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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Soluna Holdings Inc | NASDAQ:SLNH | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.69 | 2.57 | 2.64 | 0 | 01:00:00 |
Offers Comprehensive Updates on Company and Project Sites; Launches new data center design program
Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today detailed company and site level updates, including its record low power costs being realized in October at its Project Dorothy 1 site, and its plans to include a high performance computing and AI pilot as part of Project Dorothy 2.
John Belizaire, CEO of Soluna Holdings, commented, “Our business fundamentals continue to improve. We are proud to say that we are executing well against our plan. Project Dorothy 1 is now fully operational and our costs are optimized. Our technology, data centers and MaestroOS software, is working as planned, and we are poised to take advantage of the exploding AI market. This is beginning to attract new strategic partners. I want to thank our investors who have been patient with us and are with us for the long haul.”
The Company has provided the following Corporate and Site Updates.
Corporate Highlights:
Key Company Metrics:
Metric [All sites]
YTD [Sep]
YTD [Oct]
Installed Hashrate
2.6 EH/s
2.6 EH/s
Total Power Capacity
75 MW
75 MW
Average Operating Hashrate [Prop & Hosting]
2.2 EH/s
2.36 EH/s
Average Power Cost
$30 / MWh
$30 / MWh
Average J/TH (across all sites)
30 J/TH
30 J/TH
Power Usage Effectiveness
1.01
1.01
Curtailed Energy Consumed (Project Dorothy 1A & 1B)
1,307 MWh
4,003 MWh
Bitcoin Miners Deployed
23,655
23,655
Project Dorothy 1A (950 PH/s, 25 MW, Hosting):
Project Dorothy 1A Metrics:
Metric
YTD [Sep]
YTD [Oct]
Power Usage Effectiveness (PUE)
1.01
1.01
Curtailed Energy Consumed YTD
1,068 MWh
2,501 MWh
Project Dorothy 1B (815 PH/s, 25 MW, Prop-Mining):
Project Dorothy 1B Metrics:
Metric
YTD [Sep]
YTD [October]
Average Operating Hashrate (PH/s)
588
660
Total Bitcoin Mined
53
96
Power Usage Effectiveness (PUE)
1.01
1.01
Curtailed Energy Consumed YTD
239 MWh
1,502 MWh
Project Sophie (844 PH/s, 25 MW, Hosting):
Project Sophie Metrics:
Metric
YTD [Sep]
YTD [October]
Power Usage Effectiveness
1.02
1.02
Average Power Cost
$31 /MWh
$28 /MWh
Project Kati (166 MW):
View Soluna’s Earnings Power Presentation here.
View Soluna’s latest Discussion on Crypto and the second half of 2023 for the company here.
*Note: October metrics are as of October 23, 2023
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.
About Soluna Holdings, Inc. (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
View source version on businesswire.com: https://www.businesswire.com/news/home/20231024055495/en/
Sam Sova Founder and CEO SOVA Sam@teamsova.biz
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