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 Signs Term Sheet with Renewable Energy Leader for New Data Center Project • Business Wire • 09/16/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 09/11/2024 12:00:00 PM
- Soluna Secures New $25M Growth Capital Line • Business Wire • 09/09/2024 12:00:00 PM
- Soluna Breaks Ground on Project Dorothy 2, its Flagship Sustainable Data Center in Texas • Business Wire • 08/29/2024 12:00:00 PM
- Soluna to Participate in Water Tower Research Fireside Chat Series • Business Wire • 08/26/2024 12:00:00 PM
- Soluna Holdings Reports Strong Adjusted EBITDA and Q2’24 Results • Business Wire • 08/15/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 08/07/2024 12:00:00 PM
- Soluna Announces Sustainable AI Soluna Cloud Supported by Hewlett Packard Enterprise • Business Wire • 07/30/2024 12:00:00 PM
- Soluna Closes $30M Funding from Spring Lane Capital for Project Dorothy 2 • Business Wire • 07/24/2024 12:00:00 PM
- Soluna Cloud Expands Funding for AI Business to $13.75 Million • Business Wire • 07/17/2024 12:00:00 PM
- Soluna Announces Immediate Availability of Sustainable AI Cloud Services • Business Wire • 07/11/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 07/09/2024 12:00:00 PM
- Soluna Unleashes First Batch of NVIDIA GPUs, Targeting $80 Million Revenue Over Three Years • Business Wire • 06/24/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 06/05/2024 12:00:00 PM
- Soluna to Participate in Water Tower Research Fireside Chat Series • Business Wire • 06/04/2024 12:00:00 PM
- Soluna Holdings’ CEO John Belizaire Shares Roadmap to Profitability in Shareholder Letter • Business Wire • 05/23/2024 12:00:00 PM
- Soluna Signs Power Purchase Agreement with EDF Renewables for Texas Data Center Project • Business Wire • 05/22/2024 12:00:00 PM
- Soluna Secures $30M from Spring Lane Capital to Fuel Project Dorothy 2 • Business Wire • 05/21/2024 12:00:00 PM
- Soluna Holdings Reports Q1’24 Results • Business Wire • 05/16/2024 12:00:00 PM
- 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
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- Soluna Announces Monthly Business Update • Business Wire • 04/08/2024 12:00:00 PM
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