Soluna Holdings, Inc. develops green data centers that convert renewable energy into computing power for intensive applications including Bitcoin mining and artificial intelligence. Company news commonly covers customer deployments and hosting partnerships at Project Dorothy, site-level operating updates, renewable-power integration, and expansion of compute capacity across its data-center campuses.
Soluna updates also include completed energy-asset acquisitions, such as the Briscoe Wind Farm, that connect power generation with data-center operations. Other recurring disclosures address capital actions, investor communications, and Nasdaq listing compliance for its SLNH common stock.
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.
Soluna Holdings (NASDAQ: SLNH) announced strong growth in its green data center operations, aiming for 1.26 EH/s by June 30, 2022, with early delivery plans. The Sophie facility has increased its hashrate by over 70% and is expected to improve margins in April. The recent sale of its instruments business will allow reinvestment for a projected 20% to 30% return on capital. In March 2022, revenues reached $3.2 million, highlighting a robust operating momentum as the company focuses solely on cryptocurrency mining and computing.
Soluna Holdings announced the sale of its MTI Instruments subsidiary to Vitrek LLC for $10.75 million. This sale enables Soluna to focus on green computing and cryptocurrency mining operations. The decision is aimed at enhancing liquidity and accelerating the company's development of zero-carbon computing facilities. CEO Michael Toporek highlighted the importance of this transaction in allowing the company to concentrate on its core mission while providing MTI Instruments the opportunity for accelerated growth under Vitrek.
Soluna Holdings, Inc. (NASDAQ: SLNH) announced a monthly cash dividend of $0.1875 per share on its Series A Cumulative Perpetual Preferred Stock, reflecting a 9.0% annual rate. This dividend is payable on April 30, 2022, to shareholders on record as of April 17, 2022. Soluna is a leader in green data centers that utilize excess renewable energy for cryptocurrency mining and other computational needs.
Soluna Holdings, Inc. (NASDAQ: SLNH) reported a significant increase in crypto mining revenue, achieving $10.9 million in 2021, up from less than $1 million in 2020. The company also raised over $60 million in capital and had $10.3 million in cash at year-end. Soluna is on track to enhance its hash rate to 1.261 EH/s by June 30, 2022, with expectations to reach 3 EH/s later this year. The CEO expressed confidence in continued growth, aiming for first-quarter revenue to be 80%-90% of 2021's total.
Soluna Holdings, Inc. (NASDAQ: SLNH), a leader in green data centers for cryptocurrency mining, announced its upcoming presentation at the Ladenburg Thalmann Virtual Special Crypto Expo on March 24, 2022, at 2:00 PM ET. CEO Michael Toporek will present to institutional investors. The expo aims to connect select management teams from public and private crypto mining firms with investors, featuring virtual meetings. Soluna focuses on converting excess renewable energy into computing resources, addressing energy waste while promoting sustainable technology.
Soluna Holdings, Inc. (NASDAQ: SLNH), a leader in developing green data centers for cryptocurrency mining, will present at the Ladenburg Thalmann Virtual Special Crypto Expo on Thursday, March 24, 2022, at 2:00 PM ET. CEO Michael Toporek will discuss the Company's innovative solutions leveraging excess renewable energy for computing resources. The Expo features presentations from select crypto and blockchain companies, catering to institutional investors. Interested participants can register and request one-on-one meetings through the Expo's website.
Soluna Holdings, Inc. (NASDAQ: SLNH) announced a 16% increase in February 2022 BTC equivalent generated per day, reaffirming its goal to reach 1 EH/s hashing capacity by the end of March 2022. As of March 12, 2022, the company has installed 815 PH/s and expects to grow its proprietary hashrate by over 36% in the second quarter. Soluna is focusing on becoming a leading curtailment solutions provider in the renewable energy sector. Revenue for February 2022 was reported at $3,077,000, reflecting a robust business pipeline.
Soluna Holdings, Inc. (NASDAQ: SLNH) announced a second tranche of debt financing worth $2.4 million to support its growth in green data centers for cryptocurrency mining. The company plans to release its February site-level financials on March 15, 2022, and aims to achieve a hashrate of 1 EH/s by the end of March and 3 EH/s by Q4 2022. The financing proceeds will be utilized for site development, operational expenses, and technological advancements. The first tranche, issued earlier, amounted to $7.5 million, part of a larger $20 million financing plan.
Soluna Holdings, Inc. (NASDAQ: SLNH) announced a monthly cash dividend for its 9.0% Series A Cumulative Perpetual Preferred Stock. Shareholders will receive $0.1875 per share, payable on March 31, 2022, to those on record as of March 17, 2022. The Series A Preferred Stock trades under the symbol 'SLNHP'. This dividend reflects the company’s commitment to returning value to shareholders while operating sustainable renewable energy-powered data centers.