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.
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.