Soluna Holdings Signs Term Sheet for Project Ellen

Soluna Holdings, Inc. ( (SLNH) ) has provided an announcement.

On April 17, 2025, Soluna Holdings, Inc. announced the signing of a term sheet for power for Project Ellen, a 100 MW data center co-located with a 145 MW wind farm in South Texas. This project, developed in two phases, aims to leverage wind energy for sustainable computing, reinforcing Soluna’s commitment to renewable energy adoption and addressing underutilized green power. With Project Ellen, Soluna’s data center capacity is expected to exceed 698 MW, marking a significant step in its mission to scale renewable-powered computing solutions.

Spark’s Take on SLNH Stock

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

Soluna Holdings faces substantial financial challenges, with negative equity and profitability issues weighing heavily on its overall score. Although positive corporate events suggest potential growth, the absence of a sustainable financial base and unattractive valuation metrics remain major concerns. Technical analysis suggests the possibility of recovery, but the lack of supportive indicators tempers enthusiasm.

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 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 such as Bitcoin mining and Generative AI.

YTD Price Performance: -67.43%

Average Trading Volume: 574,148

Technical Sentiment Signal: Buy

Current Market Cap: $7.89M

Learn more about SLNH stock on TipRanks’ Stock Analysis page.