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
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Recent SLNH News
- Soluna Launches New AI Cloud Service in Collaboration with Leading High Performance Computing Company • Business Wire • 05/08/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 05/06/2024 12:00:00 PM
- Soluna to Participate in Water Tower Research Fireside Chat Series • Business Wire • 04/22/2024 12:00:00 PM
- AI & Technology Hybrid Investor Conference Agenda: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 04/12/2024 02:07:03 PM
- AI & Technology Hybrid Investor Conference Presented by Water Tower Research Agenda Announced for April 10 and 11 • GlobeNewswire Inc. • 04/09/2024 02:26:42 PM
- Soluna Announces Monthly Business Update • Business Wire • 04/08/2024 12:00:00 PM
- Soluna Appoints John Tunison as Chief Financial Officer • Business Wire • 04/03/2024 12:00:00 PM
- Soluna Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 04/02/2024 12:00:00 PM
- Soluna to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10 • GlobeNewswire Inc. • 04/01/2024 12:00:00 PM
- Soluna Announces First AI Hosting Installation Complete • Business Wire • 03/21/2024 12:22:00 PM
- Soluna’s Project Dorothy 2 Prepares to Deliver $14M in Potential Operating Profit • Business Wire • 03/14/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 03/07/2024 01:00:00 PM
- Soluna Inks Agreement with Noteholders to Bolster Balance Sheet Ahead of Halving • Business Wire • 03/01/2024 01:00:00 PM
- Soluna Ventures into AI Hosting with Co-location Agreement • Business Wire • 02/14/2024 01:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 02/08/2024 01:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 01/25/2024 02:25:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 01/24/2024 01:15:00 PM
- Soluna Secures 8.8 MW Hosting Deal with Leading Bitcoin Miner • Business Wire • 01/22/2024 01:42:00 PM
- Soluna to Participate in Water Tower Research Fireside Chat Series • Business Wire • 01/15/2024 01:00:00 PM
- Soluna’s Project Dorothy Outperforms Traditional Centers with an 18% Lower Carbon Footprint • Business Wire • 01/03/2024 01:00:00 PM
- Soluna Reveals Exciting December Progress: Significant Business Achievements and Project Developments • Business Wire • 12/21/2023 01:00:00 PM
- Water Tower Research US Climate Virtual Investor Conference: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 12/08/2023 01:35:00 PM
- Water Tower Research US Climate Investor Conference Agenda Announced for December 7th, 2023 • GlobeNewswire Inc. • 12/04/2023 01:35:00 PM
- Soluna JumpStarts Ancillary Services Revenue • Business Wire • 11/30/2023 04:32:00 PM
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