Streetbeat News

SLNH

Soluna Holdings, Inc.

https://www.solunacomputing.com

Industry

Hardware, Equipment & Parts

Soluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining. It also operates in the blockchain business. The company is headquartered in Albany, New York.

Open

0.97

Mkt cap

10M

Volume

189K

High

1.03

P/E Ratio

-0.10

52-wk high

8.80

Low

0.89

Div yield

N/A

52-wk low

0.85

Shares of tech and software companies are experiencing an uptick due to overall market strength and the momentum in artificial intelligence (AI).

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:48 pm

In Tuesday's pre-market session, several Information Technology stocks showed significant movement. Infobird Co led the gainers with a 131.2% increase, while Thoughtworks Holding experienced the largest drop among the losers, decreasing by 27.1%. The movements were largely attributed to recent earnings releases and market capitalization adjustments.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 1:06 pm

In Wednesday's pre-market session, several Information Technology stocks showed significant movement. Datasea, Taoping, Soluna Holdings, CCSC Technology, Iris Energy, and Cleanspark were among the gainers, with Datasea leading by surging 200.7%. On the downside, BlackLine, ARB IOT Group, Focus Universal, Akamai Techs, XIAO-I, and Quantum experienced declines, with BlackLine dropping 10.8%. Earnings reports influenced several of these movements.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:05 pm

Soluna Holdings, Inc. (NASDAQ:SLNH), a developer of green data centers, announced a co-location agreement with a GPU startup for AI computing. This partnership, part of Soluna's Project Sophie in Kentucky, signifies Soluna's expansion into the sustainable AI market. The agreement highlights Soluna's commitment to sustainability and marks a strategic move as the company prepares to launch its AI Cloud business, aiming to offer Renewable Computing at lower costs.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:03 pm

Soluna Holdings, Inc. (SLNH) announced its January business update, highlighting a mining output of 44 BTC compared to 47 BTC in the previous month. The update includes corporate highlights such as attending the DealFlow MicroCap Conference, achieving a high Net Promoter Score, and airing Season 4 of the Clean Integration podcast. Key project updates include the temporary shutdown of Project Dorothy 1A/1B during extreme weather for grid stability, the launch of construction and equipment tenders for Project Dorothy 2, nearing completion of two new customer deployments for Project Sophie, and progress in ERCOT planning and commercial agreements for Project Kati.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:11 pm

In Wednesday's after-market session, several information technology stocks saw significant movement. Digital Ally, Roadzen, and SPI Energy were among the gainers, with Digital Ally leading at a 13.7% increase. IBM also rose by 4.87% following their Q4 earnings release. On the losing side, COMSovereign Holding, Powerbridge Technologies, and Airspan Networks Holdings saw declines, with COMSovereign dropping by 7.6%. FOXO Technologies also fell after their Q3 earnings report was released three days ago.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:31 pm

Soluna Holdings, Inc. (NASDAQ:SLNH) has reduced its convertible debt by over $4M and plans a capital raise for a new AI venture. The company has made progress on its green data center projects, including Project Dorothy and Project Kati, and has signed a new 8.8 MW customer for Project Sophie. Soluna's data centers have been found to have an 18% lower carbon footprint than traditional data centers. Operational metrics and project updates were provided, with a focus on installed hashrate, power capacity, and energy consumption.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:29 pm

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.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:47 pm

Software company stocks are trading higher due to a decrease in Treasury yields and positive announcements at CES 2024. This trend is affecting a broad range of companies within the sector.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:09 pm

In Friday's after-market session, several information technology stocks experienced movement. Gainers included Intrusion, Sobr Safe, Spectaire Holdings, BTCS, Research Frontiers, and AEye, with increases ranging from 3.44% to 5.0%. Conversely, Mobix Labs, Alpha Technology Group, Auddia, Saverone 2014, Sigma Additive Solutions, and Soluna Holdings saw their shares fall between 3.93% and 7.3%.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 9:30 pm

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