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Soluna Holdings ( (SLNH) ) just unveiled an update.
On April 28, 2026, Soluna Holdings announced a partnership with Sazmining to launch a 3 MW Bitcoin mining operation at Soluna’s Project Dorothy 1B in West Texas, marking Sazmining’s second U.S. deployment. The collaboration can scale with customer demand and available capacity, reinforcing Sazmining’s Bitcoin Mining as a Service model while giving Soluna another anchor user for its renewable-powered infrastructure.
Project Dorothy is supplied by the 150 MW Briscoe Wind Farm, which Soluna recently acquired as part of its vertical integration strategy to pair owned renewable generation with data centers. The deal underscores Soluna’s push to expand the Dorothy campus, including a planned third phase targeting large-scale AI compute capacity, and highlights how Bitcoin mining is being positioned as a flexible, grid-supportive use for carbon-free energy assets.
The most recent analyst rating on (SLNH) stock is a Buy with a $5.00 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 back primarily by weak financial performance (heavy losses and significant cash burn despite strong revenue growth) and limited valuation support (negative P/E). Technicals are constructive with the stock trading above major moving averages, but overbought momentum increases near-term risk. Corporate events are a modest positive overall due to expansion and asset consolidation, partially offset by Nasdaq noncompliance and dilution risk.
To see Spark’s full report on SLNH stock, click here.
More about Soluna Holdings
Soluna Holdings, Inc. is a developer of green data centers that convert surplus renewable energy into computing capacity for high-performance workloads such as Bitcoin mining, generative AI, and other compute-intensive applications. The company vertically integrates power generation and digital infrastructure, co-locating its facilities with wind, solar, or hydro plants to deliver cost-effective, sustainable computing solutions.
Average Trading Volume: 7,195,944
Technical Sentiment Signal: Sell
Current Market Cap: $135.8M
See more data about SLNH stock on TipRanks’ Stock Analysis page.