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An announcement from Soluna Holdings ( (SLNH) ) is now available.
On March 30, 2026, Soluna reported that 2025 was a transformational year in which it doubled operating capacity, surpassed 1 gigawatt of renewable-powered computing across operating and development projects, and expanded its long-term power pipeline to more than 4.3 gigawatts. Key milestones included completing and fully energizing the 48-megawatt Dorothy 2 facility in November 2025, starting construction of the 83-megawatt Kati 1 site, and advancing Kati 2 in Texas as an AI and high-performance computing campus under an MOU with Metrobloks for more than 100 megawatts of initial IT load.
Despite a 30.8% decline in Bitcoin hashprice that drove a 21.8% drop in 2025 revenue to $29.7 million and compressed gross margin to 22%, Soluna strengthened its balance sheet by raising about $142 million, boosting total cash 750% to $88.8 million, and securing major project-level financing from partners including Generate Capital and Galaxy Digital. The company reported sequential Q4 2025 revenue growth to $9.2 million, higher liquidity, and sizable increases in property, plant and equipment and SG&A aimed at scaling its pipeline and AI infrastructure, positioning it to accelerate growth in 2026 even as Bitcoin market headwinds weighed on near-term profitability.
The most recent analyst rating on (SLNH) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Soluna Holdings stock, see the SLNH Stock Forecast page.
Spark’s Take on SLNH Stock
According to Spark, TipRanks’ AI Analyst, SLNH is a Neutral.
The score is held down mainly by weak financial quality (profitability and negative operating cash flow) and bearish technicals with the stock trading well below key moving averages. Positive strategic and financing-related corporate developments provide some offset, but valuation support is limited given negative earnings and no dividend.
To see Spark’s full report on SLNH stock, click here.
More about Soluna Holdings
Soluna Holdings, Inc., based in Albany, N.Y., develops green, behind-the-meter data centers for intensive computing applications, focusing on Bitcoin mining and artificial intelligence workloads. The NASDAQ-listed company builds renewable-powered infrastructure, with a long-term power pipeline now exceeding 4.3 gigawatts and projects concentrated in U.S. markets such as Texas.
Average Trading Volume: 4,473,506
Technical Sentiment Signal: Sell
Current Market Cap: $60.73M
Find detailed analytics on SLNH stock on TipRanks’ Stock Analysis page.