Soluna Holdings Partners with Blockware for Crypto Hosting

The latest announcement is out from Soluna Holdings, Inc. ( (SLNH) ).

On April 22, 2025, Soluna Holdings, Inc. announced a two-year hosting agreement with Blockware, a leading crypto mining infrastructure provider in North America. This partnership involves deploying 1,500 S21+ mining units at Soluna’s Project Dorothy 2 data center in Texas, highlighting the growing demand for sustainable Bitcoin infrastructure. The deployment began on April 21, 2025, and is expected to fully ramp up by June 1, 2025. This collaboration underscores Soluna’s commitment to renewable-powered infrastructure and strengthens its customer pipeline, while Blockware aims to increase hashrate in the U.S. and deliver world-class hosting solutions.

Spark’s Take on SLNH Stock

According to Spark, TipRanks’ AI Analyst, SLNH is a Underperform.

Soluna Holdings faces substantial financial instability, with negative equity and profitability issues being major concerns. Despite strategic expansions and partnerships in renewable energy, the weak technical indicators and poor valuation metrics contribute to a low overall score. The stock remains risky, with potential upsides from corporate initiatives tempered by current financial conditions.

To see Spark’s full report on SLNH stock, click here.

More about Soluna Holdings, Inc.

Soluna Holdings, Inc. is a company focused on making renewable energy a global superpower by designing, developing, and operating digital infrastructure that transforms surplus renewable energy into computing resources. Their data centers, co-located with renewable energy sources like wind, solar, and hydroelectric power plants, support high-performance computing applications such as Bitcoin mining and Generative AI.

YTD Price Performance: -69.27%

Average Trading Volume: 565,505

Technical Sentiment Signal: Buy

Current Market Cap: $8.38M

For an in-depth examination of SLNH stock, go to TipRanks’ Stock Analysis page.