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Soluna Holdings ( (SLNH) ) just unveiled an update.
On February 3, 2026, Soluna Holdings announced it had signed an Equipment Supply Agreement with Texas-based Cormint Data Systems to support an initial 12 MW deployment at its wind-powered Project Kati 1 Bitcoin mining site in Willacy County, Texas. Under the deal, Cormint will design, procure, and deliver eight patented, modular, plug-and-play data center units—each integrating transformers, power distribution, cooling, monitoring, and racking—aimed at reducing on-site labor and accelerating energization, with manufacturing already underway, delivery targeted for the first quarter of 2026, and commissioning expected by the second quarter. The arrangement is positioned as a blueprint for repeatable, standardized deployments across Soluna’s project pipeline, reinforcing the company’s strategy of rapidly scaling renewable-powered digital infrastructure and potentially strengthening its competitive footing in both Bitcoin mining and broader high-performance computing markets.
The most recent analyst rating on (SLNH) stock is a Sell with a $0.99 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 down primarily by weak financial performance (ongoing profitability and cash flow issues plus high leverage). Technicals are mixed with slightly negative momentum, and valuation support is limited given losses and no dividend yield data. Corporate events are a relative positive (strategic partnerships, project progress, leadership/financing actions) but are not yet reflected in stronger fundamentals.
To see Spark’s full report on SLNH stock, click here.
More about Soluna Holdings
Soluna Holdings, Inc., listed on Nasdaq as SLNH, develops and operates green data centers that transform surplus renewable energy from wind, solar, and hydroelectric plants into computing capacity for high-performance applications such as Bitcoin mining, generative AI, and other compute-intensive workloads. The company’s facilities are strategically co-located with renewable power assets and supported by its proprietary MaestroOS software to deliver cost-effective, sustainable computing solutions and enhanced returns while helping stabilize and decarbonize the power grid.
Average Trading Volume: 5,449,348
Technical Sentiment Signal: Strong Sell
Current Market Cap: $104.5M
Learn more about SLNH stock on TipRanks’ Stock Analysis page.