Soluna Holdings Signs Term Sheet for Project Annie

The latest update is out from Soluna Holdings ( (SLNH) ).

On May 22, 2025, Soluna Holdings announced the signing of a term sheet for Project Annie, a 75 MW data center co-located with a 114 MW solar farm in northeast Texas. This marks Soluna’s first solar-powered deployment, expanding its modular computing platform into solar-rich markets. Developed in partnership with a leading U.S. renewable energy operator, Project Annie aims to convert underutilized solar energy into high-performance computing, aligning with Soluna’s mission to create scalable, cost-effective digital infrastructure. The project is named in honor of Annie Easley, a pioneering African American computer scientist and mathematician at NASA.

Spark’s Take on SLNH Stock

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

The overall score is low due to critical financial weaknesses, including negative profitability and cash flow issues. While technical indicators and valuation are not favorable, recent corporate events provide a glimpse of potential recovery. However, the delisting warning poses a major risk, necessitating caution.

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

More about Soluna Holdings

Soluna Holdings, Inc. is a company focused on transforming surplus renewable energy into global computing resources. It designs, develops, and operates digital infrastructure co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin mining and Generative AI. The company aims to make renewable energy a global superpower through its pioneering data centers and proprietary software MaestroOS™.

Average Trading Volume: 537,614

Technical Sentiment Signal: Sell

Current Market Cap: $11.17M

For detailed information about SLNH stock, go to TipRanks’ Stock Analysis page.