Soluna Holdings (SLNH) Announces Monthly Business Update

Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced its November project site-level operations, developments, and updates.

The Company has provided the following Corporate and Site Updates.

Key Company Metrics:

The monthly metrics are now available here.

Corporate Highlights:

• Q3-2024 Results: $18.8 Million Increase in Year-to-Date Revenue Year-Over-Year and Record Revenue Year-to-Date of $29.7 Million. Read the full update here.
• CEO John Belizaire on the Humans in AI Podcast to discuss how Soluna is solving the wasted energy issue by co-locating data centers with renewable energy plants. Listen here.
• CFO John Tunison’s Fireside Chat with Water Tower Research is available to watch now. Sign up here to view.
• New Blog: We’re exploring renewable-powered AI and what it might take to build an integrated energy ecosystem. Read more here.

Key Project Updates:

Project Dorothy 1A (25 MW, Bitcoin Hosting) / Project Dorothy 1B (25 MW, Bitcoin Prop-Mining):

• Two new customer deployments are underway totaling 20 MW of upgraded equipment

Project Dorothy 2 (48 MW, Bitcoin Hosting):

• The substation interconnection civil scope of work has been completed and the electrical tie-in is scheduled for mid-January
• Completion of phase 1 continues to progress with continued progress on the erection of Modular Data Center buildings as well as the office

New Project Grace (2 MW at Dorothy 2, AI Cloud/Hosting):

• Microgrid and Cooling designs for behind-the-meter integration concept design is underway. This is critical to achieving the unique requirements necessary for behind-the-meter projects.

New Project Ada (1 MW, AI Cloud with HPE):

• We signed a deal with SFCompute to deliver on-demand GPUs in their online marketplace and it went live on December 1st.
• The sales pipeline exceeds 512 GPUs.

Project Sophie (25 MW, Bitcoin Hosting with Profit Share, AI Hosting):

• The site has continued to operate at a high level as cooler temperatures persist into the fall season.

Project Kati (166 MW, Bitcoin Hosting and AI):

• Phase 1 of the substation interconnection focused on the civil scope of work is underway.

View Soluna’s recent AMA here.
View Soluna 2024 Earnings Power Presentation here.

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