Soluna Holdings, Inc. (SLNH)

Soluna Holdings, Inc. (SLNH) stock has experienced significant volatility and a general decline over the past six months. As of November 21, 2025, the stock price was $1.51 per share, a 54.65% decrease from $3.33 per share on November 25, 2024. The stock has fallen by -21.03% compared to the previous week and -49.01% over the last month, with a one-year decrease of -46.67%. Key events impacting the stock include the Q3 2025 earnings report with a loss of US$0.89 per share but a 37% revenue growth, the completion of Project Dorothy 2 increasing operational capacity by 64%, the expansion of the partnership with Galaxy Digital, regaining compliance with Nasdaq listing requirements, the Q2 2025 earnings report showing 19% gross margin stability, and a $20 million funding from Spring Lane Management along with a $5M equity offering.

While Soluna Holdings, Inc. (SLNH) stock exhibits "seasonal patterns" in its monthly returns, there is no explicit information detailing demand seasonality for Soluna Holdings, Inc.'s specific products and services. The demand for these services is generally influenced by factors like cryptocurrency market trends, the broader adoption of AI and HPC, and the availability and cost of renewable energy, rather than traditional seasonal consumer patterns.

Soluna Holdings, Inc. is a digital infrastructure company specializing in transforming surplus renewable energy into computing resources, operating at the intersection of cryptocurrency mining and renewable energy with a vertically integrated approach. Established in 2018 and headquartered in Albany, New York, the company operates through three segments: Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services. Soluna develops and operates modular data centers co-located with renewable energy plants, designed for high-performance computing workloads, including Bitcoin mining, generative AI, and scientific computing. The company also offers colocation and hosting services and utilizes its proprietary software, MaestroOS, to energize a greener grid while delivering computing solutions.

Soluna Holdings, Inc. is headquartered in Albany, New York, and develops green data center projects near renewable energy parks. Key operational projects include Project Dorothy in Texas, the Sierra site, and a new project in Denison, Texas. Project Dorothy 2 in Texas has reached full capacity, and Galaxy containers have been deployed at Project Kati 1. The company's data center hosting segment operates a data center in Calvert City, Kentucky, focusing on renewable energy projects with a portfolio of 160 MW of wind energy capacity, primarily in Texas and North America.

Soluna Holdings, Inc. has a brand reputation centered on sustainability and innovation in the digital infrastructure space, recognized for its focus on "green data centers" and "sustainable computing" by transforming surplus renewable energy into computing power. The company's mission to develop and operate highly efficient, eco-friendly data centers powered by renewable energy contributes positively to its reputation. The "Project Kitty Hawk" initiative enhances its image as an innovator in sustainable and cost-effective infrastructure. Recent events positively reinforcing its brand include the expansion of its partnership with Galaxy Digital and the completion of Project Dorothy 2, increasing its operational capacity using clean power for crypto mining and AI development.

Soluna Holdings is owned by a mix of institutional shareholders, insiders, and retail investors. Institutional investors hold between 0.56% and 27.84% of the company, individual insiders hold between 1.48% and 16.80%, and retail investors hold between 70.68% and 89.17%. Major institutional owners include Point72 Asset Management, L.P., Hrt Financial LP, and Vanguard Group Inc. Largest individual shareholders include Edward R. Hirshfield, Michael Toporek (CEO), and John Belizaire.