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Soluna Holdings, Inc. reports developments tied to its renewable-powered data center business and its 9.0% Series A Cumulative Perpetual Preferred Stock, which trades under the symbol SLNHP. Company news includes monthly preferred dividend declarations, site-level operating updates, hosting contracts, project financing, and amendments to convertible notes.
Soluna develops modular data centers that use excess or curtailed renewable energy for computing-intensive applications, including cryptocurrency mining, Bitcoin hosting, AI, and machine learning. Recurring updates reference operating sites and projects such as Project Marie and Project Dorothy, customer hosting relationships, power-cost exposure, and capital needed to build and operate renewable-linked computing infrastructure.
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.