Soluna Holdings, Inc. ( (SLNH) ) has provided an update.
On April 10, 2025, Soluna Holdings, Inc. announced several key updates, including an 80.5% revenue growth to $38 million for 2024 and the successful powering up of Project Dorothy 2, which increased their Bitcoin hosting capacity by 60%. The company also secured $5 million in non-dilutive debt financing and received a second patent broadening their modular data center technology. Additionally, Soluna strategically terminated its agreement with Hewlett Packard Enterprise and provided updates on various projects, highlighting significant progress in their operations and partnerships.
Spark’s Take on SLNH Stock
According to Spark, TipRanks’ AI Analyst, SLNH is a Underperform.
Soluna Holdings faces significant financial challenges with negative profitability and high leverage, weighing heavily on its score. While technical analysis hints at potential recovery due to oversold conditions, the unattractive valuation metrics and financial instability are major concerns. Positive corporate events offer some optimism about future growth, but overall risks remain pronounced.
To see Spark’s full report on SLNH stock, click here.
More about Soluna Holdings, Inc.
Soluna Holdings, Inc. is a company focused on transforming surplus renewable energy into computing resources by designing, developing, and operating digital infrastructure. 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 AI. Soluna’s proprietary software, MaestroOS, aims to enhance grid sustainability while providing cost-effective computing solutions.
YTD Price Performance: -78.85%
Average Trading Volume: 617,210
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.76M
Find detailed analytics on SLNH stock on TipRanks’ Stock Analysis page.