SLNH Research | Milton Maxwell

SLNH

Soluna Holdings, Inc.

1.4300

+0.0000+0%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

140.96M

P/E (TTM)

Basic EPS (TTM)

-8.29

Dividend Yield

Recent Filings

8-K

February ops metrics up

3/10/26Mar 10, 2026

Soluna Holdings reported February 2026 operations with hosted hashrate at 3,883 PH/s and self-mining at 760 PH/s, mining 9.5 BTC—slight gains over January. Blockware expanded 6MW at Project Dorothy 1A amid customer upgrades restoring full capacity. Kati 1 phases advance ahead of schedule. Expansions accelerate.

8-K

Expands Blockware deal by 6MW

2/17/26Feb 17, 2026

Soluna Holdings expanded its partnership with Blockware, adding six megawatts at Dorothy 1 in west Texas—the third such expansion. Deployment started in January, set to wrap by February's end, leveraging renewable-powered infrastructure for efficient scaling. Repeat business proves the model.

8-K

Soluna's 350MW AI campus plan

2/12/26Feb 12, 2026

Soluna Holdings issued its January 2026 update, spotlighting a joint venture with Metrobloks to engineer a 350MW Tier 3 AI campus at Project Kati 2 across seven buildings, backed by 500+ acres and RFP to 10 firms by February's end. Project Kati 1 nears energization with ERCOT approval and phased commissioning starting February. Michael Picchi joins as CFO effective April 1. Winter storms hiked curtailments at Dorothy sites.

8-K

Energizes 83 MW Kati 1

2/10/26Feb 10, 2026

Soluna Holdings received ERCOT approval on February 10, 2026, to energize Project Kati 1, its 83 MW wind-powered Texas data center for Bitcoin mining, on schedule. Kati 1A (48 MW) ramps by early Q2, Kati 1B (35 MW) by Q3 end, boosting total capacity over 200 MW—a 67% jump. Anticipated annual revenue: $17.3–$19.6 million. Forward-looking timelines carry execution risks.

8-K

Soluna inks 12MW modular deal

2/3/26Feb 3, 2026

Soluna Holdings executed an Equipment Supply Agreement with Cormint Data Systems for eight modular data center units supporting a 12 MW deployment at its wind-powered Project Kati 1 in Texas. Manufacturing is underway, targeting Q1 2026 delivery and Q2 commissioning to accelerate renewable computing scale. Modular design cuts on-site labor. Forward-looking statements note inherent risks.

About

Soluna Holdings, Inc., together with its subsidiaries, engages in the mining of cryptocurrency through data centres. It operates through three segments, Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services. The company also operates in the blockchain business, as well as offers colocation and hosting services for companies seeking to train large language models, fine-tune existing artificial intelligence models, and deploy other compute-intensive AI or HPC workloads. In addition, the company develops and builds modular data centres that use for cryptocurrency mining. Further, it provides data centre hosting services, including electrical power and network connectivity to cryptocurrency mining customers. Soluna Holdings, Inc. was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. in November 2021. The company was founded in 1961 and is headquartered in Albany, New York.

CEO

Mr. Michael M. Toporek III

IPO

6/14/1999

Website

https://www.solunacomputing.com

Employees

Sector

Financial Services

Industry

Capital Markets