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) operates at the intersection of renewable energy and high-performance computing, specializing in cryptocurrency mining and machine learning processes powered by sustainable resources. This page serves as the definitive source for official company announcements, financial updates, and operational developments.
Investors and industry observers will find curated news covering earnings reports, strategic partnerships, technology innovations, and energy infrastructure expansions. Our collection emphasizes Soluna's unique model of converting excess renewable energy into computational value through advanced data center operations.
All content is organized chronologically highlight SLNH's progress in sustainable computing solutions. Bookmark this page to track how the company navigates evolving markets in cryptocurrency, clean energy integration, and high-efficiency data processing.
Soluna Holdings (NASDAQ: SLNH), a developer of green data centers, reported a significant financial turnaround in Q1 2024. Revenue surged 307% year-over-year to $12.6 million, with a marked 24% increase from Q4 2023. Adjusted EBITDA improved by $8.0 million, reaching $5.1 million. Cryptocurrency mining revenue grew by $3.6 million, driven by a 134% rise in Bitcoin prices. Data Hosting Revenue increased by $5.0 million due to new projects. Operating Income turned positive at $0.407M, accompanied by a 32% increase in cash reserves to $8.4 million. The company also announced new AI Cloud services and CFO appointment. These results underscore the effectiveness of Soluna's diversification and optimization strategies.
Soluna Holdings, a green data center developer, collaborates with a leading enterprise GPU-Server and AI infrastructure provider to launch Soluna Cloud, offering sustainable AI Cloud services. The partnership aims to deliver NVIDIA H100 GPUs for energy-efficient supercomputers, leveraging renewable-powered data centers for environmental sustainability. Soluna's CEO, John Belizaire, expresses excitement over the collaboration, highlighting the focus on making AI more sustainable and addressing the growing demand for sustainable data centers. The introduction of AI Cloud services is expected to drive substantial revenue growth for Soluna Cloud, with a growing pipeline of interested AI customers.
Soluna Holdings, Inc. provided updates on its April project site-level operations, developments, and corporate highlights. Key metrics and company updates were shared, including optimizations for post-halving, AI power demand management, new CFO appointment, and involvement in sustainability discussions. Key project updates for various sites were also highlighted.
FAQ
What is the current stock price of SOLUNA HOLDINGS (SLNH)?
What is the market cap of SOLUNA HOLDINGS (SLNH)?
