Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced the release of its July site level financials.
Michael Toporek, CEO of Soluna Holdings, stated, “Despite Bitcoin remaining around $20,000 and challenging power markets, Soluna has been able to maintain healthy margins and increase computing power. As a result of the increase in activity from renewable energy generators seeking computing as the most effective solution to their curtailment problems, we continue to believe investing through the cycle is the best opportunity to deliver value to shareholders.”
Key Summary Highlights:
Increased BTC Production Despite Volatile Market
Cash Contribution Margins Remain Healthy
10MW Hosting Agreement at Marie Expires End of September
Revenue & Contribution Margin Summary:
A presentation and corresponding video is available on the Company’s website at: https://www.solunacomputing.com/investors/updates/july2022flash/
About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as cryptocurrency mining, AI and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
For more information about Soluna, please visit www.solunacomputing.com or follow us on LinkedIn at linkedin.com/solunaholdings and Twitter @SolunaHoldings.
Contact Information
Sam Sova
VP, Marketing
Soluna Computing
This email address is being protected from spambots. You need JavaScript enabled to view it.
+414 699 3667
MZ Contact
Brian M. Prenoveau, CFA
MZ Group – MZ North America
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+561 489 5315
Last Trade: | US$3.69 |
Daily Change: | -0.29 -7.29 |
Daily Volume: | 118,792 |
Market Cap: | US$14.460M |
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