Soluna Announces Monthly Business Update; 18 BTC Mined In May 2024
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings (SLNH) announced its monthly business update for May 2024, reporting that it mined 18 BTC during the month. This is a decrease from the 33 BTC mined in April 2024.
June 05, 2024 | 12:04 pm
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Soluna Holdings reported mining 18 BTC in May 2024, a significant decrease from the 33 BTC mined in April 2024. This decline in BTC production could impact the company's short-term revenue and stock price.
The decrease in BTC mined from 33 in April to 18 in May suggests a reduction in production efficiency or operational issues. This could negatively impact Soluna's revenue and investor sentiment in the short term.
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