Welcome to our dedicated page for SOLUNA HOLDINGS news (Ticker: SLNH), a resource for investors and traders seeking the latest updates and insights on SOLUNA HOLDINGS stock.
Soluna Holdings, Inc. (Nasdaq: SLNH) is a developer of renewable-powered data centers for intensive computing applications, including Bitcoin mining, Generative AI, and high-performance computing (HPC). The SLNH news feed on Stock Titan highlights how the company advances its Renewable Computing™ model by pairing modular data centers with wind, solar, and hydroelectric power plants.
Investors and observers following SLNH news can see regular updates on Soluna’s project portfolio, such as the wind-powered Project Dorothy campus in West Texas, the Project Kati campus in Willacy County, Texas, and the Project Grace AI/HPC pilot. Monthly business updates provide site-level metrics and progress on construction, commissioning, and customer deployments across Bitcoin hosting, proprietary mining, and AI/HPC hosting sites.
Company press releases also cover strategic partnerships and financings. Recent announcements include a Memorandum of Understanding with Siemens for a 2 MW behind-the-meter AI pilot at Project Grace, a co-development MOU with Metrobloks, LLC to build a 100+ MW AI and HPC data center at Project Kati 2, and hosting agreements with digital asset partners such as Canaan Inc., Galaxy Digital, and KULR Technology Group. Capital markets activity, including registered direct offerings and credit facilities, is disclosed through both news releases and corresponding SEC filings.
By tracking SLNH news, readers can follow how Soluna expands its renewable-powered computing footprint, progresses on projects like Dorothy, Kati, Sophie, and Grace, and refines its mix of Bitcoin mining, hosting, AI/HPC services, and demand response offerings. Bookmark this page to monitor new project milestones, partnership announcements, and corporate developments affecting Soluna’s renewable computing business.
Soluna Holdings, Inc. (NASDAQ: SLNH) announced a debt financing initiative on February 22, 2022, totaling $20 million. The first tranche of $7.5 million has been issued, with plans for a second tranche of $2.5 million and a third of $10 million. The funds will support the development of green data centers for cryptocurrency mining and general business operations. The notes carry a 2% interest rate, maturing in February 2027. This financing aims to minimize dilution for equity holders while fostering growth.
Soluna Holdings, Inc. (NASDAQ: SLNH) reported its January site-level financials, highlighting a consistent revenue and earnings growth trajectory. The company aims to achieve a hashrate of 1 EH/s by the end of March 2022 and over 3 EH/s by Q4 2022. In January, BTC Equivalent mined saw an 11% month-on-month increase, despite a 17% drop in BTC price. Pre-construction for the flagship Dorothy Project is complete, with a target to ramp capacity to over 150 MW. Revenue for January 2022 was reported at $3.238 million, with an annualized revenue projection of approximately $38.856 million.
Soluna Holdings (NASDAQ: SLNH) reports a successful ramp-up in its operations, targeting a hashrate of 1 EH/s by the end of March 2022, with plans to exceed 3 EH/s in Q4 2022. January's BTC equivalent mined increased by 11% month-over-month, despite a 17% drop in BTC prices. Revenue for January reached $3,238,000, contributing to an annualized revenue estimate of $38,856,000. The company is also set to break ground on its Dorothy Project, targeting over 150 MW in capacity and enhancing its footprint in the green energy sector.
Soluna Holdings, Inc. (NASDAQ: SLNH) has declared a cash dividend of $0.1875 per share on its 9.0% Series A Cumulative Perpetual Preferred Stock for February 2022. This dividend will be paid on or about February 28, 2022, to shareholders on record by February 17, 2022. The Series A Preferred Stock, trading under the ticker symbol SLNHP, offers an annual dividend rate of 9.0% based on a $25.00 liquidation preference. Soluna focuses on developing green data centers that utilize excess renewable energy for computing resources, supporting cryptocurrency mining and AI applications.
Soluna Holdings, Inc. (NASDAQ: SLNH, SLNHP) will ring the closing bell at Nasdaq on February 1, 2022, at 4:00 PM ET, led by CEO Michael Toporek and John Belizaire of Soluna Computing. This ceremony celebrates the company's successful up-listing to Nasdaq and highlights its growth in the green energy sector for cryptocurrency mining and AI. Soluna's data centers utilize excess renewable energy, aiming to reduce waste and enhance profitability for electricity asset owners. A live stream and replay of the event will be available online.
Soluna Holdings, Inc. (NASDAQ: SLNH, SLNHP) shared its 2022 earnings power illustration, highlighting its focus on profit generation even amidst lower BTC prices. CEO Michael Toporek emphasized the company's growth plan, aiming to energize over 100 MW of new data centers and expand its capacity to 3 EH. With a projected FY22 revenue of $46.1 million at $20,000 BTC, the company anticipates substantial contribution margins across various BTC price scenarios. The long-term strategy also includes diversifying beyond crypto operations.
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) announced a master equipment financing agreement with NYDIG ABL LLC, securing approximately $14.4 million to enhance its cryptocurrency mining operations. This financing will allow Soluna's subsidiary, Soluna MC Borrowing, to purchase 110 PH/s of Bitmain S19 equipment, expected between February and June 2022. With an interest rate of 12-14%, the loans will be repaid over 15-60 months. CEO Michael Toporek emphasized that this non-dilutive capital supports scaling operations and diversifying into batchable computing applications beyond cryptocurrency.
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.