SOLUNA HOLDINGS INC (SLNH)
Information Technology · digital infrastructure & Bitcoin mining · NASDAQ
Soluna Holdings builds renewable-energy-powered data centers for Bitcoin mining and AI/HPC computing applications.
What SOLUNA HOLDINGS INC does
Soluna Holdings develops, owns, and operates digital infrastructure for energy-intensive computing by colocating data centers with renewable energy power plants under its "Renewable Computing" model. The company operates across Bitcoin mining and hosting, AI/HPC data center leasing, demand response services, and wind energy generation. Its proprietary software, MaestroOS, optimizes power consumption and performance for its infrastructure across its sites.
Recent developments
In Q2 2026, Soluna completed the vertical integration of its Project Dorothy 1 campus and acquired the Briscoe Wind Farm. The company also signed a joint venture with Metrobloks for the 350 MW Project Kati 2 and expanded its development pipeline for AI and HPC workloads to approximately 6.3 GW.
From SOLUNA HOLDINGS INC's filing of 2026-08-13.
Themes: renewable computing, Bitcoin mining, AI infrastructure, high-performance computing, data centers, demand response
Fundamentals
- Price$0.9494 as of 2026-10-08 close
- Market cap$150M as of 2026-05-12 (share count; price 2026-10-08)
- 1-year return-66.5% 2025-10-08 close $2.83 → 2026-10-08 close $0.9494
- P/En/a negative earnings
- Net margin-179.7% FY2025, SEC XBRL
- Gross margin+6.1% FY2025, SEC XBRL
- ROE-99.7% FY2025, SEC XBRL
- Debt / equity0.59 as of 2026-09-02
- Revenue growth (YoY)+5.6% as of 2026-09-02
- Beta2.61 as of 2026-09-02
- Last reported earnings2026-08-13 SEC EDGAR Form 8-K (Item 2.02)
How SLNH compares in its sector
- net profit marginbottom 10% 380 covered Information Technology peers, as of 2026-09-02
- operating marginbottom 10% 375 covered Information Technology peers, as of 2026-09-02
- gross marginbottom 10% 311 covered Information Technology peers, as of 2026-09-02
- return on equitybottom 10% 370 covered Information Technology peers, as of 2026-09-02
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 382 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which SLNH reported a dividend payment is FY2021, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2021 ratio would not describe SLNH today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2021) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How SOLUNA HOLDINGS INC looks technically
SOLUNA HOLDINGS INC (SLNH) is trading 23.4% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 159 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 31, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative). It just made a new 20-day low, its first since 2026-04-13, breaking below its recent trading range. It is 81.5% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 23.4% below its 200-day average, the long-term trend line — a long-term downtrend | -23.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $1.18 | $1.18 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $1.24 | $1.24 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 17 calendar days ago — the swings before that are what the structure reading is measured on | 17 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 1.32. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 159 trading days ago — a "death cross", a bearish long-term signal | 159 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend | 17.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 31, neither overbought (above 70) nor oversold (below 30) | 31.3 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($0.9295 to $1.32) — its "stochastic" reading is 5 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 5.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative) | 7 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $5.14 | $5.14 |
|---|---|---|
| From the 52-week high | it is 81.5% below its 52-week high (its highest price of the past year) | -81.5% |
| Above the 52-week low | it is 60.9% above its 52-week low (its lowest price of the past year) | +60.9% |
| Below the 52-week high | it is 81.5% below its highest point of the past year | 81.5% |
| Since a 20-day breakout | it just made a new 20-day low, its first since 2026-04-13, breaking below its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day low, its first since 2026-04-13, breaking below its recent trading range | 1 session |
| All-time high | its highest closing price on record is $6733.33 (set on 2000-03-13) | $6733.33 |
| Given back of the 52-week move | over the past year its closes ranged ($0.61 to $4.42), and it has recovered only a small part of its fall from last year’s high — 9% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $2.96 to $3.09. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 8.9% |
| From the all-time high | it is 100.0% below its all-time high | -100.0% |
| Nearest price level | it is trading 4.7% above a support level at $0.905 — a price it turned at twice since 2025-02-28, most recently on 2026-04-29. Since 2024-10-08 it has 2 such levels below the current price and 9 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -4.7% |
| All-time low | its lowest closing price on record is $0.36 (set on 2025-04-04) | $0.36 |
| Above the all-time low | it is 163.7% above its all-time low | +163.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 43rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.076 between its high and its low — about 8.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.076 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $0.96 and $1.33 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $0.96 – $1.15 – $1.33 |
| Typical daily range (% of price) | its price moves about 8.0% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 8.0% |
| Stretch from the 200-day average | it is trading 3.8 daily ranges below its 200-day average price (23.4% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 3.8 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.72× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 1.0% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -1.0% |
|---|---|---|
| Gap filled | a 3.9% gap up opened on 2026-10-06 has been "filled" 1 session ago — price traded back through the level the gap left behind, and it took 1 session to close | 1 session ago |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -9.58% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 26.3 percentage points (the stock lost 25.2% while the market gained 1.0%) | -26.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 30.8 percentage points (the stock lost 27.0% while the market gained 3.8%) | -30.8% |
| vs market, 6 months | over the past 6 months this stock beat the market by 16.3 percentage points (the stock gained 33.7% while the market gained 17.5%) | +16.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 81.4 percentage points (the stock lost 66.5% while the market gained 15.0%) | -81.4% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: outperforming the market over 6 months, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 21% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 24.5% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -21.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 33% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $1.43 — a volume-weighted average of daily closes over 193 sessions, not a true tick-by-tick VWAP. | -33.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 19% below the average price paid since it last reported on 2026-08-13 (its 10-Q), so the typical buyer over that stretch is under water. That average is $1.18 — a volume-weighted average of daily closes over 40 sessions, not a true tick-by-tick VWAP. | -19.4% |
Price levels it has turned at before
SLNH last closed at $0.9494 on 2026-10-08. Since 2024-10-08 it has turned at 2 prices below its last close and 9 above; the 2 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $0.905 | Support | 4.7% below the last close | turned there twice · 2025-02-28 to 2026-04-29 |
| $1.08 | Resistance | 14.1% above the last close | turned there three times · 2025-03-25 to 2026-08-07 |
| $1.10 | Resistance | 15.9% above the last close | turned there three times · 2025-03-17 to 2026-09-15 |
| $1.25 | Resistance | 31.7% above the last close | turned there twice · 2025-12-18 to 2026-06-05 |
| $0.53 | Support | 44.2% below the last close | turned there twice · 2025-06-23 to 2025-08-27 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $1.32.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 9 trading days, since 2026-09-28.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · trendless / choppy (low ADX) · beating the market · Most volatile (6%+ typical daily range) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$4.00 range $4.00 – $4.00
Analyst estimates, as of 2026-10-05. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for SLNH
- Consensus EPS estimate-$0.06 next reporting period, as of 2026-10-05
- Estimate change, 30 days$0.00 from -$0.06, on 2026-08-31, 35-day window
- Readings revised upward14% of 7 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High dependence on a small number of customers for hosting revenue.","Volatility in Bitcoin market prices and network difficulty.","Significant negative net margins and reliance on external capital to fund infrastructure expansion."]
What changed in the latest 10-Q
AI-assisted comparison of SLNH's 10-Q filed 2026-05-15 against the prior one filed 2025-11-14.
Management's Discussion & Analysis (MD&A)
The two filings could not be meaningfully compared for this section.
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
4 open-market purchases and 13 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-040 buys · 1 sell ($37800) — 1 selling insider
- Last 90 days · read to 2026-10-044 buys ($117000) · 13 sells ($699359) — 2 buying, 4 selling insiders
- Last 180 days · read to 2026-10-045 buys ($280200) · 23 sells ($1M) — 2 buying, 6 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-23. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about SLNH's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding SLNH as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 10,608,180
- Reported value $14,321,043
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 2 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about SLNH's institutional holders → See what each manager we track holds →
Short interest (FINRA)
SLNH had 24,350,586 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
SLNH had 15.4% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.44 days to cover at the same settlement.
- Reported short interest (shares) 24,350,586
- Short interest (% of shares outstanding) 15.4%
- Prior settlement (shares) 25,248,474
- Reported change -3.56%
- Days to cover (reported) 3.44
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Marathon Digital (MARA)
- Riot Platforms (RIOT)
- CleanSpark (CLSK)
- Core Scientific (CORZ)
- TeraWulf (WULF)
- Iris Energy (IREN)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does SOLUNA HOLDINGS INC (SLNH) do?
Soluna Holdings develops, owns, and operates digital infrastructure for energy-intensive computing by colocating data centers with renewable energy power plants under its "Renewable Computing" model. The company operates across Bitcoin mining and hosting, AI/HPC data center leasing, demand response services, and wind energy generation. Its proprietary software, MaestroOS, optimizes power consumption and performance for its infrastructure across its sites.
What sector is SOLUNA HOLDINGS INC (SLNH) in?
SOLUNA HOLDINGS INC (SLNH) is classified in the Information Technology sector. Its industry is digital infrastructure & Bitcoin mining. It trades on NASDAQ.
Who are SOLUNA HOLDINGS INC's (SLNH) competitors?
Notable peers of SOLUNA HOLDINGS INC (SLNH) include Marathon Digital, Riot Platforms, CleanSpark, Core Scientific and TeraWulf. This peer set is informational only — not financial advice.
Is SOLUNA HOLDINGS INC (SLNH) overbought or oversold right now?
SOLUNA HOLDINGS INC (SLNH) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 31, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on SLNH come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.