We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.1501 | 6.18% | 2.5801 | 2.58 | 2.62 | 3.04 | 2.55 | 3.04 | 13,915,276 | 00:59:50 |
Company Reduces Convertible Debt by Over $4 Million
Plans Capital Raise for New AI Venture
Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced its January project site-level operations, developments, and updates.
John Belizaire, CEO of Soluna Holdings, commented, “We've reached major milestones in 2023, and our unwavering commitment to operational excellence propels us forward as we make further strides to grow our business in 2024. I want to express my gratitude to our exceptional team for their ongoing commitment to our success.”
The Company has provided the following Corporate and Site Updates.
Corporate Highlights:
Key Company Metrics:
Metric [All sites]
Oct
Nov
Dec
Installed Hashrate
2.6 EH/s
2.5 EH/s
2.6 EH/s
Total Installed Power Capacity
75 MW
75 MW
75 MW
Average Operating Hashrate
2.3 EH/s
2.3 EH/s
2.3 EH/s
Prop Mining
690 PH/s
764 PH/s
680 PH/s
Hosting
1.6 EH/s
1.5 EH/s
1.6 EH/s
Average Power Cost*
$30 / MWh
Average J/TH (across all sites)
29 J/TH
30 J/TH
29 J/TH
Curtailed Energy Consumed (Project Dorothy 1A & 1B)
11,664 MWh
17,544 MWh
22,601 MWh
Bitcoin Miners Deployed
23,655
23,571
23,728
*Note: Long-term contracted average. Does not represent a month-to-month average.
Key Project Updates
Project Dorothy 1A ( 953 PH/s, 25 MW, Hosting):
Metric
Oct
Nov
Dec
Total Power Consumed YTD
60,624 MWh
76,652 MWh
90,976 MWh
Curtailed Energy Consumed YTD*
6,397 MWh
9,392 MWh
11,932 MWh
*Note: Curtailed Energy is energy produced by the wind farm and consumed by Soluna’s Project Dorothy, which the grid either could not absorb or did not deem economically valuable.
Project Dorothy's operations continue to remain strong through the winter months.
Project Dorothy 1B ( 816 PH/s, 25 MW, Prop-Mining):
Metric
Oct
Nov
Dec
Average Operating Hashrate (PH/s)
690
764
680
Total Bitcoin Mined YTD
96
143
162
Total Power Consumed YTD
37,003 MWh
52,444 MWh
66,627 MWh
Curtailed Energy Consumed YTD*
5,267 MWh
8,152 MWh
10,668 MWh
*Note: Curtailed Energy is energy produced by the wind farm and consumed by Soluna’s Project Dorothy, which the grid either could absorb or did not deem economically valuable.
Project Sophie (653 PH/s, 25 MW, Hosting with Profit Share):
Metric
Oct
Nov
Dec
Average Operating Hashrate (PH/s)*
770
658
701
*Note: Under our contract at Project Sophie, we are only allowed to operate 83% of the time. The average has been adjusted to contemplate only the hours we are contractually permitted to run.
Project Dorothy 2 (50 MW):
Project Kati (166 MW):
View Soluna’s Earnings Power Presentation here.
View Soluna’s recent AMA here.
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.
In addition to figures prepared in accordance with GAAP, Soluna from time to time presents alternative non-GAAP performance measures, e.g., EBITDA, adjusted EBITDA, adjusted net profit/loss, adjusted earnings per share, free cash flow. These measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. Alternative performance measures are not subject to GAAP or any other generally accepted accounting principle. Other companies may define these terms in different ways.
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/20240124316818/en/
Sam Sova Partner and CEO SOVA Sam@letsgosova.com
1 Year Soluna Chart |
1 Month Soluna Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions