SLNH Chart
About

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 offers colocation and hosting services for companies seeking to train large language models, fine-tune existing artificial intelligence models, and deploy other compute-intensive AI or HPC workloads. 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.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Capital Markets Market Cap 75.60M
Enterprise Value 88.45M Income -94.88M Sales 28.78M
Book/sh 0.23 Cash/sh 0.75 Dividend Yield
Payout 0.00% Employees 47 IPO
P/E Forward P/E -1.67 PEG
P/S 2.63 P/B 3.39 P/C
EV/EBITDA -2.16 EV/Sales 3.07 Quick Ratio 0.99
Current Ratio 1.18 Debt/Eq 36.66 LT Debt/Eq
EPS (ttm) -8.29 EPS next Y -0.46 EPS Growth
Revenue Growth 11.80% Earnings 2025-11-14 16:00 ROA -28.47%
ROE -127.04% ROIC Gross Margin 62.23%
Oper. Margin -92.45% Profit Margin -274.17% Shs Outstand 98.57M
Shs Float 45.45M Short Float 13.29% Short Ratio 2.38
Short Interest 52W High 5.14 52W Low 0.36
Beta 4.32 Avg Volume 4.80M Volume 971.90K
Target Price $5.00 Recom None Prev Close $0.79
Price $0.77 Change -2.63%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.00
Mean price target
2. Current target
$0.79
Latest analyst target
3. DCF / Fair value
$-1.44
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.79
Low
$5.00
High
$5.00
Mean
$5.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-11 up HC Wainwright & Co. Neutral → Buy $5
2025-07-23 init HC Wainwright & Co. — → Neutral
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 460000 Stock Award(Grant) at price 0.00 per share. THOMAS JESSICA L Officer 2025-12-31 00:00:00 D
1 1300 1833 Sale at price 1.41 per share. PHELAN WILLIAM P Director 2025-12-16 00:00:00 D
2 1017 2227 Sale at price 2.19 per share. MICHAELS DAVID C. Chief Financial Officer 2025-12-12 00:00:00 D
3 226108 Stock Award(Grant) at price 0.00 per share. THOMAS JESSICA L Officer 2025-12-01 00:00:00 D
4 226108 Stock Award(Grant) at price 0.00 per share. THOMAS JESSICA L Officer 2025-12-01 00:00:00 D
5 685074 Stock Award(Grant) at price 0.00 per share. HAZELIP WILLIAM Director 2025-12-01 00:00:00 D
6 685074 Stock Award(Grant) at price 0.00 per share. OREILLY MARY JENNIFER Officer 2025-12-01 00:00:00 D
7 2861788 Stock Award(Grant) at price 0.00 per share. BELIZAIRE JOHN Chief Executive Officer 2025-12-01 00:00:00 D
8 2861788 Stock Award(Grant) at price 0.00 per share. BELIZAIRE JOHN Chief Executive Officer 2025-12-01 00:00:00 D
9 685074 Stock Award(Grant) at price 0.00 per share. BOTTOMLEY JOHN Director 2025-12-01 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-300.40K-146.31K-633.41K0.00
TaxRateForCalcs0.040.030.010.27
NormalizedEBITDA-34.98M-7.53M-8.23M-593.00K
TotalUnusualItems-7.51M-4.88M-63.34M0.00
TotalUnusualItemsExcludingGoodwill-7.51M-4.88M-63.34M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-63.33M-29.20M-106.64M-6.39M
ReconciledDepreciation15.77M13.62M28.42M3.87M
ReconciledCostOfRevenue22.47M11.73M17.60M5.78M
EBITDA-42.49M-12.41M-71.57M-593.00K
EBIT-58.26M-26.02M-99.99M-4.46M
NetInterestIncome-2.53M-2.75M-8.38M-1.88M
InterestExpense2.53M2.75M8.38M1.88M
NormalizedIncome-56.12M-24.47M-43.93M-6.39M
NetIncomeFromContinuingAndDiscontinuedOperation-63.33M-29.20M-98.72M-5.26M
TotalExpenses56.82M40.73M65.22M18.82M
TotalOperatingIncomeAsReported-47.52M-20.24M-84.79M-4.48M
DilutedAverageShares6.28M1.31M599.30K473.61K
BasicAverageShares6.28M1.31M599.30K473.61K
DilutedEPS-12.15-27.79-174.41-12.50
BasicEPS-12.15-27.79-174.41-12.50
DilutedNIAvailtoComStockholders-76.33M-36.51M-104.53M-5.89M
NetIncomeCommonStockholders-76.33M-36.51M-104.53M-5.89M
PreferredStockDividends13.00M7.31M5.81M630.00K
NetIncome-63.33M-29.20M-98.72M-5.26M
MinorityInterests-5.03M-1.50M380.00K0.00
NetIncomeIncludingNoncontrollingInterests-58.30M-27.70M-99.09M-5.26M
NetIncomeDiscontinuousOperations0.007.92M1.13M
NetIncomeContinuousOperations-58.30M-27.70M-107.02M-6.39M
TaxProvision-2.49M-1.07M-1.35M44.00K
PretaxIncome-60.79M-28.77M-108.36M-6.34M
OtherIncomeExpense-39.46M-6.36M-63.32M11.00K
OtherNonOperatingIncomeExpenses-31.95M-1.48M22.00K11.00K
SpecialIncomeCharges-7.51M-4.88M-63.34M0.00
GainOnSaleOfPPE-31.00K-398.00K-4.09M0.00
OtherSpecialCharges7.35M3.90M11.13M
WriteOff0.00750.00K0.00
ImpairmentOfCapitalAssets130.00K575.00K47.37M0.00
NetNonOperatingInterestIncomeExpense-2.53M-2.75M-8.38M-1.88M
InterestExpenseNonOperating2.53M2.75M8.38M1.88M
OperatingIncome-18.80M-19.67M-36.67M-4.48M
OperatingExpense28.19M24.90M28.71M10.75M
DepreciationAmortizationDepletionIncomeStatement9.61M9.51M9.51M1.58M
DepreciationAndAmortizationInIncomeStatement9.61M9.51M9.51M1.58M
SellingGeneralAndAdministration18.58M15.39M19.20M9.17M
GeneralAndAdministrativeExpense18.58M15.39M19.20M9.17M
OtherGandA18.58M15.39M19.20M9.17M
GrossProfit9.39M5.24M-7.96M6.28M
CostOfRevenue28.63M15.83M36.51M8.07M
TotalRevenue38.02M21.07M28.55M14.35M
OperatingRevenue38.02M21.07M28.55M14.35M
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber40.74K40.74K40.74K40.62K
PreferredSharesNumber4.95M3.06M3.06M1.32M
OrdinarySharesNumber10.61M2.51M747.77K550.17K
ShareIssued10.65M2.55M788.51K590.79K
NetDebt13.66M12.97M21.50M
TotalDebt21.82M19.77M22.88M8.54M
TangibleBookValue-30.11M-496.00K5.43M45.15M
InvestedCapital9.02M45.85M64.50M99.11M
WorkingCapital-34.38M-13.89M-25.75M9.30M
NetTangibleAssets-30.10M-493.00K5.43M45.15M
CapitalLeaseObligations313.00K436.00K245.00K421.00K
CommonStockEquity-12.49M26.51M41.86M90.99M
PreferredStockEquity11.00K3.00K3.00K1.00K
TotalCapitalization-5.42M26.51M41.87M90.99M
TotalEquityGrossMinorityInterest27.36M53.36M46.27M90.99M
MinorityInterest39.84M26.84M4.41M0.00
StockholdersEquity-12.48M26.51M41.87M90.99M
TreasuryStock13.80M13.80M13.80M13.76M
RetainedEarnings-314.30M-250.97M-221.77M-123.05M
AdditionalPaidInCapital315.61M291.28M277.43M227.79M
CapitalStock16.00K6.00K4.00K16.00K
CommonStock5.00K3.00K1.00K15.00K
PreferredStock11.00K3.00K3.00K1.00K
TotalLiabilitiesNetMinorityInterest60.68M37.92M38.69M26.71M
TotalNonCurrentLiabilitiesNetMinorityInterest12.80M9.74M9.17M11.02M
OtherNonCurrentLiabilities235.00K499.00K203.00K509.00K
LiabilitiesHeldforSaleNonCurrent0.00
NonCurrentDeferredLiabilities5.26M9.03M8.89M10.28M
NonCurrentDeferredRevenue0.001.25M0.00
NonCurrentDeferredTaxesLiabilities5.26M7.78M8.89M10.28M
LongTermDebtAndCapitalLeaseObligation7.31M216.00K84.00K237.00K
LongTermCapitalLeaseObligation252.00K216.00K84.00K237.00K
LongTermDebt7.06M
CurrentLiabilities47.87M28.18M29.52M15.68M
OtherCurrentLiabilities1.24M
CurrentDeferredLiabilities21.43M1.59M453.00K316.00K
CurrentDeferredRevenue21.43M1.59M453.00K316.00K
CurrentDebtAndCapitalLeaseObligation14.51M19.56M22.79M8.30M
CurrentCapitalLeaseObligation61.00K220.00K161.00K184.00K
CurrentDebt14.44M19.34M22.63M8.12M
OtherCurrentBorrowings3.92M19.34M22.28M7.12M
LineOfCredit9.32M0.00350.00K1.00M
CurrentNotesPayable1.20M7.12M
PayablesAndAccruedExpenses11.94M7.03M6.27M5.82M
CurrentAccruedExpenses7.93M2.79M2.12M2.25M
InterestPayable2.27M936.00K477.00K0.00
Payables4.00M4.23M4.15M3.57M
DuetoRelatedPartiesCurrent363.00K363.00K363.00K363.00K
DividendsPayable7.00K7.00K243.00K0.00
TotalTaxPayable794.00K1.76M0.00250.00K
IncomeTaxPayable37.00K24.00K0.002.00K
AccountsPayable2.84M2.10M3.55M2.96M
TotalAssets88.04M91.28M84.96M117.69M
TotalNonCurrentAssets74.55M76.99M81.20M92.71M
OtherNonCurrentAssets4.18M3.95M1.15M1.12M
NonCurrentPrepaidAssets5.14M1.03M1.18M
NonCurrentDeferredAssets0.00
NonCurrentDeferredTaxesAssets0.00
InvestmentsAndAdvances0.00750.00K
InvestmentinFinancialAssets0.00750.00K
AvailableForSaleSecurities750.00K
LongTermEquityInvestment750.00K
GoodwillAndOtherIntangibleAssets17.62M27.01M36.43M45.84M
OtherIntangibleAssets17.62M27.01M36.43M45.84M
NetPPE52.74M46.03M43.62M45.00M
AccumulatedDepreciation-9.86M-4.29M-1.50M-2.77M
GrossPPE62.60M50.32M45.11M47.77M
Leases59.00K317.00K
ConstructionInProgress14.39M2.14M27.35M7.59M
OtherProperties313.00K431.00K233.00K405.00K
MachineryFurnitureEquipment20.89M20.85M10.58M33.52M
BuildingsAndImprovements25.45M25.37M6.41M5.65M
LandAndImprovements1.55M1.54M540.00K290.00K
Properties0.000.000.000.00
CurrentAssets13.49M14.28M3.76M24.98M
OtherCurrentAssets1.77M1.42M1.11M977.00K
AssetsHeldForSaleCurrent28.00K107.00K295.00K3.03M
RestrictedCash1.15M3.00M685.00K0.00
PrepaidAssets1.18M10.19M
Inventory0.00
Receivables2.71M3.39M539.00K531.00K
ReceivablesAdjustmentsAllowances0.000.00
OtherReceivables20.00K81.00K
DuefromRelatedPartiesCurrent247.00K0.00
NotesReceivable13.00K446.00K219.00K
AccountsReceivable2.69M2.95M320.00K450.00K
AllowanceForDoubtfulAccountsReceivable-244.00K0.000.000.00
GrossAccountsReceivable2.94M2.95M53.00K450.00K
CashCashEquivalentsAndShortTermInvestments7.84M6.37M1.14M10.26M
CashAndCashEquivalents7.84M6.37M1.14M10.26M
CashFinancial7.84M6.37M1.14M10.26M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-18.45M-15.75M-69.51M-51.72M
RepaymentOfDebt0.00-350.00K-4.49M0.00
IssuanceOfDebt14.47M3.10M30.54M16.00M
IssuanceOfCapitalStock0.00817.00K19.52M45.22M
CapitalExpenditure-13.38M-12.76M-63.76M-57.27M
InterestPaidSupplementalData527.00K827.00K1.31M6.00K
EndCashPosition10.45M10.37M1.82M10.26M
BeginningCashPosition10.37M1.82M10.26M2.63M
ChangesInCash86.00K8.55M-8.44M7.63M
FinancingCashFlow18.32M21.86M42.94M59.38M
CashFlowFromContinuingFinancingActivities20.59M21.86M42.94M59.38M
NetOtherFinancingCharges1.52M18.30M294.00K-5.89M
ProceedsFromStockOptionExercised2.33M0.00932.00K4.69M
CashDividendsPaid0.00-3.85M-630.00K
PreferredStockDividendPaid0.00-3.85M-630.00K
NetPreferredStockIssuance0.0016.66M27.96M
PreferredStockIssuance0.0016.66M27.96M
NetCommonStockIssuance0.00817.00K2.86M17.25M
CommonStockIssuance0.00817.00K2.86M17.25M
NetIssuancePaymentsOfDebt14.47M2.75M26.05M16.00M
NetShortTermDebtIssuance14.47M3.10M30.54M16.00M
ShortTermDebtPayments-350.00K-4.49M0.00
ShortTermDebtIssuance14.47M3.10M30.54M16.00M
NetLongTermDebtIssuance0.00-350.00K-4.49M0.00
LongTermDebtPayments0.00-350.00K-4.49M0.00
LongTermDebtIssuance15.00M
InvestingCashFlow-13.16M-10.33M-45.63M-57.30M
CashFromDiscontinuedInvestingActivities0.009.08M-37.00K
CashFlowFromContinuingInvestingActivities-13.16M-10.33M-54.71M-57.27M
NetInvestmentPurchaseAndSale0.00
PurchaseOfInvestment0.00
NetIntangiblesPurchaseAndSale-101.00K-58.00K-76.00K-1.57M
PurchaseOfIntangibles-101.00K-58.00K-76.00K-1.57M
NetPPEPurchaseAndSale-13.06M-10.27M-54.64M-55.70M
SaleOfPPE215.00K2.43M9.05M0.00
PurchaseOfPPE-13.28M-12.71M-63.68M-55.70M
OperatingCashFlow-5.07M-2.99M-5.75M5.55M
CashFromDiscontinuedOperatingActivities0.00369.00K917.00K
CashFlowFromContinuingOperatingActivities-5.07M-2.99M-6.12M4.63M
ChangeInWorkingCapital-4.94M2.27M139.00K3.19M
ChangeInOtherWorkingCapital-453.00K137.00K316.00K
ChangeInOtherCurrentLiabilities-1.81M2.92M-505.00K150.00K
ChangeInOtherCurrentAssets-4.84M-304.00K-29.00K-812.00K
ChangeInPayablesAndAccruedExpense5.51M3.03M179.00K4.96M
ChangeInAccruedExpense4.77M3.89M-374.00K2.20M
ChangeInPayable741.00K-862.00K553.00K2.77M
ChangeInAccountPayable741.00K-862.00K553.00K2.77M
ChangeInPrepaidAssets-3.30M-306.00K146.00K-956.00K
ChangeInReceivables-505.00K-2.62M211.00K-471.00K
ChangesInAccountReceivables-505.00K-2.62M211.00K-471.00K
OtherNonCashItems31.34M753.00K-1.20M1.98M
StockBasedCompensation5.31M4.31M3.67M1.94M
ProvisionandWriteOffofAssets760.00K0.00
AssetImpairmentCharge130.00K575.00K48.12M0.00
DeferredTax-2.52M-1.11M-1.39M41.00K
DeferredIncomeTax-2.52M-1.11M-1.39M41.00K
DepreciationAmortizationDepletion15.77M13.62M28.42M3.87M
DepreciationAndAmortization15.77M13.62M28.42M3.87M
AmortizationCashFlow9.49M9.48M9.48M1.58M
AmortizationOfIntangibles9.49M9.48M9.48M1.58M
Depreciation6.29M4.13M18.93M2.29M
OperatingGainsLosses7.38M4.30M15.22M
GainLossOnSaleOfPPE31.00K398.00K4.09M0.00
NetIncomeFromContinuingOperations-58.30M-27.70M-99.09M-6.39M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SLNH
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status