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 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.
Soluna Holdings, Inc. (Nasdaq: SLNH) announced a significant $1.4 million order from a global industrial manufacturer through its MTI Instruments division. This contract includes a 14-year maintenance and support agreement, providing recurring revenue. The order involves MTI’s Block Gage measurement device, which ensures precision in machining ball pistons for high-power transmissions. The partnership, established since 2008, exemplifies trust and reliability, highlighting MTI's commitment to customer needs and ongoing support for precision measurement solutions.
Soluna Holdings, Inc. (Nasdaq: SLNH) reported strong November 2021 financials, underscoring its commitment to scaling operations in green data centers for cryptocurrency mining. The company aims to exceed 1 EH/s by the end of Q1 2022, projecting a yearly revenue run-rate of over $61 million and a cash contribution margin above $40 million. As of December 9, 2021, its site reported 623 PH/s, anticipating 722 PH/s shortly, with further growth expected. Cash contribution margin run-rate stands at $23.3 million.
Soluna Holdings, Inc. (SLNH) has declared a monthly dividend of 9.0% on its Series A Cumulative Perpetual Preferred Stock, with a payable date of December 31, 2021. Shareholders of record by December 17, 2021, will receive dividends based on a $25.00 liquidation preference. This announcement indicates SHI's commitment to providing returns to investors while focusing on renewable energy-powered cryptocurrency mining.