Soluna Hits New Heights: Approaches 2 EH/s Milestone In Bitcoin Mining Operations
Portfolio Pulse from Happy Mohamed
Soluna Holdings, Inc. (NASDAQ:SLNH) has made significant progress on its commercialization plan for Project Dorothy and Project Sophie, deploying more than 30 MW of equipment and bringing Project Sophie fully operational. The company is on track to achieve a milestone of 2 EH/s under management. These operational milestones have resulted in a stronger cash position for the company year over year. The revenue potential for Project Sophie is estimated at $3.21 million on an annualized basis, while Project Dorothy 1A and 1B are projected to reach $16.47 million and $17.78 million respectively.
July 25, 2023 | 12:25 pm
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Soluna Holdings is making significant progress in its operations, which is expected to strengthen its financial position and increase its revenue. This could potentially have a positive impact on its stock price.
The company's progress in its operations, particularly in Project Dorothy and Project Sophie, is expected to increase its revenue and strengthen its financial position. This could potentially attract more investors, leading to an increase in demand for its stock and subsequently, its stock price.
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