Soluna Holdings, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John Belizaire
- Full Time Employees
- 47
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Address
- 325 Washington Avenue Extension Albany NY United States of America 12205
- IPO Date
- Jun 14, 1999
- CIK
- 0000064463
- Website
- solunacomputing.com
- Similar Companies
- Business
- Soluna Holdings, Inc. (Nasdaq: SLNH) develops and operates green data centers that convert excess renewable energy from wind, solar, and hydro sources into computing power for intensive applications including Bitcoin mining, generative artificial intelligence, high-performance computing, and machine learning; the company offers modular, scalable data center infrastructure co-located with renewable energy plants, MaestroOS software for power management and efficiency, colocation and hosting services with electrical power and network connectivity, Soluna Cloud Services for training and fine-tuning large language models and other AI/HPC workloads, and data center hosting for third-party cryptocurrency miners. Soluna operates through three segments: Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services; it targets enterprise customers, Bitcoin miners, and AI developers seeking sustainable, cost-effective computing alternatives to battery storage or grid transmission. The company, founded in 1961 and formerly known as Mechanical Technology, Inc. until its rebranding in November 2021, maintains headquarters in Albany, New York, with primary data center projects in Texas including Project Dorothy (105 MW energized capacity across Dorothy 1 and 2 sites, featuring 4.5 EH/s compute power and 25.7 J/TH efficiency), Project Sophie, and Project Kati (166 MW planned, with groundbreaking on the initial 35 MW phase in September 2025). Recent developments include the completion of Project Dorothy 2 in November 2025, increasing operational capacity by 64% to 123 MW with deployments from a top-tier Bitcoin miner; a 20-megawatt hosting partnership with Canaan Inc. (Nasdaq: CAN) at Project Dorothy for Avalon A15 XP Bitcoin miners; a 3.3-megawatt treasury-focused hosting agreement with KULR Technology Group at Project Sophie in November 2025; expansion of partnerships with Galaxy Digital (48 MW at Project Kati 1, totaling 83 MW) and Compass Mining (13 MW across Dorothy sites); a scalable $100 million credit facility from Generate Capital closed in September 2025 with an initial $12.6 million draw for refinancing Dorothy projects and construction, plus $20 million from Spring Lane Capital for Project Kati 1; a settlement with NYDIG resolving all outstanding matters; Nasdaq compliance restoration; and over $64 million in gross capital raised in Q3 2025, boosting cash reserves to a record $60.5 million amid 37% sequential revenue growth to support a 2.8 GW power pipeline.
Soluna Acquires Full Ownership of Project Dorothy 1B, Completing Equity Consolidation of Dorothy 1 Campus
Soluna Reports Q1'26 Results; Revenue Grows 58% Year-Over-Year and 4th Consecutive Quarter Sequentially
Soluna: The 4.3 GW Pipeline Is The Real Story
Soluna Announces Monthly Business Update
Soluna Regains Compliance with Nasdaq Listing Requirements
Soluna and Sazmining Announce 3 MW Bitcoin Mining Operation at Project Dorothy 1B
Soluna Announces Fourth Expansion with Blockware, Surpassing 17 MW of Total Capacity
Soluna Acquires Full Ownership of Project Dorothy 1A, Accelerating Vertical Integration and AI Campus Development
Soluna to Participate in Water Tower Research Insights Conference
Soluna Announces Monthly Business Update
Soluna Closes $53M Briscoe Wind Farm Acquisition; Achieves Vertical Integration
Soluna Reports Record 2025 Growth: Pipeline Hits 4.3GW, Raises $142 Million, and Launches AI Infrastructure
Soluna Announces Monthly Business Update
Soluna Expands Partnership With Blockware, Adding 6 MW at Project Dorothy 1
Contrasting Soluna (NASDAQ:SLNH) & SKYX Platforms (NASDAQ:SKYX)
Soluna Holdings, Inc. (NASDAQ:SLNH) Sees Large Growth in Short Interest
Soluna Announces Monthly Business Update
Soluna Begins Energization of Project Kati 1, adding 83 MWs to Total Capacity
Soluna Holdings: Pricing In An Absolute Zero
Soluna Executes Equipment Supply Agreement with Cormint for 12 MW Kati 1 Deployment