Soluna Holdings, Inc. ( (SLNH) ) has provided an update.
On April 15, 2025, Soluna Holdings, Inc. announced the signing of definitive agreements to secure two parcels of land in Texas for the development of Project Kati, a 166 MW data center site. This project, in collaboration with EDF Renewables and Masdar, aims to power advanced computing applications, including Bitcoin mining and AI. The project will be executed in two phases, with the first phase of 83 MW expected to enhance Soluna’s capacity to over 206 MW. This milestone is significant for Soluna as it sets the stage for construction and investment, positioning the company to scale its sustainable Bitcoin and AI infrastructure.
Spark’s Take on SLNH Stock
According to Spark, TipRanks’ AI Analyst, SLNH is a Underperform.
Soluna Holdings faces substantial financial challenges, with negative equity and profitability issues weighing heavily on its overall score. Although positive corporate events suggest potential growth, the absence of a sustainable financial base and unattractive valuation metrics remain major concerns. Technical analysis suggests the possibility of recovery, but the lack of supportive indicators tempers enthusiasm.
To see Spark’s full report on SLNH stock, click here.
More about Soluna Holdings, Inc.
Soluna Holdings, Inc. is a company focused on transforming surplus renewable energy into global computing resources through the design, development, and operation of digital infrastructure. Their data centers, which are co-located with renewable energy sources like wind, solar, or hydroelectric power plants, support high-performance computing applications such as Bitcoin mining and Generative AI. Soluna aims to make renewable energy a global superpower, leveraging their proprietary software MaestroOS™ to provide sustainable computing solutions.
YTD Price Performance: -71.61%
Average Trading Volume: 581,975
Technical Sentiment Signal: Buy
Current Market Cap: $7.73M
See more insights into SLNH stock on TipRanks’ Stock Analysis page.