SOLUNA HOLDINGS Stock Price, News & Analysis
Company Description
Soluna Holdings, Inc. 9.0% Series A Cumulative Perpetual Preferred Stock (trading on the Nasdaq Stock Market LLC under the symbol SLNHP) represents a class of preferred equity issued by Soluna Holdings, Inc. Soluna Holdings, Inc. (Nasdaq: SLNH), formerly Mechanical Technology, Inc., is described in company communications as a developer of green data centers that convert excess renewable energy into global computing resources. The Series A preferred shares provide investors with exposure to this business while offering a stated dividend rate and priority over common stock in the capital structure.
According to Soluna’s public disclosures, the company, through its subsidiary Soluna Computing, Inc., develops modular, scalable data centers for computing-intensive, batchable applications such as cryptocurrency mining, AI, and machine learning. These facilities are designed to utilize excess or curtailed renewable energy, offering a cost-effective alternative to battery storage or transmission line expansions for clean electricity asset owners. The preferred stock is linked to this operating profile, giving investors a way to participate in the company’s renewable-focused computing strategy through an income-oriented security.
The 9.0% Series A Cumulative Perpetual Preferred Stock has a par value of $0.001 per share and a stated liquidation preference of $25.00 per share, as described in company dividend announcements. Dividends on this preferred series are described as cumulative, meaning that unpaid dividends accrue if they are not declared in a given period. Company announcements state that dividends are intended to be paid monthly in arrears when, as and if declared by the Board of Directors, at an annual rate of 9.0% of the $25.00 liquidation preference per share.
Soluna Holdings, Inc. is incorporated in Nevada, as reflected in its SEC filings, and files reports with the Securities and Exchange Commission under Commission File Number 001-40261. The company positions its green data center projects as a solution for renewable energy generators facing curtailment, highlighting that a significant portion of potential renewable output can otherwise go unused. By building data centers that can flexibly consume power for batch-oriented computing, Soluna seeks to enable clean electricity asset owners to, in its words, “Sell. Every. Megawatt.”
For investors analyzing SLNHP, the preferred stock’s characteristics—cumulative dividends, perpetual term, and listing on Nasdaq—are central features. The security sits alongside Soluna’s common stock (SLNH) in the company’s capital structure and is referenced in multiple current reports on Form 8-K, which identify the 9.0% Series A Cumulative Perpetual Preferred Stock and its Nasdaq trading symbol. These filings also demonstrate that the preferred stock is part of a broader financing framework that includes common equity offerings and other preferred or convertible securities.
Soluna’s business model, as described in its public communications, centers on green data centers co-located with or connected to renewable power projects. The company has discussed projects such as Project Marie in Kentucky and the Dorothy project in Texas, which are data center developments intended for cryptocurrency mining and other intensive computing workloads. While these project references relate to the broader company rather than the preferred stock itself, they provide context for the underlying operations that support the issuer of SLNHP.
Because SLNHP is a preferred equity security rather than common stock, its investment profile focuses on dividend income and priority in distributions, rather than direct participation in residual earnings. Company announcements emphasize that future dividends on the Series A Preferred Stock are payable when, as and if declared by the Board of Directors, underscoring that dividend payments depend on board decisions and applicable corporate and regulatory considerations.
Soluna’s SEC filings referencing the 9.0% Series A Cumulative Perpetual Preferred Stock confirm that SLNHP is listed on the Nasdaq Stock Market LLC and identify the security alongside the company’s common stock. These filings also show that the company continues to engage in capital markets activities, such as at-the-market offerings of common stock and other financing arrangements, which are relevant for understanding the overall capital structure in which SLNHP exists.
Investors researching SLNHP may therefore focus on two main dimensions: the terms of the preferred stock itself (dividend rate, cumulative feature, listing, and liquidation preference) and the operating profile of Soluna Holdings, Inc. as a developer of green data centers for cryptocurrency mining and other batchable computing applications powered by renewable energy. Both aspects are reflected in the company’s press releases and SEC reports, which together provide the primary source material for understanding this preferred stock.
Business context of the issuer
Company descriptions in Soluna’s news releases state that Soluna Holdings, Inc. builds modular, scalable data centers designed for computing-intensive, batchable applications such as cryptocurrency mining, AI, and machine learning. These data centers are intended to use excess renewable energy, offering a cost-effective alternative to other approaches to managing curtailed power. The company emphasizes that its approach is meant to address real-world challenges associated with wasted renewable energy.
Soluna’s projects, including those referenced in its news releases, illustrate how the company aims to pair data center capacity with renewable power sources. For example, the Project Marie site in Kentucky is described as a data center powered by a hydroelectric dam, and the Dorothy project in Texas is described as a 100 MW data center being built in phases. These examples are part of the operational backdrop for the issuer of SLNHP.
Capital markets and governance references
SEC filings referencing the 9.0% Series A Cumulative Perpetual Preferred Stock show that the security is part of the company’s listed securities on Nasdaq. Other filings describe stockholder meetings, reverse stock split approvals, and capital raising activities, such as at-the-market offerings of common stock. While these filings primarily concern the issuer’s broader capital structure and governance, they provide additional context for how SLNHP fits into the company’s overall financing strategy.
Key characteristics of SLNHP based on company disclosures
- Security type: 9.0% Series A Cumulative Perpetual Preferred Stock of Soluna Holdings, Inc.
- Exchange and symbol: Listed on the Nasdaq Stock Market LLC under the symbol SLNHP.
- Dividend feature: Cumulative dividends at an annual rate of 9.0% of the $25.00 liquidation preference per share, payable monthly in arrears when, as and if declared by the Board of Directors.
- Issuer profile: Soluna Holdings, Inc., a developer of green data centers for cryptocurrency mining and other intensive computing, focused on utilizing excess renewable energy.
- Regulatory reporting: The preferred stock is identified in multiple Form 8-K filings, confirming its listing and role in the company’s capital structure.