Welcome to our dedicated page for SOLUNA HOLDINGS news (Ticker: SLNHP), a resource for investors and traders seeking the latest updates and insights on SOLUNA HOLDINGS stock.
The news feed for Soluna Holdings, Inc. 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) focuses on announcements and developments that affect this preferred security and its issuer, Soluna Holdings, Inc. Soluna is described in its public communications as a developer of green data centers that convert excess renewable energy into global computing resources, including cryptocurrency mining, AI, and machine learning workloads. News related to SLNHP often appears alongside broader corporate updates from the issuer.
Investors following SLNHP can expect coverage of dividend declarations on the 9.0% Series A Cumulative Perpetual Preferred Stock, including monthly cash dividend announcements and details about record and payment dates as disclosed by the company. These items are central to understanding the income profile of the preferred shares and how the Board of Directors is handling dividend policy for this security.
Because SLNHP is issued by Soluna Holdings, Inc., the news stream also reflects material events at the issuer level that may be relevant to preferred shareholders. This includes financing transactions, such as preferred and convertible securities offerings, amendments to existing notes, and at-the-market common stock offerings, as described in current reports on Form 8-K. Corporate governance items, such as stockholder meeting results and approvals of measures like reverse stock splits, also appear in the company’s news and filings.
Operational updates from Soluna’s green data center business provide additional context for SLNHP holders. Company news has discussed projects such as Project Marie and the Dorothy project, as well as hosting contracts, site-level financials, and development funding. While these updates primarily concern the operating business, they are relevant for assessing the environment in which the issuer of SLNHP operates. Users interested in SLNHP can review this news page regularly to monitor dividend announcements, capital structure changes, and operational milestones reported by Soluna Holdings, Inc.
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.
Soluna Holdings, Inc. (NASDAQ: SLNH) announced a debt financing initiative on February 22, 2022, totaling $20 million. The first tranche of $7.5 million has been issued, with plans for a second tranche of $2.5 million and a third of $10 million. The funds will support the development of green data centers for cryptocurrency mining and general business operations. The notes carry a 2% interest rate, maturing in February 2027. This financing aims to minimize dilution for equity holders while fostering growth.
Soluna Holdings, Inc. (NASDAQ: SLNH) reported its January site-level financials, highlighting a consistent revenue and earnings growth trajectory. The company aims to achieve a hashrate of 1 EH/s by the end of March 2022 and over 3 EH/s by Q4 2022. In January, BTC Equivalent mined saw an 11% month-on-month increase, despite a 17% drop in BTC price. Pre-construction for the flagship Dorothy Project is complete, with a target to ramp capacity to over 150 MW. Revenue for January 2022 was reported at $3.238 million, with an annualized revenue projection of approximately $38.856 million.
Soluna Holdings (NASDAQ: SLNH) reports a successful ramp-up in its operations, targeting a hashrate of 1 EH/s by the end of March 2022, with plans to exceed 3 EH/s in Q4 2022. January's BTC equivalent mined increased by 11% month-over-month, despite a 17% drop in BTC prices. Revenue for January reached $3,238,000, contributing to an annualized revenue estimate of $38,856,000. The company is also set to break ground on its Dorothy Project, targeting over 150 MW in capacity and enhancing its footprint in the green energy sector.
Soluna Holdings, Inc. (NASDAQ: SLNH) has declared a cash dividend of $0.1875 per share on its 9.0% Series A Cumulative Perpetual Preferred Stock for February 2022. This dividend will be paid on or about February 28, 2022, to shareholders on record by February 17, 2022. The Series A Preferred Stock, trading under the ticker symbol SLNHP, offers an annual dividend rate of 9.0% based on a $25.00 liquidation preference. Soluna focuses on developing green data centers that utilize excess renewable energy for computing resources, supporting cryptocurrency mining and AI applications.
Soluna Holdings, Inc. (NASDAQ: SLNH, SLNHP) will ring the closing bell at Nasdaq on February 1, 2022, at 4:00 PM ET, led by CEO Michael Toporek and John Belizaire of Soluna Computing. This ceremony celebrates the company's successful up-listing to Nasdaq and highlights its growth in the green energy sector for cryptocurrency mining and AI. Soluna's data centers utilize excess renewable energy, aiming to reduce waste and enhance profitability for electricity asset owners. A live stream and replay of the event will be available online.
Soluna Holdings, Inc. (NASDAQ: SLNH, SLNHP) shared its 2022 earnings power illustration, highlighting its focus on profit generation even amidst lower BTC prices. CEO Michael Toporek emphasized the company's growth plan, aiming to energize over 100 MW of new data centers and expand its capacity to 3 EH. With a projected FY22 revenue of $46.1 million at $20,000 BTC, the company anticipates substantial contribution margins across various BTC price scenarios. The long-term strategy also includes diversifying beyond crypto operations.