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. 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 (NASDAQ: SLNH) signed an MOU with Siemens to launch a 2 MW pilot at Project Grace in Texas to validate a behind-the-meter power-and-controls approach for managing rapid GPU-driven power swings from AI and high-performance computing workloads. The pilot will integrate Siemens transformers, switchgear, power converters, ancillary systems, and the SICAM SCADA platform to capture performance data under fast load steps and variable compute demand. The goal is to create a repeatable blueprint for behind-the-meter renewable compute that supports grid stability, energy efficiency, and reduced carbon impact.
Soluna (NASDAQ: SLNH) provided its November 2025 monthly business update covering operations, project progress, and Q3 results. Key financials include 37% sequential revenue growth, gross profit of 28%, and a record $60 million cash balance. Operational capacity rose 64% to 123 MW after the completion and energization of the 48 MW Dorothy 2 expansion. Project-level activity: Dorothy deployments and miner replacements, a completed 3.3 MW KULR deployment at Sophie, Kati construction progress across K1A and K1B, and design work for Kati 2 to host AI/HPC GPUs. Multiple PPAs and REP agreements are being finalized across the pipeline.
Soluna Holdings (NASDAQ: SLNH) closed a registered direct offering on December 8, 2025 raising approximately $32 million gross by selling 18,079,144 common shares (or pre-funded warrants) with accompanying Series C warrants at a purchase price of $1.77 per share.
The Series C warrants are exercisable immediately at $1.65 per share and expire in five years. H.C. Wainwright acted as placement agent. Net proceeds are intended for working capital, project-level equity, and general corporate purposes. Securities were offered under the company’s effective Form S-3 registration statement.
Soluna Holdings (NASDAQ: SLNH) entered definitive agreements for a registered direct offering priced at-the-market under Nasdaq rules to sell 18,079,144 shares of common stock (or pre-funded warrants) and accompanying Series C warrants at a purchase price of $1.77 per share.
The Series C warrants carry a $1.65 exercise price, are exercisable immediately, and expire five years after issuance. H.C. Wainwright & Co. is the exclusive placement agent. Gross proceeds are expected to be approximately $32 million before placement agent fees and offering expenses. Net proceeds will be used for working capital, project-level equity, and general corporate purposes. The offering is expected to close on or about December 5, 2025, subject to customary closing conditions.
Soluna Holdings (NASDAQ: SLNH) and Canaan (NASDAQ: CAN) announced a strategic hosting agreement to deploy 20 MW (~1 EH/s) of Avalon A15 XP Bitcoin miners at Soluna’s Project Dorothy in Briscoe County, Texas, with deployment expected in Q1 2026.
The site primarily uses behind-the-meter wind power with grid backup for high uptime. Soluna said the deal advances its plan to monetize a 2.8 GW+ pipeline of renewable computing projects for Bitcoin mining and AI workloads. Canaan described the arrangement as part of its North American self-mining expansion and highlighted cost and sustainability benefits from wind-powered operations.
Soluna (NASDAQ: SLNH) reported Q3 2025 results with sequential revenue up 37% and total Soluna Digital revenue of $8.415 million. Cash rose by $45 million to $60.5 million. Q3 gross profit margin improved to 28% from 19% in Q2, aided by $0.4 million one-time electricity credits. Adjusted EBITDA was ($6.4M), while adjusted EBITDA excluding special charges was a positive $0.1M. Soluna closed a scalable $100M credit facility (initial draw $12.6M), raised ~$64M gross in Q3, surpassed 4 EH/s hash rate and >1 GW renewable computing pipeline.
Notable items: Spring Lane funding $20M for Project Kati 1, Galaxy to deploy 48 MW at Kati, Dorothy 2 at full capacity, Nasdaq compliance regained, and settlement with NYDIG.
Soluna (NASDAQ: SLNH) completed and fully energized Project Dorothy 2, the 48 MW second phase of its West Texas campus, bringing total energized data center capacity to 123 MW and over 5 EH/s of compute as of November 10, 2025.
Project Dorothy (98 MW site) now runs >3.9 EH/s with >94% uptime, fleet efficiency of 24 J/TH, ~30,000 rigs, and uses ~80,000 MWh annually of otherwise curtailed wind energy at a reported power price of $32.5/MWh. Company says Dorothy campus was delivered on time and on budget and supports expansion toward a 1 GW+ project pipeline including 166 MW Project Kati.
Soluna (NASDAQ: SLNH) provided its November 6, 2025 monthly business update covering project progress, partnerships, and corporate milestones.
Key updates include substantial completion of Phase 3 at Project Dorothy 2 with full-site construction on track for mid-November; continued deployments and fleet upgrades at Dorothy 1A/1B; a 3.3 MW hosting partnership at Project Sophie; substation upgrades completed for Project Kati 1 and Kati 2 (each 83 MW); an MOU to develop Kati 2 for AI/HPC; and a $100M credit facility referenced as accelerating renewable-powered computing.
Soluna (NASDAQ: SLNH) announced the appointment of Agnes Budzyn to its Board of Directors on October 21, 2025. Budzyn brings more than a decade of experience in finance, digital assets, and technology and currently serves as CEO and Managing Partner of Bluedge Ventures.
Her background includes leadership roles at BlackRock and ConsenSys, participation on the London Stock Exchange/FTSE Russell Digital Assets Advisory Committee, and work advising central banks, with a cited role managing over $40 billion in portfolio restructuring. Soluna said the appointment aims to strengthen governance as it scales its Renewable Computing platform.
Canaan (NASDAQ: CAN) released its unaudited September 2025 bitcoin mining update reporting a historic deployed hashrate of 9.30 EH/s and operating hashrate of 7.84 EH/s. The company mined 92 BTC in September and ended the month with a record cryptocurrency treasury of 1,582 BTC and 2,830 ETH. Average all-in power cost was $0.042/kWh and North America miner efficiency improved to 19.7 J/TH. Canaan secured a landmark U.S. purchase order for over 50,000 Avalon A15 Pro miners and announced a 20 MW renewable partnership with Soluna for Q1 2026 deployment.