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Soluna Holdings SLNH · USD

Information Technology · US listing · 🇺🇸 United States

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0.54

+5.12%

Close of 9 Nov 2026, in USD

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About Soluna Holdings

From its filings with the US Securities and Exchange Commission

SEC filings

Soluna Holdings is based in Albany, New York and is incorporated in Nevada. Its shares trade on Nasdaq under the ticker SLNH. The SEC classifies its business as finance services. In the fiscal year to 31 December 2024, it reported revenue of $38.0m.

In its own words

Our mission is to make renewable energy a global superpower by using computing as a catalyst.

Renewable Computing™ is designed to address two converging market conditions: increasing curtailment of renewable energy generation and growing demand for power-intensive computing applications, including artificial intelligence (“AI”), high-performance computing (“HPC”), and Bitcoin mining. By locating our data centers near renewable generation assets, we seek to convert underutilized energy into economically productive computing capacity.

We utilize two distinct data center designs to serve different computing markets. For our Bitcoin mining and hosting business, we deploy a modular data center design optimized for flexible, large-scale digital asset operations. For AI and HPC workloads, we are developing an AI-ready data center design intended to support higher-density compute environments and customer requirements associated with advanced computing infrastructure.

Our facilities are managed by MaestroOS™ (“MaestroOS”), our proprietary software platform, which analyzes factors such as local power pricing, weather conditions, grid demand, and market signals to optimize operating performance and power consumption across our operating assets.

Quoted from its 10-K, filed 30 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Information Technology
Industry
Software
Listed since
14 Apr 1981
Employees
30
Head office
325 WASHINGTON AVENUE EXTENSION, ALBANY, NY, 12205
Incorporated in
NV
Classification
Finance Services
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Mr. Michael ToporekExecutive Chairman of the Board, since 2016$7.1m
  • Mr. John BelizaireChief Executive Officer, Director, since 2021$2.2m
  • Mr. David MichaelsInterim Chief Financial Officer, Treasurer, Director, since 2013$553,481
  • Ms. Mary O'ReillyChief People Officer$349,270
  • Ms. Jessica ThomasChief Accounting Officer, Corporate Secretary$294,470
  • Mr. William PhelanLead Independent Director$989,519
  • Ms. Agnieska BudzynDirector
  • Mr. Matthew LipmanDirector$448,537
  • Mr. John BottomleyIndependent Director$448,537
  • Mr. William HazelipIndependent Director$433,537
  • Mr. Edward HirshfieldIndependent Director$433,537
  • Mr. Thomas MarusakIndependent Director$573,898

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Soluna Holdings Inc employs 30 full-time employees in Albany, New York.
  • Soluna Computing, Inc. operates modular data centers for Bitcoin mining and AI applications.
  • Project Edith, Sophie, and Dorothy enable scalable renewable energy computing solutions.

Weaknesses

  • Soluna Holdings Inc has only 30 employees and operates in a niche market.
  • The company's reliance on cryptocurrency mining may face regulatory challenges.
  • Soluna Computing, Inc. depends on renewable energy sources for operations.

Opportunities

  • The growing demand for AI and machine learning applications presents new opportunities.
  • Soluna's renewable energy data centers can attract clean energy investors.
  • Project Dorothy aims to expand data center capacity for global computing resources.

Threats

  • Cryptocurrency market volatility could impact Soluna's mining segment revenue.
  • Regulatory changes in the US may affect data center operations.
  • Competition from established tech firms in the Information Technology sector.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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