Soluna Holdings, Inc

Soluna Holdings, Inc. has terminated the designation of its Series B Convertible Preferred Stock after all 62,500 outstanding shares were converted into 6,510,416 shares of common stock. The company also paid $2.1 million in accrued dividends upon the full conversion of these shares. A Withdrawal of Designation was filed on June 23, 2026, with the Nevada Secretary of State, effectively removing the preferred stock designation from the company's Articles of Incorporation.

Soluna Holdings, Inc. announced a definitive joint venture agreement with DC Kati Venture LLC (Metrobloks Member) to develop and operate the multi-phase 350+ MW Project Kati 2 data center in Willacy County, Texas. Soluna contributed $3.5 million in operating expenses and committed an additional $19.0 million for Phase II property acquisition, holding 100% of Class A Interests and serving as manager. The company also reported strong Q1 2026 results with revenue up 58% year-over-year and Bitcoin hosting revenue up 178%, alongside achieving a record hash rate and 147 MW under management. Additionally, Soluna acquired full ownership of Project Dorothy 1B, signed a definitive purchase agreement for Project Dorothy 3, and provided updates on other projects like Kati 1 and Annie.

Soluna Holdings, Inc., through its wholly-owned subsidiary Soluna Digital, Inc., acquired the remaining 49% equity interest in Project Dorothy 1B from Navitas West Texas Investments SPV, LLC for approximately $8.8 million. This transaction, which closed on May 19, 2026, grants Soluna 100% ownership of the Dorothy 1B Project Company, a bitcoin mining operation. This acquisition completes the equity consolidation of the Dorothy 1 campus, providing Soluna with full generation-to-compute ownership of 50 MWs, a crucial step for converting the campus to AI and high-performance computing workloads.

Soluna Holdings reported its first-quarter 2026 financial results, with revenue increasing 58% year-over-year to $9.4 million, marking its fourth consecutive quarter of sequential growth. The company completed Project Kati 1A ahead of schedule and advanced its Kati 2 AI joint venture. Soluna also highlighted strategic acquisitions post-quarter, including the 150 MW Briscoe Wind Farm and full equity of Project Dorothy 1A, positioning it for further growth in green data centers for Bitcoin mining and AI, despite an increased net loss.

Soluna Holdings, Inc. reported a significant increase in total revenue for Q1 2026, reaching $9.39 million, up 58% year-over-year, primarily driven by a 178.4% surge in data hosting revenue to $6.69 million. Despite this revenue growth, the company's net loss widened to $17.90 million from $7.35 million in Q1 2025, though basic and diluted loss per share improved to $(0.24) from $(1.21) due to increased shares outstanding. Subsequent to the quarter, Soluna acquired 100% of the Briscoe Wind Farm, a 150 MW capacity wind generation project, and the remaining 85.4% Class B membership interest in Project Dorothy 1A.

Soluna Holdings, Inc. announced its April 2026 monthly business update, highlighting significant corporate and operational advancements. The company closed the $53M acquisition of the Briscoe Wind Farm and gained full ownership of Project Dorothy 1A, deepening its vertical integration strategy. Soluna also launched a 3 MW Bitcoin mining operation with Sazmining and expanded its partnership with Blockware to over 17 MW of hosting capacity. Additionally, the company regained compliance with Nasdaq listing requirements and made substantial progress on its AI/HPC hosting projects, Kati 2, Dorothy 3, and Grace.

Soluna Holdings, Inc. announced a partnership with Sazmining, a Bitcoin Mining as a Service (BMaaS) provider. This collaboration will establish an initial 3 MW Bitcoin mining operation at Soluna's Project Dorothy 1B in West Texas, powered by the 150 MW Briscoe Wind Farm. The partnership has the potential for future expansion, subject to customer demand and facility availability, and aligns with Soluna's strategy to integrate power generation and computing infrastructure for both Bitcoin mining and AI workloads.

Soluna Holdings, Inc. announced its fourth expansion of a partnership with Blockware, adding 3.3 MW of capacity at its Project Dorothy 1B site. This new deployment marks Blockware's first presence at Project Dorothy 1B and brings the total capacity with Blockware to over 17 MW. The expansion reinforces Soluna's role as a developer of green data centers for intensive computing applications like Bitcoin mining and AI.

Soluna Holdings, Inc. announced the acquisition of Spring Lane Capital's equity interest in Project Dorothy 1A for $16.5 million. This strategic move was disclosed via a press release and an investor presentation made available on the company's investor relations website on April 16, 2026.

Soluna Holdings, Inc. received a notice from Nasdaq on April 10, 2026, indicating non-compliance with the minimum bid price requirement. The company's common stock traded below $1.00 for 30 consecutive business days. SLNH has 180 calendar days, until October 7, 2026, to regain compliance by having its closing bid price meet or exceed $1.00 for at least ten consecutive business days. The notice has no immediate impact on the stock's listing or trading.