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Soluna Holdings Inc (SLNH)



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Upturn Advisory Summary
08/28/2025: SLNH (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -66.65% | Avg. Invested days 25 | 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 10.07M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 3.76 | 52 Weeks Range 0.36 - 7.00 | Updated Date 06/29/2025 |
52 Weeks Range 0.36 - 7.00 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -10.41 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -208.98% | Operating Margin (TTM) -120.91% |
Management Effectiveness
Return on Assets (TTM) -38.12% | Return on Equity (TTM) -166.42% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 25264367 | Price to Sales(TTM) 0.32 |
Enterprise Value 25264367 | Price to Sales(TTM) 0.32 | ||
Enterprise Value to Revenue 0.8 | Enterprise Value to EBITDA -0.63 | Shares Outstanding 18215500 | Shares Floating 7864049 |
Shares Outstanding 18215500 | Shares Floating 7864049 | ||
Percent Insiders 35.95 | Percent Institutions 12.37 |
Upturn AI SWOT
Soluna Holdings Inc
Company Overview
History and Background
Soluna Holdings, Inc. (formerly Mechanical Technology, Inc.) was founded in 1961. Initially focused on mechanical technologies, the company has evolved to focus on vertically integrated, environmentally sound computing, primarily Bitcoin mining powered by renewable energy.
Core Business Areas
- Digital Asset Mining: Soluna focuses on Bitcoin mining using renewable energy sources.
- Green Data Centers: Developing and operating data centers powered by renewable energy to provide cost-effective computing solutions.
- Project Development: Developing renewable energy assets to power their computing facilities.
Leadership and Structure
John Belizaire serves as CEO. The company has a typical corporate structure with a board of directors and executive management team overseeing different departments like operations, finance, and technology.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Soluna mines Bitcoin, contributing to the global Bitcoin network. Market share is relatively small, but focused on environmentally friendly operations. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK).
- Green Data Center Services: Offers data center services using renewable energy. Market share is emerging, targeting eco-conscious customers. Competitors include Core Scientific (CORZ) and TeraWulf (WULF).
Market Dynamics
Industry Overview
The industry is characterized by increasing demand for computing power, especially for blockchain technologies. Concerns about environmental impact drive the demand for renewable energy powered data centers.
Positioning
Soluna positions itself as a leader in environmentally sound computing, leveraging renewable energy to drive its Bitcoin mining and data center operations. Its competitive advantage lies in its vertical integration and focus on sustainability.
Total Addressable Market (TAM)
The global data center market is projected to reach hundreds of billions USD. The Bitcoin mining market also has a significant TAM. Soluna's portion of this TAM is related to sustainable solutions which are quickly growing.
Upturn SWOT Analysis
Strengths
- Renewable energy focus
- Vertically integrated operations
- Environmentally conscious brand
- Innovative approach to data centers
Weaknesses
- Relatively small scale compared to competitors
- Dependence on Bitcoin price volatility
- Limited track record in large-scale project development
- Geographic concentration of operations
Opportunities
- Growing demand for green data centers
- Increasing Bitcoin adoption
- Government incentives for renewable energy
- Partnerships with renewable energy providers
Threats
- Bitcoin price fluctuations
- Increased competition in green data centers
- Regulatory changes affecting Bitcoin mining
- Technological advancements in mining hardware
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
- CORZ
- WULF
Competitive Landscape
Soluna has a smaller market share. Soluna's key advantage is its green energy focus. Its disadvantage is it's smaller company size.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been dependent on Bitcoin's price and infrastructure buildout.
Future Projections: Future growth is tied to expansion of data center capacity, renewable energy integration, and Bitcoin market conditions. Analyst estimates not available.
Recent Initiatives: Focus on expanding its renewable energy powered computing facilities, and securing strategic partnerships.
Summary
Soluna Holdings is a niche player in the Bitcoin mining and data center space, uniquely positioned with its renewable energy focus. Its success is tied to Bitcoin price stability and its ability to efficiently scale its infrastructure. While innovative, its smaller size and dependence on a volatile market present challenges. It needs to continue scaling it's size to stay competitive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, Press Releases, Industry Reports
Disclaimers:
This analysis is based on publicly available information and does not constitute financial advice. Market share data is approximate and may vary based on reporting sources.
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 47 | Website https://www.solunacomputing.com |
Full time employees 47 | Website https://www.solunacomputing.com |
Soluna Holdings, Inc., together with its subsidiaries, engages in the mining of cryptocurrency through data centres. It operates through three segments, Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services. 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. Soluna Holdings, Inc. was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. in November 2021. The company was founded in 1961 and is headquartered in Albany, New York.

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