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 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.