Soluna Secures 8.8 MW Hosting Contract With Bitcoin Miner; To Host S19 And S19 Pros Under 1-Year Profit-Sharing Arrangement
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings, Inc. has secured an 8.8 MW hosting contract with an undisclosed Bitcoin miner. The company will host S19 and S19 Pro mining rigs under a 1-year profit-sharing arrangement. Soluna is currently preparing the site for the customer's hardware, which will be phased in over the coming weeks.
January 22, 2024 | 1:47 pm
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Soluna Holdings, Inc. has entered into a significant hosting contract for Bitcoin mining, which is expected to boost revenue through a profit-sharing model over the next year.
The news of securing a hosting contract is positive for Soluna Holdings, Inc. as it ensures a steady revenue stream for the duration of the contract. The profit-sharing aspect implies potential for higher returns depending on the performance of the mining operations. This could be seen as a growth catalyst for the company and may positively influence investor sentiment in the short term.
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