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Soluna Holdings Inc - SLNH STOCK NEWS

Welcome to our dedicated news page for Soluna Holdings (Ticker: SLNH), a resource for investors and traders seeking the latest updates and insights on Soluna Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Soluna Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Soluna Holdings's position in the market.

News
Soluna and Bit Digital Announce Year-Long Hosting Partnership
Rhea-AI Summary
Soluna Holdings, Inc. announces a 4.4 MW hosting contract with Bit Digital at Soluna's Project Sophie in Kentucky. The contract will fill capacity at the data center as the current customer's contract ends in November 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.28%
Tags
partnership
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News
Soluna Achieves Record Low Power Costs Paving the Way for AI Computing at Project Dorothy
Rhea-AI Summary
Soluna Holdings, Inc. provides updates on company and project sites, including record low power costs at Project Dorothy 1 site and plans for high performance computing and AI pilot in Project Dorothy 2. The company is working on designing data centers for AI training workloads and aims to offer purpose-built facilities powered by renewable energy. Soluna has monetized over 4,000 MWh of curtailed energy and is experiencing record low power costs. The company is transitioning 60% of Project Sophie site to new, more profitable customers. Soluna continues to grow its long-term pipeline with over 250 MW added.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.93%
Tags
AI
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News
Soluna Announces Implementation of 1-for-25 Reverse Stock Split
Rhea-AI Summary
Soluna Holdings, Inc. will execute a reverse stock split at a ratio of 1-for-25. The split will reduce the number of shares from approximately 37.3 million to approximately 1.5 million. The reverse stock split is part of the Company’s plan to regain compliance with the $1.00 per share minimum closing price required to maintain listing on NASDAQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2001.39%
Tags
none
News
Soluna Announces 1-for-25 Reverse Stock Split
Rhea-AI Summary
Soluna Holdings, Inc. will execute a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-25. The split will reduce the number of shares from approximately 37.3 million to approximately 1.5 million. The reverse stock split is part of the Company's plan to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on NASDAQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-35.71%
Tags
none
-
News
Soluna to Participate in Water Tower Research Fireside Chat Series
Rhea-AI Summary
Soluna Holdings, Inc. announces participation in the Water Tower Research Fireside Chat Series on October 10, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
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News
Soluna Project Dorothy 1 Reaches Full Capacity of 50 MW, Company hits 2.6 EH/s Hashrate Milestone
Rhea-AI Summary
Soluna Holdings, Inc. provides operational update and achieves curtailed energy consumption. Project Dorothy 1 is fully online with 50 MW capacity. Company achieves first month of positive EBITDA. Significant reductions in SG&A. Monetized 1,286 MWh of curtailed energy. Cash balance expected to be strong. Positive business developments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
Tags
none
News
Soluna Holdings Reports Q2 Results
Rhea-AI Summary
Soluna Holdings, Inc. reported financial results for Q2 2023, showing a stronger balance sheet and improved cash flows. The cash balance increased to $7.5 million compared to $1.1 million in December 2022. The Company is on track to deploy 2 EH/s across all sites by the end of the summer. Project Dorothy 1B is completing construction and has energized more than 11 MW of buildings for the Proprietary Mining Joint Venture. The Company purchased 8,378 machines for a total of 868 PH/s of hashrate at a cost of $11.25 $/TH. The average energy cost is $30/MWh, and the average efficiency is less than 30 J/TH. The combined revenue potential for Project Dorothy 1A, Project Dorothy 1B, and Project Sophie is $37.5 million annually. Project Kati, a new 166 MW data center, is in the development process. The Company's balance sheet and liquidity improved, with a current ratio of 1.4 and working capital of $6.1 million. Total revenue for Q2 2023 decreased by 76% to $2.1 million compared to Q2 2022. Net loss from continuing operations improved to $9.3 million in Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.68%
Tags
none
-
News
Soluna Hits New Heights: Approaches 2 EH/s Milestone in Bitcoin Mining Operations
Rhea-AI Summary
Soluna Holdings, Inc. has made significant progress on its commercialization plan for Project Dorothy and Project Sophie, deploying over 30 MW of equipment and achieving a milestone of 2 EH/s under management. The company has strengthened its cash position and aims to achieve cash flow positive from operations in the second half of 2023. Project Sophie has a revenue potential of $3.21 million annually, while Project Dorothy 1A's revenue potential is projected to reach $16.47 million. Soluna also announced a $14 million Prop-Mining Joint Venture with Navitas Global.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.67%
Tags
none
-
News
Soluna to Participate in Water Tower Research Fireside Chat Series
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
conferences
News
Soluna Secures Nasdaq's Approval for 180-Day Extension to Meet Bid Price Requirement
Rhea-AI Summary
Soluna Holdings, Inc. has received a 180-day extension from Nasdaq to regain compliance with the minimum per share bid price requirement. The company intends to take all necessary measures to comply with the requirement and remain listed on Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
none
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Soluna Holdings Inc

Nasdaq:SLNH

SLNH Rankings

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SLNH Stock Data

4.60M
2.50M
12.14%
5.29%
4.17%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States
Albany