Soluna Holdings Inc (SLNH)

[Amigo Mike]

Solid news from SLNH again this morning.

Too bad bitcoin isn't cooperating of late and the price has been taking in on the chin with the rest of the market.

Notably missing are the terms of the financing. They say it is to support 3 projects. Dorothy which is being built right now ..... and 2 others. Since the PR mentions AI I'm gonna say it's likely the financing will support project to pilot cloud computing solutions vertical SLNH is going after which is by far and away much larger than crypto mining.

Nice positive news ..... too bad the market sucks presently.
Amigo Mike

[Amigo Mike]

Soluna Raises $35M From Spring Lane Capital to Build Green Data Centers for Crypto, Machine Learning
May 12 2022 - 08:00AM
GlobeNewswire Inc.
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via NewMediaWire – Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), secured $35 million in project financing to develop green data centers co-located with renewable energy assets. Spring Lane Capital, a private equity firm, invested private funds in Soluna as a part of their strategy focused on hybrid project capital for sustainability solutions in the energy, food, water, waste and transportation industries. The capital will help develop three behind-the-meter (BTM) projects designed to convert wasted renewable energy into clean computing services such as bitcoin mining and artificial intelligence.
“Soluna is the only true green bitcoin company we’ve yet seen,” said Rob Day, Spring Lane Capital Partner and Co-Founder. “Going after wasted renewable energy – ‘spilled power’ – is a compelling solution – and fixes both bitcoin’s climate problem and wind power’s grid problem.”

Michael Toporek, CEO of Soluna Holdings, Inc. said, “Consistent with our previously articulated strategy, we continue to pursue opportunities that we believe enable us to optimize our cost of capital. The Spring Lane Capital approach helps us develop a mature repeatable model that can be scaled.”

The first of the three projects, Dorothy, named in honor of African American mathematician and human computer Dorothy Vaughan, is expected to be energized later this summer and coincide with the launch of a local STEM program. The Dorothy project is a 100 MW data center with a 50 MW initial phase, connected to a Texas wind farm that produces more electricity than the grid can consume. Soluna’s data center is currently estimated to create between 25 to 50 highly skilled jobs for technicians, security and electrical staff.

The other two projects funded by the new capital will come from Soluna’s robust pipeline.

John Belizaire, CEO of Soluna Computing, Inc., said, “We are honored to have a pioneering sustainability project finance firm like Spring Lane Capital back our vision. Our model of leveraging excess clean energy to generate low-cost computing is the future of green bitcoin mining and green data centers.”

Spring Lane Capital has a successful track record helping sustainable technology companies raise capital to build flagship projects. Their ‘hybrid project capital’ approach provides project equity along with additional growth capital.

Added Day: “Soluna is driving demand for clean power by giving a floor price and improving the bottom line of the renewable power partners they work with. The ultimate result is more wind farms and solar farms that would not otherwise be built.”

At power plants like the wind farm where the Dorothy project is under construction, excess energy is wasted when the grid becomes overloaded or demand is too low. Soluna’s scalable solution allows every excess megawatt to be used for batch-oriented, computing-intensive processes, such as cryptocurrency mining and machine learning. Additionally, flexible demand consumers help stabilize the grid by preventing power overload, which can otherwise lead to blackouts and grid malfunction.

Last month, Soluna Holdings (SCI’s Computing’s parent company), sold its Albany-based MTI Instruments subsidiary for $10.75 million, expanding its focus on helping the modern grid absorb more renewable energy through flexible green data centers.

[Amigo Mike]

Nice to see SLNH jump into the investor conference realm. Be interesting to see if there is any reaction from the stock from this conference.

Wouldn't be surprised not to see much out of it but nice nonetheless.

Pleased as punch with how SLNH mgmt is getting the job done. Looking forward to the upcoming PR on the sale of the instruments business and how much they are able to obtain for that. More updates on Project Dorothy by qtr end. Looking forward to hearing more about POC for batch computing and moving towards that space and vast opportunity as soon as possible.

As long as BTC remains fairly calm at these prices, long and strong SLNH.

Amigo Mike

[Amigo Mike]

Soluna Holdingsto Present at Ladenburg Thalmann Virtual Special Crypto Expo on March 24th
March 23 2022 - 08:30AM
GlobeNewswire Inc.

via NewMediaWire -- 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 that it will be presenting virtually at the upcoming Ladenburg Thalmann Virtual Special Crypto Expo on Thursday, March 24th,at 2:00 PM ET. Michael Toporek, CEO of Soluna Holdings, will be giving the presentation.
Event: Soluna Holdings Presentation at the Ladenburg Thalmann Virtual Special Crypto Expo
Date: Thursday, March 24th, 2022
Time: 2:00 PM ET

Register to watch the presentation here: conference.ladenburg.com. Investors can also request 1x1 meetings with Soluna on the event website.

Summary of Ladenburg Thalmann Virtual Special Crypto Expo Conference

The Expo will feature virtual presentations from the management teams of a limited number of public and private Crypto Mining and Blockchain Technology companies. Management teams will be presenting virtually to a select invite-only institutional investor audience and presenting companies will be hosting virtual one-on-one meetings. We look forward to connecting with you.

[conix]

Soluna Holdings Energized and Operating Ahead of Schedule

Company to break ground on its 50MW flagship facility in Texas this month.

Green data center developer, Soluna Holdings (NASDAQ: SLNH), has released its January site level financials, showing strong growth in spite of a 17% decrease in average Bitcoin (BTC) price between December 2021 and January 2022.

Highlights

Soluna’s hashrate is on track to hit 1 exahash per second (EH/s) by the end of March and over 3 EH/s in Q

BTC Equivalent mined in January 2022 increased 11% MoM

Pre-construction activity for the first 50MW of Soluna’s Project Dorothy is complete and anticipate breaking ground on this flagship facility this month

Soluna’s revenues and earnings have continued to accelerate, as planned



Michael Toporek, CEO of Soluna Holdings, said, “We remain keenly focused on return on invested capital and developing our longer-term strategy beyond crypto mining within the larger batchable computing industry.”

To reduce the environmental impact of intensive computing, Soluna builds modular, scalable data centers for batchable applications such as cryptocurrency mining, AI and machine learning.

To view the updated investor presentation, visit: https://bit.ly/3BkYFuY

To read the full announcement, visit: https://yhoo.it/3gQN0dL

[Amigo Mike]

I'm not sure how investors can find any fault with the latest debt financing.

$20 million ... at 2% ... for 5 years. With a convertible option to preferred shares if SLNH should happen to offer another PP of the preferreds.

Dunno why SLNH would wanna allow the conversion to preferreds at much high rates .... but I'm sure they are thinking broadly about that.

Stock should be $15 now with BTC at $40K. Plug in ready on equipment receipt at Project Sophie ... and Dorothy build out on deck.

Hoping they are starting to tap into energy industry players here with this financing.

Loved their responses to questions last week. Put the allocation to BTC in the hands of the investors instead of SLNH.

Amigo Mike

[Amigo Mike]

Soluna Holdings Announces Debt Financing
February 28 2022 - 09:29AM
GlobeNewswire Inc.

via NewMediaWire -- 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 a debt financing.
Michael Toporek, CEO of Soluna Holdings, stated, “This financing continues our commitment to fund our capital planand minimize dilution to our common equity holders."

On February 22, 2022, the Company issued to certain institutional lenders promissory notes in an aggregate principal amount of $7.5 million for an aggregate purchase price of $7.5 million. The Notes were issued as the first tranche of an aggregate financing of $20.0 million. The Company expects to issue to the Lenders a second tranche of promissory notes in an aggregate principal amount of $2.5 million for an aggregate purchase price of $2.5 million and a third tranche of promissory notes in an aggregate principal amount of $10.0 million for an aggregate purchase price of $10.0 million along with Class D common stock purchase warrants to purchase up to an aggregate of 500,000 shares of common stock of the Company at an exercise price of $11.50 per share. The Warrants will be immediately exercisable for two years upon issuance, subject to applicable Nasdaq Stock Market LLC rules. The Warrants will only be issued if and when the third tranche notes are issued.

SHI intends to use the net proceeds of the financing for the acquisition, development and growth of data centers, including cryptocurrency mining processors, other computer processing equipment, data storage, electrical infrastructure, software and real property, and business, and for working capital and general corporate purposes, which include, but are not limited to, operating expenses.

The First Tranche Notes have a maturity date of February 22, 2027 and the Second Tranche Notes and Third Tranche will have a maturity date five years from the date of issuance upon which dates the Notes shall be payable in full, and accrue interest at a rate of 2% per annum. The Notes may be repaid, at the Lender’s sole election, either at the applicable Maturity Date or upon the first business day of each month that the Company keeps open a private offering of its shares of the Company’s 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”) by presenting its Note in whole or in part as legal tender to purchase such shares of Series A Preferred Stock at a price per share of Series A Preferred Stock on the date immediately preceding the closing of such subscription, provided that if the Notes are not repaid by May 2, 2022, the Notes shall automatically be subscribed for shares of the Series A Preferred Stock. The Notes may be prepaid or redeemed upon written notice to the other party.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

[Amigo Mike]

Looks like someone dumping on SLNH this afternoon and fairly light volume. BTC up ... doesn't make alot of sense ..... "smells like" someone potentially front running more financing/dilution.

Lining up another swing trade here but have not pulled the trigger. High $7s now .... ridiculous ....

Amigo Mike

[Amigo Mike]

Agreed,

Borrowing at 14% isn't sustainable for anyone .... but ... even at that rate, the equipment for this use case is being put into production almost immediately on receipt so they immediately start producing cash .... ~9 month ROI on this financing ..... that's far better than most capital investments ... even at the higher rates.

We'll see how it plays.

Amigo Mike

[gilead23]

They definitively have a bit of latitude from me based on previous execution. If they didn’t I would be out of the position completely.

They still need a ton of money, and I don’t think there are many businesses that are viable borrowing at 14%.

[Amigo Mike]

Understandable.

Quite honestly not as concerned about that. Money is available via numerous options and CEO Belizaire has said as much in recent interviews and podcasts.

They've already PR'd the LOI to sell the instruments business. That of course isn't a quick proposition. I believe this is expected to yield in the area of $20 million. LOI was announced mid December subject to due dilly etc ..... I'd anticipate that should be coming to a resolution soon.

IMO, SLNH "paid more" for financing because the amounts were small. Preferred got dumped and tiny raise at roughly 75% to PAR on those. The financing at 12-14% with NYDIG was high ... again .... borrowed small amounts for equipment to be delivered Feb-June 2022. So this equipment should be getting installed and working quickly and ROI is roughly 9 months.

The daily cash revenue generation has been increasing as well. So that increases cash that could be used to offset some of the expected financing. It's a dance for sure.

Ultimately, IMO, this mgmt has earned some latitude. They've executed near perfectly thus far. Better than I would have expected honestly. But nothing goes exactly as planned ..... so I'm in the camp of giving them room to manuever as needed.

And of course if the stock provides for opportunities to swing trade a little bit .... I'm not going to think twice about taking advantage of it. It also helps to recoup capital invested over time as well.

Lastly ... trying to keep eye on the prize ... 2023 and beyond, 4EH and working toward even bigger market verticals in batch computing.

Amigo Mike

[gilead23]

Personally I’m getting impatient for an update on their financing plan. I’m starting to wonder if money isn’t available at anything resembling a reasonable price. I’m not adding shares without that, and the longer we go the more likely I am to sell.

[Amigo Mike]

Interesting SLNH more or less straight down today.

Guess I will scope out another swing from the SLNH vine. Down on relatively low volume. SMH

Amigo Mike

[Amigo Mike]

Finger on the trigger to flip and bank some freebies.

I'll take it.

There was some strong buy action at $9.50 level today.

Amigo Mike

[gilead23]

I don’t think we are going to get any real upside traction until Bitcoin stabilizes, and you see a real financing plan from the company. As I see it they are now behind schedule on providing the latter. I would bet you get to flip those shares for a gain though.

[Amigo Mike]

Appears some settling for the time being.

Did some toe dipping at $8.14. Plenty of dry powder as things play out. Probably quick flip those.

Amigo Mike

[gilead23]

In my mind there has always been the possibility that Bitcoin doesn’t “settle” which has been my number 1 risk since day 1. There really isn’t any precedent for crypto so I’m ultimately not sure what happens to it. It is a speculative asset so it’s not surprising it’s dropping with other speculative assets.

I’m keeping a position, but I’ve trimmed pretty significantly. Good management, but they are at the mercy of a digital commodity they are tied to with ASIC’s. If Bitcoin falls apart badly enough it may be hard to transition to their long term batch computing plan.

I’m not convinced Bitcoin is digital gold at this point, and it functions poorly as a currency.

[Amigo Mike]

SLNH mgmt update is compelling for the future of this company.

Never thought I'd see $8 on this stock again. I'll be a buyer as soon as it appears bitcoin settles. SLNH sells its mined bitcoin right away so it is not subject to traditional market fluctuation HODLing ... but it does reduce the hefty contribution margin. Company still produces excellent margins with bitcoin at $20k. Don't think bitcoin goes that low but .... anything can happen.

Amigo Mike

[Amigo Mike]

Yes I'm not thrilled by the interest rate ..... but it is short term loan and it is relatively small and the ROI is less than a year.

If these type financings continue at such high rates .... I may have to reconsider after digging into the specifics but overall for the longer term growth ... .still on track.

Amigo Mike

[gilead23]

I’m concerned about the interest rate here. Small raise, but subprime credit card borrowers get deals like this. Eventually they will lose me if they don’t obtain financing at saner rates.

[Amigo Mike]

Info on NYDIG ABL LLC ..... founded by Ross Stevens ..... basically provides financing for bitcoin technology as one of its stated goals.

Is a subsidiary of Stone Ridge Asset Management also founded by Ross Stevens .... basically has $16 billion in AUM.

NYDIG ABL LLC has done financing deals for other miners .....recently $50+ million at 9.85% with Stronghold Digital Mining.

Can't say I like the 14% interest rate on this deal but at same time SLNH would still be able to 200%+ ROI over the 24 months.

Amigo Mike

[Amigo Mike]

Soluna firing off multiple PRs this morning.

One for an agreement to finance more miners from Bitmain.
Two for the December site financials.

On track +or- 30 days building to 4EH by 1st qtr 2023 which looks like that timeline might have slipped by a few weeks. Regardless, the growth trajectory for 2022 is exceptional. Still looking for this stock to rerate towards valuation of other miners. Still relatively unknown but interest appears to be growing, mgmt has been ultra transparent and has been tweeting and doing numerous interviews in the energy space.

Will be crunching some numbers on the financing.

Amigo Mike

[Amigo Mike]

Soluna Holdings Announces December Site Level Financials
January 18, 2022 07:00 ET | Source: Soluna Holdings, Inc.

Hashrate Continues to Scale and Expect to Hit 1 EH/s by End of March 2022

Expects to Release Earnings Power Illustration for 2022 on January 19th

ALBANY, N.Y., Jan. 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 December site level financials.

Michael Toporek, CEO of Soluna Holdings, stated, “We continue to deliver strong month over month performance. Despite an 18% drop in average BTC price between November and December, our December revenue continued to increase. We expect further earnings acceleration over the next few months as we march toward our target hashrate of over 1 EH/s.”

Key Summary Highlights for December 2021 and Flash Revenue:

o December 2021 Revenue increased despite an 18% decrease in average BTC price between November ($60,621) and December ($49,263)

o Yearly cash contribution margin run-rate at $25.65 million

o Sophie site powered up in December to hit 25MW target

o Hashrate continues to scale and expect to hit 1 EH/s by the end of March (+/- 30 days)

o Hashrate expected to scale as follows +/- 30 days

2022 2023
Q1 Q2 Q3 Q4 Q1

Hashrate Target (EH/s) 1.0 1.3 2.0 3.0 4.0
Target for 2022 is to energize 100 MW with power prices at sub 2.5 c / kWh
Revenue & Contribution Margin Summary
*all number below exclude legacy hosting
($ in 000s; Unaudited)* Q1 2021 Q2 2021 Q3 2021 Dec 2021 Q4 2021
Revenue $995 $1,657 $2,368 $3,243 $8,017
Contribution Margin $744 $1,261 $1,703 $2,138 $5,524
Annualized Revenue $3,980 $6,628 $9,472 $38,916 $32,068
Annualized Contribution Margin $2,976 $5,044 $6,812 $25,656 $22,096

A presentation and corresponding video is available on the Company’s website at https://www.solunacomputing.com/investors/updates/januaryflash2022

[Amigo Mike]

Soluna Holdings, Inc. Announces Signing of Master Equipment Finance Agreement, Purchases Additional Equipment from Bitmain
January 18, 2022 07:00 ET | Source: Soluna Holdings, Inc.

New relationship with NYDIG to support target of 3 EH/s by end of 2022

ALBANY, N.Y., Jan. 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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, announced today that its subsidiary Soluna MC Borrowing 2021-1 LLC (“Soluna MC Borrowing”) has entered into a master equipment financing agreement on December 30, 2021, with NYDIG ABL LLC which outlined the framework for a financing for up to approximately $14.4 million (“Master Agreement”).

Concurrent with this financing agreement, Soluna MC Borrowing entered into a purchase agreement for 110 PH/s of Bitmain S19 equipment that is expected to be delivered from February - June 2022.

Michael Toporek, CEO of Soluna, stated, “This equipment financing agreement with NYDIG gives us non-dilutive capital to continue scaling operations as we ramp up our hash rate.”

Soluna focuses on serving as a problem solver for the renewable energy sector. Soluna’s modular data centers convert excess renewable electricity into clean computing. In 2022 Soluna expects to address the significant market opportunity for batchable computing, which includes scientific research, artificial intelligence, and video processing, to diversify its computing applications beyond cryptocurrency mining.

Under the terms of the agreement, the aggregate principal outstanding of such loans will bear interest between 12-14% and will be repaid over 15-60 months. The debt is guaranteed by the Company’s indirect wholly-owned subsidiary, Soluna MC LLC, formerly EcoChain Block LLC, and is collateralized by the assets purchased by Soluna MC Borrowing and certain digital assets of such borrower.

Subsequently, the parties negotiated the specific terms of each equipment financing transaction as well as the terms upon which the investors would consent to the transactions contemplated by the Master Agreement. On January 14, 2022, Soluna MC Borrowing borrowed loans under the Master Agreement in the aggregate principal amount of approximately $4.6 million that will bear interest at 14% and will be repaid over 24 months.

[Amigo Mike]

Soluna CEO Belizaire podcast.

Great discussion to help understand what this company is doing and where it is going.

Episode 54
http://insidersguidetoenergy.com/stories/1171-2/episodes/

Amigo Mike

[Amigo Mike]

Solid news from SLNH on Air Force Contract today.

Too bad it probably won't do much for the stock. Just further underscores value of the instruments business and surely a factor in it's potential sale price.

Amigo Mike

[Amigo Mike]

Soluna Holdings’ MTI Instruments Division Announces Multi Million Dollar U.S. Air Force Contract
January 07 2022 - 08:00AM
GlobeNewswire Inc.

Soluna Holdings, Inc. (Nasdaq: SLNH), MTI Instruments division, a manufacturer of precision tools and testing equipment for electronics, aviation, automotive, power and other industries, today announced a multi-year and multi-million-dollar contract with the U.S. Air Force (USAF). The total value over the life of the contract is anticipated to be well over $10 million.

The contract includes a one-year base with four extension years and reflects a reaffirmation of the 24-year relationship prior to this award. The USAF has awarded MTI Instruments this contract for the supply of its turbo fan jet engine vibration analysis and balancing solution, PBS. The PBS system and accessories are utilized as part of many USAF turbo fan jet engine testing and maintenance programs to ensure aircraft flight readiness and engine safety. MTI Instruments has been asked to continue the collaboration with USAF to assure maximum availability and support for military assets.

Moshe Binyamin, President and CEO of MTI Instruments, stated, "We are extremely pleased to announce this multi-year and multi-million-dollar order. This repeat order from the U.S. Air Force is a clear example of the high caliber customers that we have built decades long relationships with due to the high quality, and reliability of our essential products and services. We look forward to our continued partnership with USAF and are proud to support them with their mission of maximum readiness.”

About Soluna Holdings, Inc.
Soluna Holdings, Inc. (Nasdaq: SLNH) computing business 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's MTI Instruments division manufactures precision tools and testing equipment for electronics, aviation, automotive, power and other industries. Both Soluna and MTI Instruments use 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.

About MTI Instruments

Based in Albany, New York, MTI Instruments, Inc., a wholly-owned subsidiary of Soluna Holdings Inc., is a global leader in non-contact measurement tools and condition-based monitoring systems with a growing customer base spanning more than 60 countries. MTI Instruments has a rich history in innovation for developing and manufacturing sensors and systems to help clients secure the highest level of accurate measurements in order to drive innovation, identify efficiencies and increase competitiveness. MTI Instruments provides comprehensive solutions to better address challenges and applications within numerous industries, including industrial manufacturing, consumer electronics, semiconductor, solar, commercial and military aviation, automotive, transportation and R&D. For more information, please visit: MTIInstruments.com.

[Amigo Mike]

DOMO Capital just filed SCH13 disclosing 7.4% ownership in SLNH.

Nice ... more of the tiny float locked up for the time being.

Definitely put hit money where his mouth is. Certainly is very very bullish.

https://twitter.com/DOMOCAPITAL

Amigo Mike

[Amigo Mike]

Recent podcast (last week) with John Belizaire.
https://www.myclimatejourney.co/ctss-episodes/soluna

>>>>>>>
We've attracted the interest of some well known clean tech venture firms that are going to be involved in a company that we're not ano- ... allowed to announce it yet, but it'll be coming out, and they're coming into our projects. And we're also bringing in probably some of the largest, most successful infrastructure funds into our projects as well. And so, I think we made the right decision, it gave us a lot of flexibility and a lot of potential for building out these projects and taking it international. So we're pretty jazzed,
<<<<<<<

Listen and read carefully. Lotta good nuggets in there.

Amigo Mike

[gilead23]

They’ve executed very well. The financing has always been a concern for me. This doesn’t help in that regard, but I’m willing to wait for them to outline the approach which should be sometime in the next few weeks. If the preferred yield stays where it is I have to think those financing plans are going to be modified.

I’d like to see some joint ventures which is one of the things they have discussed in the past.

[Amigo Mike]

Yup,

Well on the bright side, small raise. So little damage issuing 400k preferred.

I don't expect Toporek to be perfect so I'll not pound him on this one. Frankly I bought some preferred below $17 today and happy to get a 13+% yield while waiting for him to execute the 2022 plan and the preferred moves back towards PAR.

Amigo Mike

[gilead23]

Yeah dumb move IMO. I would have preferred they wait. Can’t imagine what was so important that they would pay that much for such a small raise.

[Amigo Mike]

I think Toporek made first booboo with this preferred secondary.

Next time let's hope he has learned. Selling existing preferred at a 25% discount is ridiculous. Guessing he got less money than he wanted to raise as well.

I picked up a few preferreds below $17 today. Happy to take in the monthly div at greater than a 13% rate.

Toporek continuing to execute and these will move back towards PAR no problem.

Amigo Mike

[Amigo Mike]

Soluna Holdings, Inc. Announces Pricing of $7.8 Million Series A Preferred Stock Offering

ALBANY, NY - (NewMediaWire) - December 23, 2021 - Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced the pricing of its underwritten public offering of 445,714 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, with a $25.00 liquidation preference per share (the “Series A Preferred Stock”), at a price to the public of $17.50 per share. The Company expects to receive gross proceeds of $7.8 million, before deducting underwriting discounts and other estimated offering fees and expenses. The offering is expected to close on December 28, 2021, subject to customary closing conditions.

The Series A Preferred Stock have been approved for listing on the Nasdaq Stock Market LLC under the symbol “SLNHP”.

The Company has granted the underwriters a 45-day option to purchase up to an additional 66,857 shares of the Series A Preferred Stock (representing 15% of the shares of the Series A Preferred Stock being sold in the offering) to cover over-allotments, if any. The underwriters may exercise this option at any time and from time to time during the 45-day period from the closing of the offering.

SHI intends to use the net proceeds of the offering for the acquisition, development and growth of data centers, including cryptocurrency mining processors, other computer processing equipment, data storage, electrical infrastructure, software and real property, and business, and for working capital and general corporate purposes, which include, but are not limited to, operating expenses.

The Series A Preferred Stock is perpetual and has no maturity date. The Series A Preferred Stock is not redeemable prior to August 23, 2026, except under certain circumstances. On or after August 23, 2026, the Series A Preferred Stock may be redeemed at the Company’s option, in whole or in part, from time to time, at a redemption price of $25.00 per share of Series A Preferred Stock, plus all dividends accumulated and unpaid (whether or not declared) on the Series A Preferred Stock up to, but not including, the date of such redemption. The Series A Preferred Stock may also be redeemed upon the occurrence of certain delisting or change in control events.

Univest Securities, LLC is acting as the sole book running manager for this offering.

[Amigo Mike]

Looks like CEO maintaining commitment to not dilute the common shares. Another preferred offering. Have no problem with it at this point with the exception the PR does not indicate "how much".

Right now the preferred share count is miniscule. Less than 1 million shares.

Amigo Mike

[Amigo Mike]

Soluna Holdings Announces Underwritten Public Offering of Its Series A Preferred Stock
December 20 2021 - 06:00AM

Soluna Holdings, Inc. (Nasdaq: SLNH), a developer of green data centers for cryptocurrency mining and other intensive computing, announced today that it intends to offer shares of its Series A Preferred Stock for sale in an underwritten public offering.
In addition, the Company expects to grant the underwriter a 45-day option to purchase up to an additional 15 percent of the shares of Series A Preferred Stock offered in the public offering solely to cover over-allotments, if any. The Company intends to use the net proceeds from this offering for the acquisition, development and growth of data centers, including cryptocurrency mining processors, other computer processing equipment, data storage, electrical infrastructure, software and real property (i.e., land and buildings) and business, and for working capital and general corporate purposes, which include, but are not limited to, operating expenses. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Univest Securities LLC is acting as the sole book-running manager for the offering.

The securities described above are being offered by Soluna pursuant to a shelf registration statement on Form S-3, as amended (No. 333-261427), previously filed with the Securities and Exchange Commission (SEC) on November 30, 2021 and declared effective by the SEC on December 16, 2021.

The securities will be offered by means of a prospectus supplement and accompanying prospectus relating to the offering that form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Copies of the final prospectus supplement, when available, and accompanying prospectus relating to the offering may be obtained from: Univest Securities LLC, Attention: Prospectus Department, 75 Rockefeller Center, Suite 18C, New York, New York 10019, by email at [e-mail].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

[conix]

Soluna Holdings Announces LOI for the Sale of its MTI Instruments Business

NEW YORK - (NewMediaWire) - December 17, 2021 - Soluna Holdings, Inc. (Nasdaq: SLNH), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced that it has entered into a non-binding letter of intent for the potential sale of its MTI Instruments subsidiary (the “LOI”) with a strategic buyer in the test and measurement space.

Michael Toporek, CEO of Soluna Holdings, stated, "As we committed to shareholders, we would explore potential strategic transactions for our instruments business so that we could focus on being a pure play green computing, zero-carbon computing and cryptocurrency mining company. We have moved to the exclusive phase of a potential transaction.”

Toporek added, “MTI is a great business with a bright future that we know will continue to thrive.”

Moshe Binyamin, President and CEO of MTI Instruments, commented, “This is an exciting time in MTI’s history and evolution. This strategic buyer is a great company with complementary products in large and growing markets and MTI’s vision for accelerated growth and market focus are perfectly in-line with their strategy. We look forward to combining forces so we can further accelerate our collective growth objectives. I am extremely proud of the MTI team for building our top-tier technology and the overall business and am very much looking forward to realizing the incredible opportunity in front of us.”

Per the LOI, the Buyer would acquire 100% of the common stock of MTI Instruments. Additionally, neither the Company nor MTI Instruments is permitted to, directly or indirectly, solicit, or pursue an unsolicited offer from any party other than the Buyer for the sale of MTI Instruments for a prespecified time. The LOI is non-binding except for terms relating to the Buyer’s access to MTI Instruments’ due diligence documentation, solicitation by the Company or MTI Instruments of other offers to buy MTI Instruments, expenses, non-disclosure and the Buyer’s assignment rights. The LOI only represents a mutual indication of interest regarding the Sale and the terms of the Sale are subject to a number of contingencies, including the completion of customary due diligence and the negotiation and execution of definitive agreements. If the Sale is completed, the Company expects that it will exit the instrumentation business and will be focused on developing and monetizing green, zero carbon computing and cryptocurrency mining facilities.

About Soluna Holdings, Inc.

Soluna Holdings, Inc. (Nasdaq: SLNH) computing business 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's MTI Instruments division manufactures precision tools and testing equipment for electronics, aviation, automotive, power and other industries. Both Soluna and MTI Instruments use 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.’

About MTI Instruments

Based in Albany, New York, MTI Instruments, Inc., a wholly-owned subsidiary of Soluna Holdings Inc., is a global leader in non-contact measurement tools and condition-based monitoring systems with a growing customer base spanning more than 60 countries. MTI Instruments has a rich history in innovation for developing and manufacturing sensors and systems to help clients secure the highest level of accurate measurements in order to drive innovation, identify efficiencies and increase competitiveness. MTI Instruments provides comprehensive solutions to better address challenges and applications within numerous industries, including industrial manufacturing, consumer electronics, semiconductor, solar, commercial and military aviation, automotive, transportation and R&D. For more information, please visit: MTIInstruments.com.

Forward Looking Statement

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this communication, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the filing of the registration statement and its ability to provide the Company with important financial flexibility and access to additional forms of growth capital, especially non-dilutive instruments, and the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, the SEC declaring the registration statement effective or the Company’s ability to raise capital using the registration statement if and when it is declared effective, the Company’s ability to establish and maintain the proprietary nature of its technology through the patent process, as well as its ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's filings with the SEC, including the registration statement and its periodic reports.

Investor Relations:

Kirin Smith, President
PCG Advisory, Inc.
646.823.8656
[e-mail]

[Amigo Mike]

Nearly 500k shares traded today with 189k block on the bid at the close.

More stock changing hands at higher levels.

Amigo Mike

[Amigo Mike]

Agreed,

Relative to the next year worth of growth expected SLNH is well undervalued in my book.

Stock looks like it is putting in a new higher base. Glad to pick up a few more shares around the $10 level.

Amigo Mike

[gilead23]

This was good news on the surface. We will have to see what the price ultimately looks like, but they just keep moving along with their plan more or less on schedule.

[Amigo Mike]

Guess today's PR confirms CEO assertions they would explore sale of the Instruments business.

This CEO delivers on what he sez time and again. Of course, we shall see whether he can deliver in that billion dollar company.

So far, he's checking all the boxes.

Amigo Mike

[Amigo Mike]

Soluna Holdings Announces LOI for the Sale of its MTI Instruments Business
December 17 2021 - 09:00AM
GlobeNewswire Inc.

Soluna Holdings, Inc. (Nasdaq: SLNH), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced that it has entered into a non-binding letter of intent for the potential sale of its MTI Instruments subsidiary (the “LOI”) with a strategic buyer in the test and measurement space.
Michael Toporek, CEO of Soluna Holdings, stated, "As we committed to shareholders, we would explore potential strategic transactions for our instruments business so that we could focus on being a pure play green computing, zero-carbon computing and cryptocurrency mining company. We have moved to the exclusive phase of a potential transaction.”

Toporek added, “MTI is a great business with a bright future that we know will continue to thrive.”

Moshe Binyamin, President and CEO of MTI Instruments, commented, “This is an exciting time in MTI’s history and evolution. This strategic buyer is a great company with complementary products in large and growing markets and MTI’s vision for accelerated growth and market focus are perfectly in-line with their strategy. We look forward to combining forces so we can further accelerate our collective growth objectives. I am extremely proud of the MTI team for building our top-tier technology and the overall business and am very much looking forward to realizing the incredible opportunity in front of us.”

Per the LOI, the Buyer would acquire 100% of the common stock of MTI Instruments. Additionally, neither the Company nor MTI Instruments is permitted to, directly or indirectly, solicit, or pursue an unsolicited offer from any party other than the Buyer for the sale of MTI Instruments for a prespecified time. The LOI is non-binding except for terms relating to the Buyer’s access to MTI Instruments’ due diligence documentation, solicitation by the Company or MTI Instruments of other offers to buy MTI Instruments, expenses, non-disclosure and the Buyer’s assignment rights. The LOI only represents a mutual indication of interest regarding the Sale and the terms of the Sale are subject to a number of contingencies, including the completion of customary due diligence and the negotiation and execution of definitive agreements. If the Sale is completed, the Company expects that it will exit the instrumentation business and will be focused on developing and monetizing green, zero carbon computing and cryptocurrency mining facilities

[Amigo Mike]

Have seen SLNH ticker linked with other EV manufacturers tickers this morning ..... would certainly be nice for MTI to announce a win in this arena.

Amigo Mike

[Amigo Mike]

Soluna Holdings’ MTI Instruments Division Enters Advanced Qualification Stage for Electric Vehicle Battery Measurement Device with Several Major Automotive OEM Manufacturers
December 16 2021 - 08:00AM
GlobeNewswire Inc.

Soluna Holdings, Inc. (Nasdaq: SLNH), MTI Instruments division, a manufacturer of precision tools and testing equipment for electronics, aviation, automotive, power and other industries, today announced that it has entered into the advanced qualification stage for its electric vehicle (EV) battery measurement device with several major automotive OEM manufacturers.
Moshe Binyamin, President and CEO of MTI Instruments, commented, “We committed to shareholders that we would communicate with them as we began to get traction in the growing and large EV Battery manufacturing segment. I am pleased to report, we are gaining serious traction.”

Binyamin further added, “In fact, one-system integrator working with a major European automotive manufacturer, recently ordered an additional system to accelerate the final testing and adoption of MTI’s thickness monitoring solution into their manufacturing process.”

Background and System Details

Five systems integrators approach MTI: Beginning in late 2020, MTI was approached by as many as five separate system integrators working on EV battery manufacturing to aid with monitoring the thickness of EV battery elements including the dielectric separator. All constituent elements of the EV battery "basic element" involves exacting precision in material thickness and design compliance for both performance and safety resulting in lower unit costs. MTI has established the core measurement approaches required to measure the key element in a high-volume domain.

The measurement requirement is to deliver a material thickness measurement system that can repeatedly measure in-situ material thickness with micron level accuracy. MTI has been conducting the qualification trials since early 2021 and despite pandemic challenges, MTI’s OEM partners are reporting positive progress.

Link to more information on MTI’s Accumeasure EV System: https://mtiinstruments.com/applications/measure-ev-battery-plate-thickness/

Why the measurement system is important: The EV battery market is experiencing exponential interest and demand and a precise measurement system is essential to optimize battery range, capacity and lower unit costs. If material in the battery is too thin there is a risk of overheating and a possible breach but if the separator is too thick the battery will have diminished capacity. A very precise thickness range needs to be measured and monitored to minimize reject rates. Material compliance needs to be extremely precise with real time thickness feedback as it is being manufactured to be dynamically adjusted.

Evidence that MTI solves an industry wide issue: Binyamin further stated, "We currently have five OEMs in the qualification phase and have worked intimately with each OEM and adjusted our technology to fit their exact needs. Additionally, we are receiving strong interest and qualification testing in multiple parts of the world from top EV car companies in the US, Europe and Asia that are developing high-capacity batteries. With just about every major car manufacturer that is in the electric vehicle adoption phase, there is a clear growing demand with an extremely large market opportunity.”

Ken Ameika, Global Sales Director of MTI Instruments, added, “The encouraging signs around this market are due to both the number of initiatives we have seen around this particular need as well as the follow up order from a major European automotive manufacturer. We remain optimistic about both our prospects to deliver a unique solution and the rapidly developing market of EV battery manufacturing.”

About Soluna Holdings, Inc.
Soluna Holdings, Inc. (Nasdaq: SLNH) computing business 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's MTI Instruments division manufactures precision tools and testing equipment for electronics, aviation, automotive, power and other industries. Both Soluna and MTI Instruments use 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.

About MTI Instruments

Based in Albany, New York, MTI Instruments, Inc., a wholly-owned subsidiary of Soluna Holdings Inc., is a global leader in non-contact measurement tools and condition-based monitoring systems with a growing customer base spanning more than 60 countries. MTI Instruments has a rich history in innovation for developing and manufacturing sensors and systems to help clients secure the highest level of accurate measurements in order to drive innovation, identify efficiencies and increase competitiveness. MTI Instruments provides comprehensive solutions to better address challenges and applications within numerous industries, including industrial manufacturing, consumer electronics, semiconductor, solar, commercial and military aviation, automotive, transportation and R&D. For more information, please visit: MTIInstruments.com.

Forward Looking Statement

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this communication, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the filing of the registration statement and its ability to provide the Company with important financial flexibility and access to additional forms of growth capital, especially non-dilutive instruments, and the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, the SEC declaring the registration statement effective or the Company’s ability to raise capital using the registration statement if and when it is declared effective, the Company’s ability to establish and maintain the proprietary nature of its technology through the patent process, as well as its ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's filings with the SEC, including the registration statement and its periodic reports.

Investor Relations:

Kirin Smith, President
PCG Advisory, Inc.
646.823.8656
[e-mail]

[Amigo Mike]

Nice contract extension for the instruments business. Quality company. Quality customer.

Unfortunately on the small side and not going to move the needle for investors ..... but very nice regardless. Also a reminder the company is much more than crypto mining.

Amigo Mike

[Amigo Mike]

Soluna Holdings’ MTI Instruments Division Announces Record $1.4 Million Order with Global Industrial Manufacturer
December 15 2021 - 08:00AM
GlobeNewswire Inc.

Soluna Holdings, Inc. (Nasdaq: SLNH), MTI Instruments division, a manufacturer of precision tools and testing equipment for electronics, aviation, automotive, power and other industries, today announced a $1.4 million order with a global industrial manufacturer. The contract also includes a 14-year ongoing maintenance and support component representing another high value contract win with recurring revenue.
This repeat order stems from a multi-year customer relationship and is for MTI’s Block Gage measurement device that allows this top tier global industrial manufacturer to perfectly machine ball pistons that require extremely precise accuracy for high power transmissions. MTI uses capacitance technology for micron level accuracy measurement of distance and fit. The customer chose MTI Instruments based on its trustworthiness, dependability, and historical track record, providing the comfort they require to guarantee the high reliability and efficiency of the products they manufacture and repair.

Moshe Binyamin, President and CEO of MTI Instruments, stated, "This record order highlights our commitment to building enterprise value through deepening our understanding of our customers’ needs and providing them with on-going support through multi-year service contracts. We are extremely pleased to announce this significant order as it showcases why top tier customers respect and trust our subject matter expertise.” Moshe added: “The relationship began in 2008 with the first version of our Block Gage measurement tool, followed by our second-generation product in 2013, and currently with our next generation capacitance-based technology. Furthermore, this award exemplifies our shift to become a trusted advisor to our customers by providing high precision measurement solutions with on-going support.”

Ken Ameika, Global Sales Director of MTI Instruments, added, “Our customers demand high reliability of their critical tools and we have transformed the relationship with this global customer from a transactional equipment provider to a long-standing multi-year partnership.”

[Amigo Mike]

https://investorsprism.com/soluna-holdings-converts-excess-energy-to-cash-for-solar-and-wind-farms/
>>>>>>
SOLUNA HOLDINGS CONVERTS EXCESS ENERGY TO CASH FOR SOLAR AND WIND FARMS
December 14 at 1:01 pm - by Editor Investors Prism

Soluna Holdings CEO, Michael Toporek, and John Belizaire, CEO of Soluna Computing and EcoChain, Inc. Discuss Why Computing is the Future of Renewable Energy

Michael Toporek and John Belizaire had an idea. What if they could build scalable data centers that consumed excess renewable energy? It would solve a problem for solar and wind farms by converting excess energy that would otherwise go to waste, into cash. It would also increase computing power for a planet sorely in need of additional bandwidth.

That idea is now a reality, and Soluna Holdings (SLNH) is one of the fastest growing companies in the green energy space. The market for Soluna’s services is estimated at between $60 and $80 billion, and includes crypto mining, which is roughly 10% of that number. For Toporek, that’s a home run.

“Our vision is to have a renewable-powered network of data centers all over the world that are always running, either selling computing services to somebody, or filling the extra time or energy with crypto mining or data crunching,” Michael said in a recent video conversation with Belizaire. “Imagine a hotel room where every room is sold every single minute.”

[Watch the video https://vimeo.com/651129289]

Soluna Launches Clean Power Assessment Service

In November, Soluna Holdings announced a new custom curtailment assessment service for clean energy providers. The NDA-protected estimating tool is designed to measure energy production reduction and its impact on the profitability of solar and wind farms. Curtailment is a common practice to prevent excess energy generation.

“In our early days as a wind developer, we learned that curtailment could cause up to 30% losses in profit potential,” said Belizaire. “It’s an avoidable cost. With this new curtailment assessment, we’re now able to alleviate margin worries for clean energy facility owners. Costs for curtailment can range up to $2 million a year.”

The losses Belizaire is referring to come from an inability to deliver on power purchase agreements and the loss of production tax credits and renewable energy certificates. Soluna Holdings can now assess how reducing power output is affecting profits and offer a solution, through its scalable data centers, to eliminate curtailment completely.

Positioned for Hyper-Growth Mode in 2022

Having already proven that their scaling model works, Toporek and Belizaire are aggressively pursuing strategic expansion and expect the company to grow exponentially in 2022.

“Our goal is to get to zero wasted energy as quickly as possible,” Toporek said. “In my mind, scaling is a problem measured in gigawatts, not megawatts. I think within three years, we’ve got a global enterprise that’s solving this on at least three or four continents. And we’ve got gigawatts under management. Getting from here to there, that’s exciting to me.”

[Amigo Mike]

Hope y'all viewed the update for December from SLNH CEO.

This is not just about crypto. Batchable computing at lowest cost has multiple multibillion dollar verticals.

$10 billion - Crypto
$5 billion - Pharma research
$40 billion - graphics and video processing
$40 billion - Scientific research

Plenty of avenues to monetize. Some of this takes on the big boyz like AWS and SLNH can do it at lower cost.

By end of 1st qtr 2022 .... expecting annual revenue rate at ~$60 million .... gross margin cash ~$40 million. $10 price tag for this kind of growth is ridiculously low.

See the latest update
https://www.solunacomputing.com/investors/

Amigo Mike

[Amigo Mike]

Soluna Announces November Site Level Financials

Financial Results Accelerating; Remains On Track to Deliver Over 1EH/s by End of Q1’22

NEW YORK, NY, Dec. 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Soluna Holdings, Inc. (Nasdaq: SLNH), a developer of green data centers for cryptocurrency mining and other intensive computing, announced today the release of its November site level financials, business update and outlook.

Michael Toporek, CEO of MTI, stated, "Our team delivered another solid month of strong performance. We expect financial results to accelerate over the next several months as we remain on track to deliver over 1EH/s by the end of Q1 next year. That should drive a yearly revenue run-rate exceeding $61 million and cash contribution margin over $40 million. It is extremely gratifying to see our team executing at this level.”

Key Summary Highlights for November 2021

Strong financial results continuing to scale and will accelerate over the next several months

Current yearly cash contribution margin run-rate at $23.3 million

Currently at 623 PH/s (December 9th), expect to hit 722 PH/s in +/- 30 days due to supply chain issues

Targeted 912 PH/s by end of Q1 2022 and expect to exceed that with over 1 EH/s

Expect to have Sophie (Anaconda) scaled up to 25 MW and fully energized by December 31st

Continue to carefully ramp and test infrastructure

*all numbers below exclude legacy hosting

($ in 000s; Unaudited)*

Q1 2021

Q2 2021

Q3 2021

Oct 2021

Nov 2021

Revenue

$995

$1,657

$2,368

$2,142

$2,632

Contribution Margin

$744

$1,261

$1,703

$1,444

$1,943

Annualized Revenue

$3,980

$6,628

$9,472

$25,704

$31,583

Annualized Contribution Margin

$2,976

$5,044

$6,812

$17,328

$23,311



A presentation and corresponding video is available on the Company’s website at solunacomputing.com/investors/updates/monthlyflashnovember2021

About Soluna Holdings, Inc.

Soluna Holdings, Inc. (Nasdaq: SLNH) 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's MTI Instruments division manufactures precision tools and testing equipment for electronics, aviation, automotive, power and other industries. Both Soluna and MTI Instruments use 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.

Forward-Looking Statement

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this communication, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the filing of the registration statement and its ability to provide the Company with important financial flexibility and access to additional forms of growth capital, especially non-dilutive instruments, and the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, the SEC declaring the registration statement effective or the Company’s ability to raise capital using the registration statement if and when it is declared effective, the Company’s ability to establish and maintain the proprietary nature of its technology through the patent process, as well as its ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's filings with the SEC, including the registration statement and its periodic reports.

Investor Relations:

Kirin Smith, President
PCG Advisory, Inc.
646.823.8656
[e-mail]

[Amigo Mike]

Nice dump in BTC price this weekend is likely to result in some pain for SLNH this week. So be it. I'll be happy to pick up some shares cheaper.

Amigo Mike