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Soluna Holdings Inc(SLNH)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SLNH
09/15/2026: SLNH (3-star) is currently NOT-A-BUY. Pass it for now.
Soluna Holdings Inc is a technology firm that operates green data centers, specializing in utilizing excess renewable energy for Bitcoin mining and AI compute applications. The company's primary strength lies in its ability to convert stranded power into profit, offering a sustainable alternative to traditional compute infrastructure. The key investment story centers on its potential to scale as a partner for renewable energy providers while diversifying into high-growth AI markets. However, the stock faces significant risks from cryptocurrency price volatility, operational execution challenges, and intense competition. It is best suited for growth-oriented investors who can tolerate high volatility and are monitoring the company's success in AI compute expansion.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers high-growth potential in the green compute sector but carries significant execution risks. |
| Momentum investor | Strong fit while signal remains positive | Stock volatility often aligns with crypto market trends, creating potential for momentum traders. |
| Value investor | Weak fit | The company's reliance on emerging technology and volatile markets makes traditional value metrics difficult to apply. |
| Dividend investor | Weak fit | The company does not pay dividends and focuses entirely on capital reinvestment. |
| Low-risk investor | Weak fit | High volatility in both the crypto and energy sectors makes this a high-risk security. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock's value fluctuates significantly with Bitcoin prices and market sentiment. |
| Valuation risk | Medium / high | As a growth-stage firm, valuation is often based on future capacity rather than current earnings. |
| Competition risk (Bitcoin/Compute) | High | It competes with larger, more established players in the mining and data center space. |
| Business quality | Medium | The business model is innovative but still proving its long-term scalability and durability. |
| Dividend income | Low / none | Income investors should not look to this stock for yield. |
| Execution risk | Medium / high | Successfully building and connecting modular data centers to energy grids involves complex logistics. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 129.94% | Avg. Invested days 18 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/15/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 281.28M USD | Price to earnings Ratio - | 1Y Target Price 4 |
Price to earnings Ratio - | 1Y Target Price 4 | ||
Volume (30-day avg) 8.8M shares | Beta 5.09 | 52 Weeks Range 0.59 - 5.14 | Updated Date 09/15/2026 |
52 Weeks Range 0.59 - 5.14 | Updated Date 09/15/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.69 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Data Center Hosting | Leasing space and power to third-party miners or computing customers. | Steady revenue through infrastructure leasing. |
| Proprietary Mining | Mining Bitcoin using company-owned hardware. | Direct exposure to Bitcoin price volatility. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 207.22M | Price to Sales(TTM) 6.68 |
Enterprise Value 207.22M | Price to Sales(TTM) 6.68 | ||
Enterprise Value to Revenue 4.92 | Enterprise Value to EBITDA -0.63 | Shares Outstanding 244.59M | Shares Floating 186.45M |
Shares Outstanding 244.59M | Shares Floating 186.45M | ||
Percent Insiders 22.94 | Percent Institutions 20.54 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Soluna Holdings Inc
Exchange NASDAQ | Headquarters Albany, NY, United States | ||
IPO Launch date 2009-04-28 | CEO & Director Mr. John Belizaire | ||
Sector Financial Services | Industry Capital Markets | Full time employees 51 | Website https://www.solunacomputing.com |
Full time employees 51 | 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, as well as provides colocation and hosting services to large-scale bitcoin mining operators. In addition, the company develops and builds modular data centrers that use for cryptocurrency mining. Further, it provides data center 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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