Company research
Soluna Holdings, Inc
CIK 64463Updated Sep 24, 2026
SecuritiesSLNH · NASDAQ · equitySLNHP · NASDAQ · preferred
Historical securities (1)
MKTY · OTC · equity · closed Nov 3, 2021Name history
MECHANICAL TECHNOLOGY INC · through Oct 29, 2021
SLNH price & chart
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NASDAQ:SLNH on TradingView ↗About the company
We are currently developing new infrastructure projects intended to support AI and HPC workloads. These efforts include engagement with potential joint venture partners, conducting site and feasibility studies, securing access to power and land, and performing other early-stage development activities.
In the news
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Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
4 filing
Show 5 more recent filings
4 filing
144 filing
4 filing
Regulation FD Disclosure
Items 7.01, 9.01
4 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 187,944,000Source | 88,040,000Source | 91,276,000Source | 2,876,000Source |
| Property, Plant and Equipment, NetUSD | 74,783,000Source | 47,283,000Source | 44,572,000Source | 76,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 8,261,000Source | 17,620,000Source | 27,007,000Source | — |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 5,522,000Source | 2,693,000Source | 2,948,000Source | 1,119,000Source |
| Inventory, NetUSD | — | — | — | 888,000Source |
| Assets, CurrentUSD | 92,127,000Source | 13,495,000Source | 14,284,000Source | — |
| Prepaid Expense and Other Assets, CurrentUSD | 2,664,000Source | 1,768,000Source | 1,416,000Source | 42,000Source |
| Operating Lease, Right-of-Use AssetUSD | 252,000Source | 313,000Source | 431,000Source | 579,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 75,698,000Source | 60,678,000Source | 37,917,000Source | 1,248,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 103,000Source | 11,000Source | 3,000Source | — |
| Additional Paid in CapitalUSD | 435,030,000Source | 315,607,000Source | 291,276,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | -367,715,000Source | -314,304,000Source | -250,970,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 53,550,000Source | -12,479,000Source | 26,514,000Source | — |
| Liabilities and EquityUSD | 187,944,000Source | 88,040,000Source | 91,276,000Source | — |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 49,189,000Source | 47,873,000Source | 28,175,000Source | — |
| Operating Lease, Liability, CurrentUSD | 65,000Source | 61,000Source | 220,000Source | 579,000Source |
| Accounts Payable, CurrentUSD | 4,859,000Source | 2,840,000Source | 2,099,000Source | 122,000Source |
| Operating Lease, Liability, NoncurrentUSD | 187,000Source | 252,000Source | 216,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | 2,911,000Source | 5,257,000Source | 7,779,000Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 57,383,000Source | 39,841,000Source | 26,845,000Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 13,182,000Source | 29,075,000Source | 4,906,000Source | 547,000Source |
| Deferred Tax Liabilities, NetUSD | 2,911,000Source | — | — | — |
| Dividends Payable, CurrentUSD | 773,000Source | 7,000Source | 7,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 17,899,000Source | 7,061,000Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 8,858,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 17,899,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -56,991,000Source | -58,300,000Source | -27,703,000Source | -99,095,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 10,566,000Source | 5,311,000Source | 4,225,000Source | 3,673,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 2,829,000Source | 505,000Source | 2,620,000Source | -211,000Source |
| Increase (Decrease) in Accounts PayableUSD | 2,012,000Source | 741,000Source | -862,000Source | 553,000Source |
| Deferred Income Tax Expense (Benefit)USD | -2,339,000Source | -2,522,000Source | -1,107,000Source | -1,390,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -9,149,000Source | -5,069,000Source | -2,987,000Source | -6,118,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -31,853,000Source | -13,163,000Source | -10,330,000Source | -54,714,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 3,654,000Source | 4,117,000Source | -147,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 28,065,000Source | 9,160,000Source | 12,705,000Source | 63,684,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 75,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 119,392,000Source | 18,318,000Source | 21,863,000Source | 42,942,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 78,390,000Source | 86,000Source | 8,546,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,976,000Source | 115,000Source | 6,000Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | 9,453,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 10,566,000Source | 5,311,000Source | 4,312,000Source | 3,852,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | — | 35,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 1,114,000Source | 351,000Source | 753,000Source | 6,538,000Source |
| Amortization of Intangible AssetsUSD | 9,500,000Source | 9,500,000Source | 9,500,000Source | — |
| Debt Securities, Realized Gain (Loss)USD | — | — | 584,000Source | — |
| Deferred Other Tax Expense (Benefit)USD | -4,320,000Source | 4,006,000Source | 2,566,000Source | -12,760,000Source |
| DepreciationUSD | 6,852,000Source | 6,152,000Source | 3,894,000Source | 18,731,000Source |
| Dividends Payable, CurrentUSD | 773,000Source | 7,000Source | 7,000Source | 243,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | 7,751,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -371,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -1,151,000Source | -31,000Source | -398,000Source | -4,089,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 10,658,000Source | -7,349,000Source | -3,904,000Source | -11,130,000Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | -780,000Source | — | — | — |
| General and Administrative ExpenseUSD | 30,519,000Source | 18,581,000Source | 15,390,000Source | 19,203,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -27,703,000Source | -107,016,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -27,703,000Source | -107,016,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -7,921,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 7,921,000Source |
| Income Tax Expense (Benefit)USD | -2,316,000Source | -2,487,000Source | -1,067,000Source | -1,346,000Source |
| Induced Conversion of Convertible Debt ExpenseUSD | 0Source | 388,000Source | — | — |
| InterestExpenseNonoperatingUSD | 4,835,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -53,411,000Source | -63,334,000Source | -29,201,000Source | -98,715,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,580,000Source | 5,034,000Source | 1,498,000Source | -380,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -69,059,000Source | -76,331,000Source | -36,510,000Source | — |
| Other Nonoperating Income (Expense)USD | -700,000Source | -3,357,000Source | -1,479,000Source | 22,000Source |
| Payments for Repurchase of WarrantsUSD | 452,000Source | — | — | — |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | 4,786,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | 817,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | 29,559,000Source | 14,735,000Source | 20,365,000Source | — |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 153,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 38,021,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | -23,681,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 29,717,000Source | 38,021,000Source | — | — |
| Cost of RevenueUSD | — | — | 15,829,000Source | — |
| Selling, General and Administrative ExpenseUSD | 40,127,000Source | 28,194,000Source | 24,903,000Source | 28,709,000Source |
| Operating Income (Loss)USD | -33,681,000Source | -47,523,000Source | -20,241,000Source | -84,790,000Source |
| Other Nonoperating Income (Expense)USD | -700,000Source | -3,357,000Source | -1,479,000Source | 22,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -59,307,000Source | -60,787,000Source | -28,770,000Source | -108,362,000Source |
| Income Tax Expense (Benefit)USD | -2,316,000Source | -2,487,000Source | -1,067,000Source | -1,346,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,580,000Source | 5,034,000Source | 1,498,000Source | -380,000Source |
| Net Income (Loss) Attributable to ParentUSD | -53,411,000Source | -63,334,000Source | -29,201,000Source | -98,715,000Source |
| Earnings Per Share, BasicUSD per share | -2.38Source | -12.15Source | -27.79Source | -6.89Source |
| Earnings Per Share, DilutedUSD per share | -2.38Source | -12.15Source | -27.79Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 29,048,848Source | 6,280,915Source | 1,313,718Source | 14,982,510Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 29,048,848Source | 6,280,915Source | 1,313,718Source | 14,982,510Source |
| Interest Expense (non-operating)USD | 4,835,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 9,500,000Source | 9,500,000Source | 9,500,000Source | — |
| Cost of Property Repairs and MaintenanceUSD | 591,000Source | 536,000Source | 140,000Source | — |
| Debt Securities, Realized Gain (Loss)USD | — | — | 584,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 9,608,000Source | 9,613,000Source | 9,513,000Source | 9,506,000Source |
| General and Administrative ExpenseUSD | 30,519,000Source | 18,581,000Source | 15,390,000Source | 19,203,000Source |
| Gross ProfitUSD | 1,798,000Source | -23,736,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -27,703,000Source | -107,016,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -27,703,000Source | -107,016,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -27.79Source | -7.42Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -27.79Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -7,921,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | 7,921,000Source |
| Interest ExpenseUSD | — | 2,527,000Source | 2,748,000Source | 8,375,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -69,059,000Source | -76,331,000Source | -36,510,000Source | — |
| Other Cost of Operating RevenueUSD | — | — | — | 14,281,000Source |
| Other ExpensesUSD | — | — | — | 9,500,000Source |
| Other General and Administrative ExpenseUSD | — | 1,637,000Source | — | — |
| Other IncomeUSD | 1,285,000Source | — | — | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | — | 630,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 38,021,000Source | — | — |
Offerings
Registration 333-295052
Registration 333-291105
Registration 333-287519
- Gross proceeds
- 4999703.58
- Net proceeds
- 4649703.58
- Deal price
- 0.55
- Shares
- 9090370
- Offering price
- $0.55
- Ticker
- SLNH
Registration 333-282559
Filing attachments
ex99-1.htm · 8-K · 2026-09-14
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Soluna Secures Conditional Base Load Position for Project Dorothy’s 100 MW in ERCOT Batch Zero An additional 50 MW request at the campus is already under study ALBANY, NY, September 14, 2026 - Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced that ERCOT has conditionally classified its 100 MW Project Dorothy camp…
Read attachment ↗ex99-1.htm · 8-K · 2026-09-09
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Soluna to Participate in the H.C. Wainwright 28th Annual Global Investment Conference ALBANY, NY, September 9, 2026 - Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, today announced that Chief Executive Officer John Belizaire will participate in the H.C. Wainwright 28th Annual Global Investment Conference. H.C. Wainwright 28th…
Read attachment ↗ex99-1.htm · 8-K · 2026-09-08
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Soluna Finishes Kati 1 and Secures Conditional Base Load Position for All 166 MW in ERCOT Final 14 MW energized on time, lifting company-wide operating capacity to 206 MW ALBANY, NY, September 8, 2026 - Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced two milestones at its Project Kati campus in Willacy County, …
Read attachment ↗ex99-1.htm · 8-K · 2026-08-25
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Soluna and Bitdeer Enter 28 MW Agreement at Project Kati 1 Deployment adds approximately 1.93 EH/s at Soluna’s largest operating site ALBANY, NY, August 25, 2026 - Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced that one of its subsidiaries has entered into an agreement with Dory Creek, LLC, a wholly owned subs…
Read attachment ↗ex99-1.htm · 8-K · 2026-08-24
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Soluna Closes Purchase of 397 Acres for Project Dorothy 3 Briscoe County, Texas, site sits adjacent to company-owned wind farm and will host planned 300 MW renewable-first AI campus ALBANY, NY, August 24, 2026 - Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced it has closed the purchase of 397 acres in Briscoe …
Read attachment ↗ex99-1.htm · 8-K · 2026-08-13
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Soluna Reports Q2’26 Results; Revenue Grows 145% Year-Over-Year Completes Vertical Integration at Project Dorothy 1; Pipeline expands to 6.3 GW; Over 583 MW of AI projects added to development pipeline. Signs Kati 2 AI Joint Venture with Metrobloks ALBANY, NY, August 13, 2026 - Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, a…
Read attachment ↗