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) announced a significant $1.4 million order from a global industrial manufacturer through its MTI Instruments division. This contract includes a 14-year maintenance and support agreement, providing recurring revenue. The order involves MTI’s Block Gage measurement device, which ensures precision in machining ball pistons for high-power transmissions. The partnership, established since 2008, exemplifies trust and reliability, highlighting MTI's commitment to customer needs and ongoing support for precision measurement solutions.
Soluna Holdings, Inc. (Nasdaq: SLNH) reported strong November 2021 financials, underscoring its commitment to scaling operations in green data centers for cryptocurrency mining. The company aims to exceed 1 EH/s by the end of Q1 2022, projecting a yearly revenue run-rate of over $61 million and a cash contribution margin above $40 million. As of December 9, 2021, its site reported 623 PH/s, anticipating 722 PH/s shortly, with further growth expected. Cash contribution margin run-rate stands at $23.3 million.
Soluna Holdings, Inc. (SLNH) has declared a monthly dividend of 9.0% on its Series A Cumulative Perpetual Preferred Stock, with a payable date of December 31, 2021. Shareholders of record by December 17, 2021, will receive dividends based on a $25.00 liquidation preference. This announcement indicates SHI's commitment to providing returns to investors while focusing on renewable energy-powered cryptocurrency mining.