Soluna Unleashes First Batch Of NVIDIA GPUs, Expects To Generate $16M-$2M In Revenue Per Year As The Site Is Fully Deployed With Its Customers Based On Current Market Conditions. Over The Life Of The Contract, Expects To Generate A Total Of Between $38M-$80M
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings, Inc. (NASDAQ: SLNH) has raised $12.5 million to support the launch of Soluna Cloud, which will utilize NVIDIA H100 GPUs. The company expects to generate $16M-$26M in annual revenue and $38M-$80M over the life of the contract.
June 24, 2024 | 12:02 pm
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POSITIVE IMPACT
NVIDIA's H100 GPUs will be used by Soluna Cloud, potentially increasing demand for NVIDIA's products and contributing to its revenue.
The use of NVIDIA's H100 GPUs by Soluna Cloud could lead to increased demand for NVIDIA's products, positively impacting its revenue.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Soluna Holdings has raised $12.5 million to launch Soluna Cloud, expecting to generate $16M-$26M in annual revenue and $38M-$80M over the contract's life.
The successful fundraising and expected revenue generation are positive indicators for Soluna Holdings, likely boosting investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100