Univest Securities, LLC is the sole book-running manager for the public offering.

Soluna Holdings, Inc. (NASDAQ: SLNH) announced on April 13, 2022, the completion of a $20 million debt financing as part of its capital strategy. This third tranche follows previous rounds totaling $9.9 million, with the funds aimed at expanding green data centers and cryptocurrency mining capabilities. The promissory notes will mature over five years at a 2% interest rate. CEO Michael Toporek expressed confidence in the company's growth trajectory, which includes the issuance of warrants for 1 million shares at $11.50 each. The financing is expected to drive operational and development objectives.