Soluna Holdings, Inc.

Soluna Holdings, Inc. engages in the design, manufacture, and sale of test and measurement instruments and systems that use an array of technologies to solve complex, real-world applications in numerous industries including manufacturing, electronics, semiconductor, solar, commercial and military aviation, automotive, and data storage. It also develops cryptocurrency mining facilities powered by renewable energy that integrate with the blockchain network. The firm operates through the following segments: Cryptocurrency Mining and Data Center Hosting. The Cryptocurrency Mining segment generates revenue from its mining activities. The Data Center Hosting segment operates a data center from the company's computing facility in Calvert City, Kentucky. The company was founded in 1961 and is headquartered in Albany, NY.

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NEW YORK, NY, April 21, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Soluna Holdings, Inc. (“SHI” or the “Company”), (Nasdaq: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a developer of green data centers for cryptocurrency mining and other intensive computing, announced today that it intends to offer shares of its 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, with a $25.00 liquidation preference per share (the “Series A Preferred Stock”), in an underwritten public offering. Concurrently with the public offering and by means of a separate prospectus supplement, the Company intends to offer shares of its Series A Preferred Stock directly to certain institutional lenders in a registered direct offering. All of the shares of Series A Preferred Stock in both offerings are being offered by the Company. The Series A Preferred Stock is traded on the Nasdaq Stock Market LLC under the symbol “SLNHP”.

Soluna Holdings, Inc. Announces Proposed Public Offering of Series A Preferred Stock and Concurrent Registered Direct Offering

ALBANY, NY, April 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a developer of green data centers for cryptocurrency mining and other intensive computing, announced that on April 13, 2022, it consummated the third tranche of its previously announced debt financing in an aggregate principal amount of $20 million.

Soluna Holdings Announces Third Tranche of Debt Financing

On Track to Achieve 1.26 EH/s by June 30 th ; Reiterates 3EH/s Ramp into the Fourth Quarter

Soluna Holdings Announces March Site Level Financials

$10.75 Million Sale Price Allows for Further Acceleration of Cryptocurrency Mining Business

Soluna Holdings Announces Sale of its MTI Instruments Business

Full Year 2021 Crypto Mining Revenue of $10.9 million Reflects Execution on Operating Plan

Soluna Holdings Announces 2021 Financial Results

Soluna Holdings, Inc. (SLNH) CEO Michael Toporek on February 2022 Flash Report (Transcript)

Reiterates 1 EH/s Ramp by End of March 2022; February BTC Equivalent Per Day Increases 16%

Soluna Holdings Announces February Site Level Financials

ALBANY, NY, March 10, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”) (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced that it has issued the second tranche of its debt financing in an aggregate principal amount of $2.4 million. The Company also announced that it plans to release its February site level financials on March 15th.

Soluna Holdings Announces Second Tranche of Debt Financing

ALBANY, NY, Feb. 28, 2022 (GLOBE NEWSWIRE) -- via  NewMediaWire --  Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced a debt financing.

Soluna Holdings Announces Debt Financing

Bitcoin is well off its highs, so is it better to buy the coin, or companies that mine it?

Is It Better To Own Bitcoin Or Bitcoin Mining Stocks?

Updated investor presentation link -   https://www.solunacomputing.com/investors/

Update: Soluna Holdings Announces January Site Level Financials

Soluna Holdings, Inc. (SLNH) CEO Michael Toporek on January 2022 Flash Report (Transcript)

All Plugs Ready for 1 EH/s Ramp by End of March 2022 as Hashrate Continues to Scale

Soluna Holdings Announces January Site Level Financials

Demonstrates Energizing 100MW, Scaling to 3EH

Soluna Holdings Provides 2022 Earnings Power Illustration

Soluna Holdings, Inc. (SLNH) CEO Michael Toporek on December 2021 Flash Report (Transcript)

NEW YORK, Jan. 07, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (Nasdaq: SLNH), MTI Instruments division, a manufacturer of precision tools and testing equipment for electronics, aviation, automotive, power and other industries, today announced a multi-year and multi-million-dollar contract with the U.S. Air Force (USAF). The total value over the life of the contract is anticipated to be well over $10 million.

Soluna Holdings' MTI Instruments Division Announces Multi Million Dollar U.S. Air Force Contract

ALBANY, N.Y., Jan. 05, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that it closed an over-allotment offering for the issuance and sale of an additional 66,857 shares (the “Option Shares”) of its 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (“Series A Preferred Stock”), to the underwriters for its previously announced public offering of Series A Preferred Stock.

Soluna Holdings, Inc. Announces Closing of $1.17 Million Public Offering of Series A Preferred Stock from Full Exercise of Over-Allotment Option

ALBANY, N.Y., Dec. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced the closing of its underwritten public offering of 445,714 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, with a $25.00 liquidation preference per share (the “Series A Preferred Stock”), at a price to the public of $17.50 per share. The Company received aggregate gross proceeds of $7.8 million, before deducting underwriting discounts and other estimated offering fees and expenses. The offering is a re-opening of the original issuance of Series A Preferred Stock, which occurred on August 23, 2021. The additional shares of Series A Preferred Stock will form a single series, and be fully fungible, with the outstanding shares of our Series A Preferred Stock. The first dividend on the Series A Preferred Stock offered pursuant to the offering will be paid on January 31, 2022, which will include a period of less than a full month after the issuance of the Series A Preferred Stock and will cover the period from December 28, 2021 through January 31, 2022.

Soluna Holdings, Inc. Announces Closing of $7.8 Million Series A Preferred Stock Offering

ALBANY, NY, Dec. 23, 2021 (GLOBE NEWSWIRE) -- via  NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced the pricing of its underwritten public offering of 445,714 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, with a $25.00 liquidation preference per share (the “Series A Preferred Stock”), at a price to the public of $17.50 per share. The Company expects to receive gross proceeds of $7.8 million, before deducting underwriting discounts and other estimated offering fees and expenses. The offering is expected to close on December 28, 2021, subject to customary closing conditions.

Soluna Holdings, Inc. Announces Pricing of $7.8 Million Series A Preferred Stock Offering

Soluna Holdings currently has an annualized cash contribution margin of over $23 million with an enterprise value of only about $150M. Scaling rapidly and on track to reach 1 exahash per second of computing power by March of 2022 with 50MWs energized.

Soluna Holdings: Unknown, Massively Undervalued, And Revolutionizing Renewable Energy With Green Computing

NEW YORK, NY, Dec. 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Soluna Holdings, Inc. (Nasdaq: SLNH), a developer of green data centers for cryptocurrency mining and other intensive computing, announced today that it intends to offer shares of its Series A Preferred Stock for sale in an underwritten public offering.

Soluna Holdings Announces Underwritten Public Offering of Its Series A Preferred Stock

NEW YORK, Dec. 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (Nasdaq: SLNH), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced that it has entered into a non-binding letter of intent for the potential sale of its MTI Instruments subsidiary (the “LOI”) with a strategic buyer in the test and measurement space.

Soluna Holdings Announces LOI for the Sale of its MTI Instruments Business

NEW YORK, Dec. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (Nasdaq: SLNH), MTI Instruments division, a manufacturer of precision tools and testing equipment for electronics, aviation, automotive, power and other industries, today announced a $1.4 million order with a global industrial manufacturer. The contract also includes a 14-year ongoing maintenance and support component representing another high value contract win with recurring revenue.

Soluna Holdings' MTI Instruments Division Announces Record $1.4 Million Order with Global Industrial Manufacturer

Financial Results Accelerating; Remains On Track to Deliver Over 1EH/s by End of Q1'22

Soluna Announces November Site Level Financials

ALBANY, NY, Dec. 07, 2021 (GLOBE NEWSWIRE) -- via  NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), formerly Mechanical Technology, Inc., the parent company of Soluna Computing, Inc. (“SCI”), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. (“MTI Instruments”), a test and measurement instruments and systems business, today announced that its Board of Directors has declared the regular monthly dividend on its shares of 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”). The dividend will be payable on or about December 31, 2021, to holders of the Series A Preferred Stock of record as of the close of business on December 17, 2021, for the month ended December 31, 2021. Future dividends on the Series A Preferred Stock will be payable when, as and if declared by the Board of Directors monthly in arrears on the final day of each month or the next business day at an annual rate of 9.0% of the $25.00 liquidation preference per share.

News for Soluna Holdings, Inc. Stock (SLNH)