STOCK TITAN

Soluna Holdings, Inc. 8-K Filings

SLNH NASDAQ

Every 8-K that Soluna Holdings, Inc. (SLNH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow SLNH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SLNH filings page.

Rhea-AI Summary

Soluna Holdings, Inc. (SLNH) amended its agreement with Dory Creek, LLC, a wholly owned subsidiary of Bitdeer Technologies Group, for approximately 7 MW of additional Bitcoin mining equipment at Project Kati 1. Bitdeer’s total deployment there will be 35 MW and approximately 2.42 EH/s of hash rate.

The expansion is expected to be complete in November 2026. Project Kati 1 is an 83 MW wind-powered data center in South Texas, and the deployment is in its K1BC phase, which is now fully subscribed. Under the co-mining arrangement, Soluna provides the site, power and turnkey operations; Bitdeer provides and owns its Sealminer A2 Pro Air mining equipment; and the parties share the mining proceeds generated by the deployment. The amendment has the same structure as the original agreement.

Rhea-AI Summary

Soluna Holdings, Inc. (SLNH) disclosed that ERCOT has conditionally classified the 100 MW Project Dorothy campus as Base Load in Batch Zero, preserving its studied interconnection capacity and exempting it from further reliability evaluation or megawatt allocation within that study. This follows a prior conditional Base Load position for the full 166 MW at Project Kati, bringing the conditionally classified Base Load capacity across both Texas campuses to 266 MW. Soluna has also submitted a 50 MW load interconnection request for additional capacity at the Dorothy site, which is being studied directly by the transmission and distribution provider. Project Dorothy is a 100 MW wind-powered campus in Briscoe County, Texas, built behind the meter at the 150 MW Briscoe Wind Farm, and Dorothy 1 and 2 account for 98 MW of energized capacity. Soluna reports total operating capacity of approximately 206 MW and a development pipeline of about 6.3 GW, while participating in ERCOT’s ongoing verification process for the conditional classifications.

Rhea-AI Summary

Soluna Holdings, Inc. (SLNH) reported that Chief Executive Officer John Belizaire will participate in the H.C. Wainwright 28th Annual Global Investment Conference under a Regulation FD communication. The company furnished a press release as Exhibit 99.1 describing his appearance on a panel about digital infrastructure for AI and Bitcoin.

The conference will be held in New York from September 14–16, 2026, and Belizaire is scheduled to join a panel titled “Powering The AI Boom & Bitcoin Network: The Digital Infrastructure Companies Leading the Charge” on September 14, 2026 at 2:00 PM ET. The information furnished is not deemed filed under the Exchange Act.

Rhea-AI Summary

Soluna Holdings, Inc. (SLNH) reports two key milestones at its Project Kati campus in Willacy County, Texas. The company energized the final 14 MW at Project Kati 1, completing the 83 MW first-phase site, and now has total operating capacity of about 206 MW.

ERCOT has conditionally classified the full 166 MW Kati campus as Base Load in its Batch Zero interconnection process, covering both Kati 1 and the planned Kati 2 AI expansion. Soluna also highlights a development pipeline of about 6.3 GW, including more than 650 MW of AI and high-performance computing capacity in development at Kati 2 and Project Dorothy 3.

Rhea-AI Summary

Soluna Holdings, Inc. (SLNH) reported that one of its subsidiaries entered into a co-mining agreement with Dory Creek, LLC, a wholly owned subsidiary of Bitdeer Technologies Group. Under this agreement, Bitdeer will deploy about 28 MW of Bitcoin mining equipment, representing roughly 1.93 EH/s of hash rate, at Soluna’s wind-powered Project Kati 1 data center in South Texas. Deployment is expected to begin in September 2026 and ramp in batches. Project Kati 1 is described as an 83 MW site, contributing to Soluna’s total of 192 MW of operating data center capacity and a development pipeline of 6.3 GW across projects in various stages.

Rhea-AI Summary

Soluna Holdings, Inc. (SLNH) announced that it has closed the purchase of 397 acres in Briscoe County, Texas. The site will host Project Dorothy 3, a planned renewable-first AI computing campus with potential capacity of up to 300 MW.

The newly acquired land sits adjacent to Soluna’s existing Projects Dorothy 1 and 2 and to the 150 MW Briscoe Wind Farm, which the company acquired in April. The wind farm’s substation is directly across from the property, positioning Dorothy 3 for direct, behind-the-meter access to power that Soluna owns.

Soluna states that the 397 acres exceeds the 300 acres originally identified for the campus, giving room to add data halls if additional generation or storage becomes available. Project Dorothy 3 is part of a development pipeline of approximately 6.3 GW, and Soluna currently operates about 192 MW of energized capacity.

Rhea-AI Summary

Soluna Holdings, Inc., a developer of green data centers for Bitcoin mining and AI, reported strong top-line growth but continued losses for the quarter ended June 30, 2026. Q2 2026 revenue was $15,060 thousand, a 145% year-over-year increase, driven mainly by data hosting and new wind energy generation revenue. This marked the company’s fifth consecutive quarter of sequential revenue growth.

Despite the revenue expansion, profitability remained negative. Soluna recorded an operating loss of $16,943 thousand and a net loss attributable to Soluna of $20,709 thousand in Q2, with significant general and administrative expenses and interest costs. EBITDA and Adjusted EBITDA were also negative, though Adjusted EBITDA improved relative to EBITDA after adding back non-cash items such as stock-based compensation.

Operationally, management highlighted a development pipeline of approximately 6.3 gigawatts, including the Dorothy 3 campus at 300 megawatts and 583 megawatts of additional AI-focused sites. Soluna completed vertical integration at its flagship Dorothy 1 project and formed a Kati 2 AI joint venture with Metrobloks. On the balance sheet, cash was $113,364 thousand and total assets were $293,514 thousand as of June 30, 2026, supported by substantial equity and debt financing activity.

Rhea-AI Summary

Soluna Holdings, Inc., a Nevada corporation listed on Nasdaq, uses a current report under Regulation FD to publicly announce that it has published an investor 'Ask Me Anything' (AMA) session on its website. The AMA, posted on August 5, 2026, features management answering investor questions on matters relevant to the company and is available in the 'For Investors' section of its site.

The company states that the AMA information is furnished under the Exchange Act rather than filed, is not subject to Section 18 liability, and will only be incorporated by reference into future Securities Act or Exchange Act reports if those reports expressly state such incorporation.

Rhea-AI Summary

Soluna Holdings, Inc. announced it will release its second quarter 2026 financial results on August 13, 2026 and host a conference call and webcast beginning at 5:00 PM ET to discuss the results. Access details are provided via online registration links, and a replay will be available on the company’s investor relations website.

The company’s common stock and its 9.0% Series A Cumulative Perpetual Preferred Stock trade on The Nasdaq Stock Market LLC under the symbols SLNH and SLNHP. Soluna designs, develops, and operates green data centers co-located with renewable power plants to support compute‑intensive applications including Bitcoin mining and generative AI.

Rhea-AI Summary

Soluna Holdings, Inc. updated the 2026 compensation package for its Chief Executive Officer, John Belizaire. After a review by the Board’s Compensation Committee, informed by a compensation consultant’s benchmarking of market competitiveness and peer groups, the Committee approved an annual base salary of $600,000 for Mr. Belizaire, retroactive to January 1, 2026.

The Committee also set a target annual bonus opportunity equal to 100% of his annual base salary. Any bonus earned will depend on the Committee’s determination of achievement against performance goals it establishes for the applicable performance period.

Rhea-AI Summary

Soluna Holdings, Inc. appointed Ryan Carver as Chief Development Officer, effective immediately. He will be responsible for the full lifecycle of Soluna’s AI/HPC, behind-the-meter, renewable-powered data center platform, from site origination and power procurement through design, construction, commissioning, and ongoing operations, reporting directly to CEO John Belizaire on the Senior Leadership Team.

Carver joins from Microsoft, where he most recently served as Senior Director – AI Construction & Site Development, leading a construction P&L described as in the tens of billions of dollars and overseeing major AI data center campuses, including the Fairwater campus in Mount Pleasant, Wisconsin. The company describes his cross-functional role as integrating development, construction, technology operations, and power into a unified delivery engine as it scales its green data center platform, and includes forward-looking statements about growth plans and the anticipated contributions of the new Chief Development Officer.

Rhea-AI Summary

Soluna Holdings, Inc. provides a June 2026 corporate and project update, highlighting progress across its renewable-powered data center portfolio for Bitcoin mining and AI. The company notes that it has been added to the Russell 3000 Index and Russell 2000 Value Index, which it views as helpful for expanding visibility with index-aware and small-cap institutional investors. Monthly operational metrics are made available through its website.

Operationally, the update details steady performance at the K1A Galaxy 48 MW facility amid increased curtailments during the 4CP period, and continued construction of K1B 35 MW, including substantial completion of a 9 MW phase and ahead-of-schedule work on a 14 MW phase. At Project Kati 2 (350+ MW), a general contractor has been selected, detailed design is about 50% complete, and a signed LOI supports commercial negotiations with a potential tenant. Project Dorothy 3 (300+ MW) advances environmental and design work, while additional projects such as Annie, Fei, Ellen, Hedy, and Rosa progress through ERCOT interconnection and partnership discussions. The company also reports ongoing repairs and second-quarter renewable energy credit sales at the 150 MW Briscoe Wind Farm and schedules its first quarterly earnings conference call for 5:00 pm EDT on August 13, 2026.

Rhea-AI Summary

Soluna Holdings, Inc. has formally eliminated its Series B Convertible Preferred Stock from its capital structure. Earlier in 2026, all 62,500 issued and outstanding Series B preferred shares were converted into 6,510,416 shares of common stock, and accrued dividends of $2.1 million were paid at full conversion.

On June 23, 2026, the company filed a Withdrawal of Designation in Nevada, terminating the Series B preferred designation. The filing became effective immediately, removed the prior Certificate of Designation from the Articles of Incorporation, and confirms that no Series B preferred shares remain outstanding.

Rhea-AI Summary

Soluna Holdings, Inc. filed an amended current report to add detailed financial information for its acquisition of Briscoe Wind Farm, LLC and related pro forma results. The company acquired 100% of Briscoe for total cash consideration of approximately $55.9 million, including settlement of pre-existing obligations.

Briscoe operates a 150 MW wind project in Texas and generated 2025 revenue of $8,950,927 but recorded a net loss of $14,773,838. As part of the transaction, Soluna amended its credit agreement to create a $12.5 million Tranche C loan and issued a pre-funded warrant for 700,000 shares plus common warrants for up to 2,000,000 additional shares.

The unaudited pro forma condensed combined statements treat the acquisition as if it occurred on January 1, 2025. On this basis, combined 2025 revenue would have been $35,081,000 and net loss attributable to Soluna $54,129,000, or $1.82 per basic and diluted share on 29,748,848 weighted-average shares.

Rhea-AI Summary

Soluna Holdings entered a joint venture with a Metrobloks-managed affiliate to develop Project Kati 2, a multi-phase data center campus in Willacy County, Texas. Soluna’s subsidiary manages the venture, holds the Class A interests, and contributed the Phase I property, a Phase II purchase agreement, and about $3.5 million of operating expenses.

Subject to closing the land purchase, Soluna committed roughly $19.0 million to acquire the Phase II property and up to $2.0 million for additional operating costs. After its capital is repaid, plus a 14% IRR and $100,000 per Gross PPA MW of Kati 2, future distributions will be split 50/50 with the Metrobloks member.

A related business update highlights steady operations at Kati 1, completed repairs and hosting deployments at Project Dorothy, progress on AI/HPC projects Kati 2, Dorothy 3, and Grace, and continued integration of the 150 MW Briscoe Wind Farm asset.

Rhea-AI Summary

Soluna Holdings, Inc. completed the acquisition of the remaining 49% equity interest in Project Dorothy 1B for approximately $8.8 million, giving it 100% ownership of the proprietary bitcoin mining project in Silverton, Texas. The deal, executed through subsidiary Soluna Digital, Inc. on May 19, 2026, follows the earlier $53 million purchase of the Briscoe Wind Farm and the $16.5 million acquisition of Project Dorothy 1A.

With Briscoe supplying 150 megawatts of renewable power and full equity control of both D1A and D1B, Soluna now owns the entire 50 MW Project Dorothy 1 campus. The company highlights that this unencumbered ownership is a prerequisite for converting the campus to AI and high‑performance computing workloads and for marketing its next-phase AI development, Dorothy 3. Soluna also notes a development pipeline exceeding 4.3 gigawatts, including more than 1 gigawatt in development, construction, and operations.

Rhea-AI Summary

Soluna Holdings reported strong Q1 2026 revenue growth but significantly higher losses. Total revenue rose to $9.4M, up 58% year-over-year, driven mainly by data hosting revenue of $6.7M, while cryptocurrency mining revenue declined to $2.2M.

The company posted a net loss of $17.9M versus $7.4M a year earlier, as total general and administrative expenses more than doubled to $18.5M, including $10.2M of stock-based compensation. Adjusted EBITDA remained negative at $(2.1)M, slightly worse than $(1.6)M in Q1 2025.

Soluna ended March 31, 2026 with total assets of $190.4M, cash of $68.6M and restricted cash of $17.4M. Management highlighted ongoing growth projects, including Kati 1, Kati 2 AI expansion, and the Dorothy sites, as key drivers for future computing and hosting capacity.

Rhea-AI Summary

Soluna Holdings, Inc. provided an April 2026 business update on its Bitcoin mining and AI-focused data center projects. The company reported continued progress at its Texas sites, including Project Dorothy and Project Kati, which combine hosting services with proprietary Bitcoin prop-mining.

At Project Dorothy 1B, Soluna is consolidating prop mining after signing a hosting agreement with Saz Mining, planning 6 modular data centers (MDCs) for hosting and 16 MDCs for prop mining. Project Kati 1’s K1A Galaxy 48 MW segment operated steadily in April, while construction of the 35 MW K1B phase reached mechanical completion and began power commissioning.

Project Kati 2 and Project Dorothy 3, each targeting 300+ MW for AI and high-performance computing hosting, advanced design, interconnection, land, and tax processes. Customer activity included a 3 MW Bitcoin mining operation with Sazmining at Dorothy 1B and a fourth expansion with Blockware Solutions, taking that relationship above 17 MW of total capacity.

Rhea-AI Summary

Soluna Holdings, Inc. reports that it has regained compliance with Nasdaq’s minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company’s shares maintained a closing bid price of at least $1.00 per share from April 14, 2026, through April 29, 2026, leading Nasdaq to close the matter on April 30, 2026. Soluna states it is now in full compliance with all Nasdaq continued listing requirements, and its common stock continues to trade under the ticker SLNH.

Rhea-AI Summary

Soluna Holdings, Inc. filed a current report describing a new partnership with Sazmining, a Bitcoin Mining as a Service provider. Sazmining will launch its second U.S. mining operation with an initial 3 MW deployment at Soluna’s Project Dorothy 1B facility in West Texas.

Project Dorothy is powered by the 150 MW Briscoe Wind Farm, which Soluna recently acquired as part of its vertical integration strategy combining renewable power and computing infrastructure. Soluna also highlights a planned third phase at the Dorothy campus that it expects could provide up to 300 MW of compute capacity for AI workloads.

Rhea-AI Summary

Soluna Holdings, Inc. furnished an update on its partnership with Blockware, highlighting a new 3.3 MW capacity agreement at its Project Dorothy 1B data center in West Texas. This is Blockware’s first deployment at Dorothy 1B and its fourth expansion with Soluna overall.

With this addition, Blockware’s total deployed capacity across Soluna sites now exceeds 17 MW. Project Dorothy 1B is a 25 MW facility co-located with and powered by the Briscoe Wind Farm, which Soluna recently acquired in a $53 million transaction to support vertically integrated, renewable-powered computing for Bitcoin mining and AI workloads.

Rhea-AI Summary

Soluna Holdings, through its subsidiary Soluna Digital, acquired all membership interests in the Dorothy 1A wind-powered bitcoin data center project in Silverton, Texas. It paid $6.0 million at closing and owes an additional $10.5 million by July 1, 2026.

To help fund the deal, the company entered into a financing with YA II PN, LTD. for an unsecured Promissory Note of up to $12,000,000, maturing on May 15, 2027 at a 5% interest rate, rising to 18% on default. The note requires monthly payments of $1.2 million plus a 5% principal premium and must be partially redeemed if the company completes certain larger financings.

In a related private placement, Soluna issued a warrant to the lender to purchase up to 2,400,000 common shares at $1.06 per share, exercisable immediately for 12 months, subject to a beneficial ownership cap initially set at 4.99%, adjustable up to 9.99%.

Rhea-AI Summary

Soluna Holdings has acquired Spring Lane Capital’s equity interest in Project Dorothy 1A for $16.5 million, giving it 100% ownership of the data center project in Silverton, Texas. The move follows Soluna’s earlier $53 million purchase of the Briscoe Wind Farm, which provides 150 megawatts of owned renewable power.

By fully consolidating Dorothy 1A and Briscoe, Soluna aims to create a vertically integrated AI-focused campus, converting existing infrastructure from primarily Bitcoin mining to AI workloads as Dorothy 3 development advances. The company financed part of the deal with a $12 million unsecured promissory note maturing on May 15, 2027, and continues to pursue full ownership of the broader Dorothy campus while advancing a development pipeline exceeding 4.3 gigawatts across multiple sites.

Rhea-AI Summary

Soluna Holdings, Inc. received a Nasdaq notice that its common stock has closed below $1.00 for 30 consecutive business days, violating the exchange’s minimum bid price requirement for the Nasdaq Capital Market.

The company has 180 calendar days, until October 7, 2026, to regain compliance by maintaining a closing bid of at least $1.00 for ten consecutive business days. The notice does not immediately affect trading, but failure to regain compliance could ultimately lead to delisting, although Soluna could seek an additional 180-day period or appeal a delisting determination.

Rhea-AI Summary

Soluna Holdings, Inc. provides a March 2026 business update highlighting record 2025 growth, a development pipeline above 4.3 GW, a total of $142 million raised, and the launch of AI infrastructure initiatives.

The company reports strong Bitcoin hosting operations at its Project Dorothy sites, substantial completion and commissioning of the 48 MW Kati 1A Galaxy facility, and continued construction of the 35 MW Kati 1B site. It is advancing Project Kati 2 and Project Grace for AI and high-performance computing, including site design, power options, and long-lead equipment procurement. The update also notes broader pipeline progress across multiple U.S. power markets and the appointment of KPMG LLP as new independent auditor for the fiscal year ended December 31, 2026.

Rhea-AI Summary

Soluna Holdings, Inc. entered into a Membership Interest Purchase Agreement under which a subsidiary acquired 100% of Briscoe Wind Farm, LLC, owner of a roughly 149.85 MW wind project in Texas, for an aggregate closing payment of about $53,000,000. The acquisition closed simultaneously with signing on April 1, 2026, and the sellers’ existing credit facility and subordinated notes were fully repaid.

The company also amended its senior secured Credit and Guaranty Agreement, adding a new Tranche C borrower and establishing $12,500,000 of Tranche C loan commitments to finance the Briscoe project. Tranche A and B loans carry SOFR margins of 10.0% per annum and Tranche C carries an 8.0% margin, each with an ABR option at slightly lower margins and a SOFR floor of 3.50%.

In connection with the amendment, Soluna privately issued a pre-funded warrant for up to 700,000 common shares at an exercise price of $0.0001, plus common warrants for up to 1,350,000 shares at $0.68 and 650,000 shares at $0.75. The company agreed under an amended and restated registration rights agreement to register the resale or other disposition of these warrants and the underlying shares, subject to specified filing and effectiveness timelines.

Rhea-AI Summary

Soluna Holdings, Inc. has closed the acquisition of the 150 MW Briscoe Wind Farm in West Texas for a total purchase price of $53.0 million, funded with cash and debt. The deal is expected to be immediately accretive, with projected Year-One Adjusted EBITDA of $6 million to $11 million and annualized revenue of $20.0 million to $24.4 million.

By acquiring the wind farm that powers Project Dorothy, Soluna achieves full vertical integration, owning the power, land, and compute for its green data center campus. This positions the company to advance Dorothy 3, a planned renewable-powered AI campus on 300 new acres with potential capacity of up to 300 MW+.

The company highlights a broader development pipeline exceeding 4.3 GW, including the recently energized 83 MW Project Kati 1 and the planned 300+ MW Project Kati 2 AI campus in partnership with Metrobloks, reinforcing its focus on renewable-powered high-performance computing and generative AI workloads.

Rhea-AI Summary

Soluna Holdings, Inc. changed its external auditor. On March 29, 2026, the company dismissed UHY LLP as its independent registered public accounting firm and the Audit Committee approved this decision, effective the same day.

UHY’s audit reports on the financial statements for the fiscal years ended December 31, 2025 and 2024 contained no adverse opinions, disclaimers, or qualifications, and there were no disagreements or reportable events with UHY during that period. The Audit Committee also approved the appointment of KPMG LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.

Rhea-AI Summary

Soluna Holdings reported full-year 2025 results showing heavy investment-led growth alongside continued losses. Revenue was $29.7 million, down 21.8% from $38.0 million in 2024 as Bitcoin “hashprice” fell 30.8% and coins mined dropped from 274 to 113.2. Net loss was $57.0 million, slightly better than the $58.3 million loss in 2024, while Adjusted EBITDA swung to -$13.2 million from +$0.9 million.

The company raised about $142 million in 2025 and lifted total cash and restricted cash to $88.8 million, a 750% increase, supporting project build-out. Property, plant and equipment grew 58% to $74.8 million as Soluna completed the 48MW Dorothy 2 site, advanced the 83MW Kati 1 facility, and began planning the Kati 2 AI and high‑performance computing campus. Its long-term power pipeline expanded to over 4.3 GW, positioning the business for AI and data hosting growth despite near-term Bitcoin-driven margin pressure.

Rhea-AI Summary

Soluna Holdings released a February 2026 operational update covering Bitcoin mining performance and data center project milestones. Hosted hashrate averaged 3,883 PH/s and self-mining hashrate 760 PH/s, producing 9.5 BTC for the month.

At Project Dorothy, customer deployments and a 6 MW Blockware expansion brought the 50 MW campus back to full capacity. At Project Kati 1, the first 24 MW phase of K1A Galaxy reached substantial completion and steady-state operations, with the next 24 MW scheduled ahead of prior timing in March.

The company is advancing its AI and high‑performance computing strategy through Project Kati 2 and Project Grace, refining procurement for an initial 100 MW of critical IT capacity and engaging prospects interested in 350 MW, while progressing power and land agreements across its broader development pipeline.

Rhea-AI Summary

Soluna Holdings filed a current report describing an expansion of its partnership with Blockware at the Dorothy 1 data center site in west Texas. The companies are adding an additional 6 megawatts of capacity, marking the third expansion of this relationship.

Deployment of the new capacity began in January and is expected to be completed by the end of February. Soluna highlights that repeat expansions with Blockware support its renewable-powered, behind-the-meter computing model focused on Bitcoin mining, AI, and other intensive workloads.

Rhea-AI Summary

Soluna Holdings filed an 8-K to share a January 2026 business update and attach a detailed press release. The company is advancing several renewable-powered computing projects and expanding from Bitcoin-focused hosting into AI and high‑performance computing.

At Project Kati 1 (83 MW under construction), Soluna obtained ERCOT energization approval and began power commissioning for the 24 MW K1A Galaxy Phase 1, targeting completion in February, with additional 12 MW phases aiming to start commissioning in March and April. A new partnership will pilot Cormint’s proprietary container design at K1B, with equipment delivery expected in Q2.

For Project Kati 2, Soluna announced a joint venture with Metrobloks and is engineering a 350 MW Tier 3 AI campus across seven buildings, supported by over 500 acres of additional land. The company launched an RFP to 10 construction management firms and is negotiating with three potential single‑tenants to pre‑lease the full campus. Other updates include a 20 MW fleet upgrade underway at Project Dorothy 1A, winter‑storm‑driven curtailment at certain Bitcoin sites, advancing PPAs and land acquisition in its pipeline, and the planned appointment of Michael Picchi as Chief Financial Officer effective April 1, 2026.

Rhea-AI Summary

Soluna Holdings, Inc. reported that it has received ERCOT approval to begin initial energizing and phased commissioning of its Project Kati 1 data center campus in South Texas. Project Kati 1 is an 83 MW wind-powered Bitcoin mining facility that is expected to increase Soluna’s total capacity by more than 67%.

The project is split into Kati 1A at 48 MW, targeted to be fully ramped by early Q2, and Kati 1B at 35 MW, expected to be completed by the end of Q3 and reaching overall completion in Q4. Kati 1B includes a 12 MW deployment with Cormint using eight modular data center units.

Soluna estimates anticipated annual revenue of $17.3–$19.6 million from Project Kati 1 and projects hashrate capacity of 3.5 EH/s, using wind power from the Las Majadas project to support large-scale Bitcoin mining and other intensive computing workloads.

Rhea-AI Summary

Soluna Holdings, Inc. entered into an Equipment Supply Agreement with Cormint Data Systems, a Texas-based data center infrastructure firm. The agreement supports a planned 12 MW deployment at Soluna’s Project Kati 1 site in Willacy County, Texas. Cormint has previously designed, delivered, and operated more than 130 MW of data center infrastructure, indicating substantial experience in large-scale deployments. The company disclosed this arrangement via a press release furnished under Regulation FD, which is attached as an exhibit and not treated as filed for liability purposes.

Rhea-AI Summary

Soluna Holdings, Inc. reported a planned leadership transition in its finance organization. The company will accept interim CFO and Treasurer David Michaels’ resignation once a new CFO is in place, noting his decision was not due to any disagreement over operations, policies, or practices.

On January 19, 2026, Soluna appointed Michael Picchi as CFO and Treasurer, effective April 1, 2026. He will join on March 9, 2026 as Head of Finance. His offer provides a $375,000 annual base salary, a target annual bonus equal to 50% of base salary, and a contemplated grant of 1,281,850 RSUs subject to time-based vesting. If terminated without cause or if he resigns for good reason, he is eligible for six months of base salary, certain earned bonuses, partial RSU vesting, and up to six months of COBRA premium support, subject to a release of claims.

Rhea-AI Summary

Soluna Holdings, Inc. reported that it signed a Memorandum of Understanding with Metrobloks, LLC, a data center developer and operator focused on AI-ready infrastructure, to enter into a co-development partnership to build Project Kati 2, also referred to as MB MFE-A. The arrangement is described in a press release dated January 15, 2026, which is attached as Exhibit 99.1.

The company states that this information is being provided under Regulation FD and will be treated as “furnished,” not “filed,” meaning it is not subject to certain liability provisions and will only be incorporated into other filings if specifically referenced.

Rhea-AI Summary

Soluna Holdings, Inc. filed a current report to highlight that it issued a new corporate press release on January 13, 2026. The release, attached as Exhibit 99.1, contains previously unreported corporate and operational information that the company also publishes on its website. This information is being furnished under Regulation FD, meaning it is not deemed filed for liability purposes under the Exchange Act and will only be incorporated into other SEC reports if those reports expressly reference it.

Rhea-AI Summary

Soluna Holdings, Inc. reported that it signed a Memorandum of Understanding with Siemens to work on power management for artificial intelligence and high-performance computing workloads. The collaboration focuses on deploying and validating a behind-the-meter power-and-controls approach designed to handle rapid, GPU-driven swings in power demand when these workloads run directly on renewable energy sources. The arrangement is described in a press release dated January 8, 2026, which is attached as an exhibit and incorporated by reference.

Rhea-AI Summary

Soluna Holdings, Inc. reported that it has closed a previously announced registered direct offering priced at-the-market under Nasdaq rules. The transaction involves the purchase and sale of 18,079,144 shares of common stock, or pre-funded warrants in lieu of common stock, together with accompanying Series C warrants to purchase up to 18,079,144 additional common shares. The securities were sold at a purchase price of $1.77 per share, or per pre-funded warrant, with each share or pre-funded warrant accompanied by a Series C warrant. The company disclosed this event through a press release dated December 8, 2025, which is furnished as an exhibit.

Rhea-AI Summary

Soluna Holdings, Inc. is raising capital through a registered direct offering of 5,929,944 shares of common stock, pre-funded warrants to purchase up to 12,149,200 shares, and Series C warrants to purchase up to 18,079,144 shares. Each common share and accompanying Series C warrant is priced at $1.77, and the company expects gross proceeds of approximately $32 million before fees and expenses.

The pre-funded warrants are immediately exercisable at $0.001 per share with beneficial ownership capped at 4.99% or, at a holder’s election, 9.99%. The Series C warrants are immediately exercisable at $1.65 per share and expire five years after issuance, with similar ownership caps and cash or cashless exercise mechanics. Soluna plans to use the proceeds for working capital, project-level equity, and general corporate purposes.

H.C. Wainwright & Co. is acting as placement agent, earning a 7.0% cash fee and placement agent warrants for up to 903,957 shares at an exercise price of $2.2125. On the same date, Soluna suspended use of its prior at-the-market offering prospectus and will not sell stock under that ATM program until a new prospectus supplement is filed.

Rhea-AI Summary

Soluna Holdings, Inc. (SLNH) filed a current report to announce that it has released its financial results for the quarter ended September 30, 2025. The company issued a press release detailing these results and made an updated investor presentation available on its investor relations website, both dated November 17, 2025. These materials are included as exhibits to the report and are being furnished rather than filed under securities laws, which limits their use in certain legal contexts.

Rhea-AI Summary

Soluna Holdings (SLNH) announced the completion and full energization of Project Dorothy 2, the 48 MW second phase of its flagship Project Dorothy in West Texas. The update was released via a company press release.

The information was furnished under Item 7.01 (Regulation FD) and, as stated, will not be treated as filed under Section 18 of the Exchange Act. The press release is attached as Exhibit 99.1.

Rhea-AI Summary

Soluna Holdings (SLNH) reported that stockholders approved an amendment to its Articles of Incorporation to increase authorized common stock from 75,000,000 shares to 375,000,000 shares. The Certificate of Amendment was filed in Nevada on November 7, 2025 and became effective immediately.

At the Special Meeting, the Proposal to Increase Authorized Shares passed with 33,582,731 votes For, 4,101,988 Against, and 197,071 Abstain. An Adjournment Proposal also passed with 34,314,908 For, 3,472,230 Against, and 94,652 Abstain. This change expands the number of shares the company may issue in the future but does not by itself issue any shares.

Soluna’s securities listed on Nasdaq include common stock (SLNH) and 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP).

Rhea-AI Summary

Soluna Holdings, Inc. furnished an Item 7.01 Regulation FD update. The company issued a press release on November 6, 2025 containing previously unreported corporate and operational information that it regularly posts on its website, which is attached as Exhibit 99.1.

The information under Item 7.01 and Exhibit 99.1 will not be treated as filed for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into other filings unless expressly stated.

Rhea-AI Summary

Soluna Holdings (SLNH) appointed Agnieska Budzyn to its Board of Directors, effective October 15, 2025. As a director, she will receive $7,500 per quarter in cash compensation and was granted 135,000 restricted stock awards that vest over three years, with the first third vesting on September 1, 2026.

The company also announced, via press release, her appointment and published an investor Ask Me Anything session on October 21, 2025. The press release and AMA transcript were furnished as Exhibits 99.1 and 99.2.

Rhea-AI Summary

Soluna Holdings, Inc. filed an update describing a new hosting partnership with KULR Technology Group, Inc. for 3.3 MW of Bitcoin mining capacity at its Project Sophie facility in Kentucky. The arrangement was announced in a press release dated October 9, 2025, which is included as an exhibit.

The company states that the press release and this disclosure are furnished under Regulation FD and are not considered filed for liability purposes under the Exchange Act, nor are they automatically incorporated into other securities law filings.

Rhea-AI Summary

Soluna Holdings, Inc. filed a current report to let investors know it has released a new press release with corporate and operational information. The company explains that this information is part of updates it regularly posts to its website. The press release is attached as an exhibit and incorporated by reference into the report, but is explicitly designated as “furnished” rather than “filed” under securities laws, which limits how it can be used in certain legal contexts.

Rhea-AI Summary

Soluna Holdings, Inc. reported that it has regained compliance with Nasdaq’s minimum bid price requirement for continued listing on The Nasdaq Capital Market. On October 3, 2025, Nasdaq sent the company a formal written notice confirming that the company now meets the $1.00 minimum bid price standard under Nasdaq Listing Rule 5550(a)(2) and that the matter is closed.

The company had previously been notified that it was out of compliance and had until November 4, 2025 to cure the deficiency. A press release dated October 6, 2025, announcing that compliance was regained on October 2, 2025, is included as an exhibit to this report.

Rhea-AI Summary

Soluna Holdings, Inc. reported that its subsidiaries Soluna MC Borrowing LLC 2021-1 and Soluna MC LLC entered into a Settlement Agreement with NYDIG ABL LLC on September 29, 2025. This agreement fully settles and resolves a previously agreed judgment under which the Soluna parties were jointly and severally liable for $9,182,646.13 plus interest related to NYDIG equipment finance loans. In return for making settlement payments, NYDIG agreed to release Soluna and its affiliates from all claims relating to the loans, although the full judgment can be revived if Soluna misses required payments or other defaults occur.

The company also disclosed that it issued a press release on September 30, 2025 announcing a strategic hosting agreement to deploy 20 megawatts of Avalon A15 XP Bitcoin miners at its Project Dorothy site in Briscoe County, Texas.

Rhea-AI Summary

Soluna Holdings, Inc. filed a prospectus supplement for an at-the-market offering of its common stock with an aggregate offering price of up to $87,650,000. The offering is being made under an existing At the Market Offering Agreement dated April 29, 2025 with H.C. Wainwright & Co., LLC, using a previously filed Form S-3 shelf registration and related ATM prospectus.

The company states that this new supplement must be read together with its prior ATM prospectus documents. Soluna has already sold 13,680,483 shares of common stock for aggregate gross proceeds of approximately $12.3 million under the same Sales Agreement. A legal opinion from Brownstein Hyatt Farber Schreck, LLP regarding the validity of the shares is included as an exhibit.