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 (NASDAQ: SLNH) continues to demonstrate robust growth despite challenging market conditions, including an 18% drop in average BTC prices in December. The company's revenue increased monthly, contributing to a yearly cash margin run-rate of $25.65 million. The hashrate is expected to scale to 1 EH/s by March 2022, with a target of energizing 100 MW at sub 2.5 cents per kWh. Revenue for December reached $3,243K, adding to an annualized revenue of $32,068K.
Soluna Holdings, Inc. (NASDAQ: SLNH) announced a master equipment financing agreement with NYDIG ABL LLC, securing approximately $14.4 million to enhance its cryptocurrency mining operations. This financing will allow Soluna's subsidiary, Soluna MC Borrowing, to purchase 110 PH/s of Bitmain S19 equipment, expected between February and June 2022. With an interest rate of 12-14%, the loans will be repaid over 15-60 months. CEO Michael Toporek emphasized that this non-dilutive capital supports scaling operations and diversifying into batchable computing applications beyond cryptocurrency.
Soluna Holdings, Inc. (NASDAQ: SLNH) has declared a dividend for its 9.0% Series A Cumulative Perpetual Preferred Stock. The monthly cash dividend for January 2022 will be $0.1875 per share for 806,585 shares, $0.20625 per share for 445,714 shares issued on December 28, 2021, and $0.1625 per share for 66,857 shares issued on January 5, 2022. The payment date is set for January 31, 2022, for shareholders on record as of January 17, 2022. This reflects Soluna's strategy to deliver value to its shareholders while supporting its renewable energy-powered cryptocurrency mining operations.
Soluna Holdings, Inc. (Nasdaq: SLNH) has secured a multi-year contract with the U.S. Air Force (USAF) worth over $10 million. This contract, extending over five years, continues the 24-year partnership between Soluna's MTI Instruments division and the USAF. The contract focuses on supplying the PBS turbo fan jet engine vibration analysis and balancing solution essential for aircraft readiness and safety. President Moshe Binyamin highlighted the significance of this repeat order, emphasizing Soluna's commitment to quality and reliability as a trusted provider to the military.
Soluna Holdings, Inc. (NASDAQ: SLNH) has successfully completed an over-allotment offering, issuing an additional 66,857 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock at $17.50 per share, generating approximately $1.17 million in gross proceeds. The funds will be utilized for the acquisition and expansion of data centers, supporting cryptocurrency mining and related infrastructure. The first dividend on these shares is set for January 31, 2022. The Series A Preferred Stock is listed under the symbol SLNHP and is non-redeemable until August 23, 2026.
Soluna Holdings, Inc. (NASDAQ: SLNH) announced the successful closing of its public offering of 445,714 shares of 9.0% Series A Cumulative Perpetual Preferred Stock at $17.50 per share, raising $7.8 million in gross proceeds. This offering is a re-opening of the original issuance from August 23, 2021. Proceeds will be allocated towards data center acquisition and development, including cryptocurrency mining and general corporate purposes. The first dividend will be paid on January 31, 2022. The shares trade under the symbol 'SLNHP'.
Soluna Holdings, Inc. (NASDAQ: SLNH) has announced the pricing of its underwritten public offering of 445,714 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock at $17.50 per share, expected to close on December 28, 2021. The offering will generate approximately $7.8 million in gross proceeds. The Series A Preferred Stock has been approved for listing on Nasdaq under the symbol 'SLNHP'. Proceeds will be used for acquiring and developing data centers for cryptocurrency mining and general corporate purposes.
Soluna Holdings, Inc. (Nasdaq: SLNH) announced plans for an underwritten public offering of its Series A Preferred Stock. The company may issue up to 15% additional shares to the underwriter for over-allotments. Proceeds will be directed towards expanding data centers, acquiring cryptocurrency mining processors, and other general corporate purposes. The offering is contingent on market conditions, and further details will be provided through a prospectus supplement filed with the SEC.
Soluna Holdings, Inc. (Nasdaq: SLNH) has entered a non-binding letter of intent for the potential sale of its MTI Instruments subsidiary to a strategic buyer in the test and measurement sector. CEO Michael Toporek emphasized their commitment to focus on green computing and cryptocurrency mining. The sale, if finalized, will allow Soluna to exit the instrumentation business. The buyer intends to acquire 100% of MTI's common stock, and the deal is subject to due diligence and definitive agreements. Soluna aims to enhance its green, zero-carbon computing initiatives.
Soluna Holdings, Inc. (Nasdaq: SLNH) has announced its MTI Instruments division is advancing toward qualification for its electric vehicle (EV) battery measurement device with major automotive manufacturers. President Moshe Binyamin reported significant traction in the EV market, with an additional order received from a European carmaker. The precision measurement system addresses critical thickness monitoring in battery manufacturing, crucial for optimizing performance and reducing costs. MTI is currently engaged with five OEMs, reflecting strong interest and a large market opportunity in the EV sector.