SOLUNA HOLDINGS INC (SLNH)
Information Technology · Renewable-powered data center and Bitcoin mining infrastructure · NASDAQ
Renewable energy data center operator monetizing curtailed power through Bitcoin mining, hosting, and AI/HPC infrastructure under a proprietary software optimization platform.
What SOLUNA HOLDINGS INC does
Soluna Holdings develops and operates data centers colocated with renewable energy power plants, converting underutilized renewable energy into computing capacity for energy-intensive applications. The company operates under its "Renewable Computing™" model, providing Bitcoin mining, Bitcoin hosting and colocation services, and developing AI/HPC infrastructure. Core operations are managed by MaestroOS, a proprietary software platform that optimizes power consumption and operating performance across facilities.
Themes: ["Bitcoin mining and hosting","AI and HPC infrastructure","Renewable energy utilization","Data center operations","Grid demand response services","Energy optimization and curtailment management"]
Fundamentals
- Price$1.30 as of 2026-07-09 close
- Market cap$205M as of 2026-07-10
- 1-year return+52.9% as of 2026-07-09 close
- Net margin-190.9% as of 2026-07-10
- Gross margin+21.7% as of 2026-07-10
- ROE-145.6% as of 2026-07-10
- Debt / equity0.59 as of 2026-07-10
- Revenue growth (YoY)+5.6% as of 2026-07-10
- Beta5.02 as of 2026-07-10
Key risks (from latest filing)
["High revenue concentration — two customers accounted for 59% of hosting revenue (34% of total) as of 2025","Deep unprofitability with -190.88% net margin and significant negative cash flow despite revenue growth","Bitcoin halving events and cryptocurrency market volatility directly impact mining economics and customer demand"]
Competitors & peers
- Marathon Digital Holdings
- Riot Platforms
- CoreWeave
- Lambda Labs
- Crusoe Energy
- Compute North
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.