Soluna Holdings Inc (SLNH)

[HokieHead]

Took 2,500 here at $0.85. Nice news Friday. MKTY recently formed a new Delaware company, new business combo of MTI and Soluna Technologies, called EcoChain Inc, could have some huge upside.

PPS: $0.85
OS: 9.5m
Float: 5.3m
Market Cap: $8m

MKTY has no debt, $7m in ttm revenues, $2.7m cash ($0.28 a share), is 45% owned by insiders of which 40% is owned by Brookstone Partners, which happens to be an equity holder in Soluna Technologies as well. They only invest in companies doing $2.5m minimum in EBITDA. That’s bottom line, not sales..

http://www.brookstonepartners.com

Brookstone made a $2.7m investment for their 3.75m shares a few years ago and still hold them, so investment price is $0.72 a share, not much under current PPS. I think they are ready to start to see a ROI here, the investment PR stated it was to be able to make use of MTIs $51m in NOLs, which is well over $5 a share in NOLs.

The Company is forming a new business line focusing on cryptocurrency mining and in connection with that has entered into a long-term strategic relationship with Soluna Technologies, Ltd. (Soluna), a company focused on powering the blockchain economy with clean, low-cost renewable energy. Soluna develops vertically integrated, utility-scale computing facilities focused on cryptocurrency mining and cutting-edge blockchain applications.

MTIs EcoChain will join Soluna and a growing group of startups, including Hut8, Bitfarm, and Peter-Thiel-backed Layer 1, developing utility-scale computing infrastructure for the blockchain, powered by renewable energy.

Hut8: OTCQX $118m valuation
Bitfarm: OTC Pink: $45m valuation
Layer 1: Private but said to be worth $200m

https://www.google.com/amp/s/fortune.com/2019/10/15/what-is-bitcoin-mining-layer1-peter-thiel-crypto-investment/amp/

Soluna has created one of the worlds biggest renewable energy Blockchain facilities, they basically make the energy cost of mining non existent creating a more profitable company. Owned energy makes energy price fluctuations not matter.

https://cdn2.hubspot.net/hubfs/4760284/Solunafinal.pdf

https://www.businesswire.com/news/home/20180727005498/en/Soluna-Launching-World’s-Utility-Scale-Blockchain-Infrastructure-Company

https://soluna.io

Brookstone may be on to something here, looks to me a combo of MTI’s ticker and products along with Soluna’s renewable energy capabilities and Blockchain infrastructure could make MKTY very undervalued here.

CC on the 30th, should be interesting:

In conjunction with this announcement, MTI will host a conference call with MTIs management and certain members of its Board of Directors at 11:30 AM ET on Thursday, January 30, 2020 (conference call details will be posted next week on MTIs website).


https://www.otcmarkets.com/stock/MKTY/news/Establishment-of-New-Business-Line-and-Strategic-Investment-related-to-Blockchain-and-Cryptocurrency?id=251580

https://backend.otcmarkets.com/otcapi/company/financial-report/238618/content