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Soluna Holdings Inc (SLNH)



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Upturn Advisory Summary
09/12/2025: 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 precision measurement and control, the company shifted its focus to cryptocurrency mining and sustainable computing infrastructure, particularly integrating compute-intensive applications with renewable energy.
Core Business Areas
- Cryptocurrency Mining: Soluna operates cryptocurrency mining facilities powered by renewable energy sources, primarily focusing on Bitcoin mining.
- Sustainable Computing: Soluna is developing sustainable computing infrastructure solutions that integrate compute-intensive applications with renewable energy generation.
- Project Development: Soluna develops and manages renewable energy projects to power its computing facilities.
Leadership and Structure
John Belizaire serves as CEO. The company operates with a board of directors and a management team overseeing various operational and strategic functions.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Soluna's Bitcoin mining operations generate revenue from block rewards and transaction fees. Market share data is highly variable and depends on mining difficulty and hashrate contribution. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK). Revenue varies significantly based on Bitcoin price and mining efficiency. Competitors in the overall cryptocurrency mining market are numerous and global, encompassing large public firms, private companies, and individual miners.
- Renewable Energy Powered Computing: Soluna aims to offer high-performance computing services powered by renewable energy. This product is under development and market share data isn't currently available. Potential competitors include companies offering cloud computing services powered by renewables, like Google (GOOGL) and Microsoft (MSFT).
Market Dynamics
Industry Overview
The cryptocurrency mining industry is highly competitive and volatile, influenced by Bitcoin prices, mining difficulty, and regulatory developments. The demand for sustainable computing is growing, driven by environmental concerns and ESG mandates.
Positioning
Soluna aims to differentiate itself through its focus on renewable energy and sustainable computing. This approach offers a potential competitive advantage in a market increasingly sensitive to environmental impact.
Total Addressable Market (TAM)
The TAM for cryptocurrency mining is directly related to the price of Bitcoin and the overall demand for cryptocurrencies. The TAM for sustainable computing is growing rapidly, driven by the increased demand for compute and a desire to mitigate ESG concerns. Soluna is positioned within these markets by focusing on sustainable power options.
Upturn SWOT Analysis
Strengths
- Focus on renewable energy
- Proprietary Computing Pods
- Vertical integration of energy and computing
- Experienced management team
Weaknesses
- Reliance on Bitcoin price
- Limited operating history
- High capital expenditure requirements
- Dilution for capital raises
Opportunities
- Growing demand for sustainable computing
- Increasing adoption of Bitcoin
- Expansion into new renewable energy projects
- Strategic partnerships with energy companies
Threats
- Volatility of Bitcoin price
- Increased mining difficulty
- Regulatory changes
- Competition from larger mining companies
- Environmental opposition to mining operations
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
- HIVE
Competitive Landscape
Soluna's advantage lies in its focus on renewable energy, which could appeal to environmentally conscious investors and customers. However, it faces intense competition from larger, better-capitalized mining companies.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been largely tied to the performance of Bitcoin and the expansion of mining capacity.
Future Projections: Future projections depend on the successful execution of their renewable energy and computing strategy, as well as favorable Bitcoin market conditions. Analyst estimates are speculative due to the high volatility of the cryptocurrency market.
Recent Initiatives: Recent initiatives include expanding mining capacity and securing new renewable energy projects.
Summary
Soluna is a company pursuing Bitcoin mining with renewable energy. It operates in a volatile environment with significant risks related to Bitcoin price. The company aims to differentiate itself by offering sustainable solutions, but faces competition from larger players. Recent capital raises cause concern for long-term shareholders. Overall, Soluna appears to be a high-risk, high-reward investment dependent on successful execution and favorable market conditions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Market research reports
- Analyst estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. The cryptocurrency market is highly volatile, and past performance is not indicative of future results.
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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