Soluna Holdings Inc. (SLNH)
NASDAQ (CM) NASDAQ (CM) Primary Summary
Soluna Holdings: A Flourishing Green Data Center Business
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: Bridging Renewable Energy And AI Compute Demand
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) Reports Q3 Loss, Lags Revenue Estimates
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.
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Soluna Holdings Inc. Profile
| Automobile Components Industry | Consumer Discretionary Sector | John Belizaire CEO | NASDAQ (CM) Exchange | 583543103 CUSIP |
| US Country | 47 Employees | - Last Dividend | 16 Oct 2023 Last Split | - IPO Date |
Overview
Soluna Holdings, Inc. is a company rooted in the innovative fields of modular data centers and cryptocurrency mining, alongside its engagement in the broader blockchain industry. With its headquarters located in Albany, New York, Soluna Holdings, Inc. focuses on the development and operation of infrastructure critical to the efficient and environmentally responsible mining of cryptocurrencies. As the digital currency market expands, Soluna Holdings, Inc. positions itself at the forefront of supplying the necessary computational power through its modular data centers, embodying a blend of modern technology and strategic operations to support the growth of blockchain technologies.
Products and Services
- Modular Data Centers
Designed to offer a flexible, scalable, and efficient solution for cryptocurrency mining operations, Soluna Holdings, Inc.'s modular data centers are at the heart of its product lineup. These centers capitalize on modular construction, allowing for rapid deployment and expansion to meet the dynamic needs of the cryptocurrency market. They are engineered to ensure high-efficiency power usage, a critical factor in the profitability of mining operations.
- Cryptocurrency Mining
Another key service provided by Soluna Holdings, Inc. is cryptocurrency mining. Through its advanced data centers, the company offers mining services that leverage the latest technologies in ASIC (Application-Specific Integrated Circuit) and GPU (Graphics Processing Unit) miners. This service is designed to optimize the mining of various cryptocurrencies, providing a turnkey solution for investors and companies looking to enter or expand in the cryptocurrency mining sector without the need to manage the complexities and logistics of mining operations themselves.
- Blockchain Solutions
Beyond hardware and mining, Soluna Holdings, Inc. extends its expertise into the realm of blockchain technology by offering consultative and operational solutions that empower businesses to leverage blockchain for enhancing security, transparency, and efficiency in transactions and processes. This encompasses a broad spectrum of blockchain applications, from financial services to supply chain management, indicating Soluna Holdings, Inc.’s commitment to driving innovation and adoption of blockchain technologies across various industries.
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