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Soluna Holdings Inc (SLNH)



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Upturn Advisory Summary
04/01/2025: SLNH (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -37.53% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 9.60M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 660272 | Beta 3.04 | 52 Weeks Range 0.52 - 8.80 | Updated Date 04/1/2025 |
52 Weeks Range 0.52 - 8.80 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -6.79 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -75.3% | Operating Margin (TTM) -119.81% |
Management Effectiveness
Return on Assets (TTM) -9.41% | Return on Equity (TTM) -46.33% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 24106726 | Price to Sales(TTM) 0.24 |
Enterprise Value 24106726 | Price to Sales(TTM) 0.24 | ||
Enterprise Value to Revenue 0.6 | Enterprise Value to EBITDA -0.63 | Shares Outstanding 10607000 | Shares Floating 4334929 |
Shares Outstanding 10607000 | Shares Floating 4334929 | ||
Percent Insiders 22.79 | Percent Institutions 10.6 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Soluna Holdings Inc
Company Overview
History and Background
Soluna Holdings, Inc. (formerly Mechanical Technology, Incorporated) was founded in 1961. It initially focused on advanced technology development and shifted towards cryptocurrency mining and sustainable data centers in recent years.
Core Business Areas
- Cryptocurrency Mining: Soluna focuses on using renewable energy to power cryptocurrency mining operations, specifically Bitcoin.
- Sustainable Data Centers: Develops and operates data centers powered by renewable energy sources, aiming to provide sustainable computing solutions.
Leadership and Structure
John Belizaire is the CEO. The company operates with a tiered management structure encompassing various departments, including technology, finance, and operations.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Soluna mines Bitcoin using its vertically integrated facilities powered by renewable energy. Market share data is difficult to ascertain precisely, but the Bitcoin mining market is highly fragmented. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK).
- Data Center Hosting: Soluna offers hosting services for computing tasks that require high-performance computing using renewable energy. The market is competive with large players such as Amazon (AMZN), Microsoft (MSFT), and Google (GOOGL).
Market Dynamics
Industry Overview
The cryptocurrency mining industry is experiencing growth, driven by increasing adoption of Bitcoin. The sustainable data center market is also expanding due to growing demand for environmentally friendly computing solutions.
Positioning
Soluna aims to differentiate itself by focusing on renewable energy to power its operations, appealing to environmentally conscious investors and clients.
Total Addressable Market (TAM)
The global data center market is projected to reach hundreds of billions USD. The global Bitcoin mining market is projected to be in the tens of billions USD. Soluna's positioning in renewable energy gives it a competitive edge in capturing TAM.
Upturn SWOT Analysis
Strengths
- Renewable energy focus
- Vertically integrated operations
- Scalable infrastructure
Weaknesses
- Reliance on Bitcoin price volatility
- High capital expenditures
- Limited operational history in current form
Opportunities
- Expansion into new renewable energy sources
- Increased demand for sustainable data centers
- Potential for partnerships with renewable energy providers
Threats
- Regulatory changes in cryptocurrency mining
- Increased competition in the renewable energy sector
- Fluctuations in energy prices
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
Competitive Landscape
Soluna's advantage lies in its focus on renewable energy. However, larger competitors have more capital and established infrastructure.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been volatile due to the company's transition and the cyclical nature of the cryptocurrency market.
Future Projections: Future growth is dependent on Soluna's ability to scale its operations, maintain low energy costs, and capitalize on the increasing demand for sustainable data centers. Analyst estimates are available from financial data providers.
Recent Initiatives: Soluna has been focused on expanding its mining facilities and securing renewable energy sources.
Summary
Soluna Holdings is a company focused on Bitcoin mining and sustainable data centers using renewable energy. It faces challenges related to Bitcoin price volatility and competition but has opportunities in the growing sustainable data center market. Its focus on renewable energy gives it an edge but it needs to demonstrate consistent operational execution. Investors need to be aware of the high volatility of the stock.
Similar Companies
CLSK

CleanSpark Inc


CLSK

CleanSpark Inc

MARA

Marathon Digital Holdings Inc



MARA

Marathon Digital Holdings Inc

RIOT

Riot Blockchain Inc



RIOT

Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Financial news websites
- Industry reports
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. The cryptocurrency market is highly volatile, and investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Soluna Holdings Inc
Exchange NASDAQ | Headquaters Albany, NY, United States | ||
IPO Launch date 2009-04-28 | CEO & Director Mr. John Belizaire | ||
Sector Financial Services | Industry Capital Markets | Full time employees 34 | Website https://www.solunacomputing.com |
Full time employees 34 | Website https://www.solunacomputing.com |
Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centres. It operates through two segments, Cryptocurrency Mining and Data Centre Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centres that use for cryptocurrency mining. Further, it provides data centre hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company provide up to 187 MW of sustainable energy, executed in two phases, which allocated to support computing tasks in AI and Bitcoin mining. Soluna Holdings, Inc. was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.
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