Soluna Holdings, Inc. develops green data centers for AI, HPC, and Bitcoin, leveraging proximity to renewable energy parks. SLNH has operational projects and a robust pipeline, targeting over 1 GW capacity, supporting expectations for substantial future growth. Given the company's proven execution and high-growth prospects, the current market cap suggests significant upside potential, justifying a buy rating.
Soluna Holdings is rated a BUY, leveraging surplus renewable energy for modular data centers and pivoting toward AI and high-performance compute clients. SLNH has maintained gross margins around 25% and secured $35M in new funding for Texas data center expansions. The company is diversifying away from crypto mining, focusing on AI-driven data center hosting, with Project Dorothy 2 and Project Kati as key growth catalysts.
Soluna Holdings, Inc. (SLNH) came out with a quarterly loss of $0.7 per share versus the Zacks Consensus Estimate of a loss of $0.61. This compares to a loss of $1.29 per share a year ago.