Core Insights - Soluna Holdings Inc. has made significant progress on multiple projects, including nearing completion of its 48-megawatt Project Dorothy 2 data center and groundbreaking of its 166-megawatt Project Kati facility [1][2] - The company secured a $100 million credit facility from Generate Capital and resolved operational hurdles with NYDIG, positioning itself for accelerated growth in Bitcoin mining and AI computing markets [1][4] Project Updates - Phases 1 and 2 of Project Dorothy 2 are fully operational, with the final 18-megawatt phase expected to go live in November, increasing hosting capacity and pushing total hash rate above four exahashes per second [5] - Project Kati, a 166-megawatt wind-powered facility, is under active construction with civil work and substation upgrades already underway [5] Financial and Compliance Milestones - Soluna regained compliance with Nasdaq's listing requirements, restoring full trading status and boosting investor confidence [4] - The $100 million credit line from Generate Capital will fund construction and refinancing, including an initial $12.6 million draw in September for key data center projects [4] Strategic Partnerships - The company signed a 20-megawatt hosting deal with Canaan Inc. to deploy Avalon A15 XP Bitcoin miners at Project Dorothy [6] - Soluna joined the Texas Blockchain Council to enhance its presence in the renewable energy and blockchain sectors and plans to participate in the North American Blockchain Summit in Dallas [6] Market Reaction - Following these announcements, SLNH shares were trading 16.67% higher at $2.10 [7]

Core Insights - Soluna Holdings (SLNH.US) experienced a significant stock increase of over 16%, reaching $2.10, following the announcement of its September Bitcoin mining results [1] Group 1: Mining Performance - In September, Soluna mined a total of 8.7 Bitcoins, a notable increase from 7.4 Bitcoins in August [1] - The company's self-mining hash rate reached 658 PH/s in September, up from 526 PH/s in August, indicating a continuous improvement in mining capacity [1] - The growth in hash rate is attributed to equipment upgrades and enhanced energy utilization efficiency [1] Group 2: Strategic Developments - The company disclosed several key developments, including a settlement with NYDIG [1] - Soluna has re-complied with Nasdaq's continued listing requirements [1] - The company completed a credit facility arrangement with a maximum amount of $100 million [1] - A strategic partnership was established with mining equipment manufacturer Canaan Inc. (CAN.US) [1]

Group 1: Bitcoin Production and Sales - Riot Platforms produced 445 Bitcoin in September, a decrease of 7% from August but an increase of 8% year-over-year, selling 465 Bitcoin for $52 million in net proceeds [1] - Clean Spark produced 629 Bitcoin in September, selling $445 of them for $49 million at an average price of $19,500, ending the month with 13,000 Bitcoin in its treasury [2] - Mara Holdings mined 736 Bitcoin in September, a 4% increase from the prior month, ending the month with almost 53,000 tokens after net sales from digital asset management activities [3] Group 2: Company Developments and Partnerships - Clean Spark highlighted major fiscal 2025 milestones, including reaching a hash rate of 50, acquiring grid infrastructure, and strengthening operations for continued growth in 2026 [2] - Saluna Holdings and Canon signed an agreement to deploy 20 megawatts of Bitcoin miners at Saluna's wind-powered project in Texas, supporting Canon's North American expansion [3][4] - The partnership advances Saluna's strategy to monetize its 2.8% gigawatt pipeline of renewable AI computing projects [4]

ALBANY, N.Y. & SINGAPORE--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. ("Soluna†or the "Company†) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, and Canaan Inc. (Nasdaq: CAN) ("Canaan"), an innovator in crypto mining, today announced a strategic hosting agreement to deploy 20 megawatts (MW) of Avalon® A15 XP Bitcoin miners at Soluna's Project Dorothy in Briscoe County, Texas. This agreement marks a significant milestone for ...

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - SHF Holdings, Inc. (SHFS) increased by 150% to $8.17 - Lithium Americas Corp. (LAC) rose by 69% to $5.18 - Aqua Metals, Inc. (AQMS) gained 50% reaching $6.11 - CleanCore Solutions, Inc. (ZONE) up by 44% at $2.87 - Cyclerion Therapeutics, Inc. (CYCN) increased by 33% to $4.03 - Twin Vee Powercats Co. (VEEE) rose by 17% to $2.92 - Solidion Technology, Inc. (STI) up by 11% at $5.09 - China Pharma Holdings, Inc. (CPHI) increased by 11% to $2.18 - Stardust Power Inc. (SDST) rose by 10% to $3.04 - Aligos Therapeutics, Inc. (ALGS) increased by 7% to $11.03 [3] Premarket Losers - Aytu BioPharma, Inc. (AYTU) decreased by 15% to $2.11 - Professional Diversity Network, Inc. (IPDN) down by 13% to $4.10 - STRATA Skin Sciences, Inc. (SSKN) fell by 10% to $2.31 - Cohu, Inc. (COHU) decreased by 9% to $20.68 - Super League Enterprise, Inc. (SLE) down by 9% to $7.74 - CTW Cayman (CTW) fell by 9% to $2.29 - Fitell Corporation (FTEL) decreased by 8% to $7.70 - Soluna Holdings, Inc. (SLNH) down by 8% to $2.16 - StableX Technologies, Inc. (SBLX) decreased by 5% to $5.22 - Indaptus Therapeutics, Inc. (INDP) down by 5% to $2.95 [4]

Group 1 - Soluna Holdings (SLNH) stock has surged approximately 116% over the past week and 330% over the last month, driven by renewed investor interest in its green data-center model and recent financing updates [1] - On September 23, Soluna filed a prospectus supplement to update its ATM offering program, authorizing the sale of up to $87.65 million of common shares through H.C. Wainwright as agent [2] - Soluna's public float is now reported at $98.5 million, exceeding the $75 million threshold under SEC rules, which removes the "baby-shelf" limit on primary offerings [3] Group 2 - Despite the removal of the baby-shelf cap, Soluna's near-term ATM capacity is constrained by its charter, with only about 4.3 million shares remaining authorized for issuance as of September 22, 2025 [4] - Raising the authorized share limit would require a charter amendment subject to stockholder approval, and as of the filing, Soluna has not announced plans for such an amendment [5] - At the time of publication, SLNH is up 30% from the previous day's close [6]

Group 1 - Soluna Holdings, Inc. has secured a scalable credit facility of up to $100 million from Generate Capital to fund refinancing, construction, and expansion of its renewable-powered projects [1] - The financing is aimed at supporting large-scale data center facilities [2] Group 2 - Vinson & Elkins served as counsel to affiliates of Generate Capital in the negotiation of the financing [2] - The financing arrangement involves Generate Capital acting as the sole lender, administrative agent, and collateral agent [2]

Soluna Holdings (NASDAQ: SLNH) has closed a scalable credit facility of up to $100 million with Generate Capital to refinance and construct its green data center projects, drawing an initial $12.6 million to fund active builds and refinance existing assets. Get these headlines directly to your inbox: subscribe to Blockspace. The facility includes a delayed‐draw tranche of $22.9 million earmarked for continued development of Project Dorothy 2 and the forthcoming Project Kati 1 data center, as well as an un ...

Core Insights - Soluna Holdings, Inc. is set to break ground on Project Kati, its largest facility to date, on September 18, 2025, in Willacy County, Texas [1] - The project aims to provide 166 megawatts (MW) of clean computing capacity, with the first phase delivering 83 MW [1] Company Overview - Soluna Holdings, Inc. focuses on developing green data centers tailored for intensive computing applications, including artificial intelligence (AI) and Bitcoin mining [1] Project Details - Project Kati will be executed in two phases, with the initial phase expected to deliver 83 MW of capacity [1] - The total capacity of the project will reach 166 MW upon completion [1]

Financial Data and Key Metrics Changes - The company reported a quorum present for the meeting, indicating active shareholder participation [9] - The proposals for the election of directors and the appointment of the independent auditor were approved by a majority of votes cast [14] Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed during the meeting Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The company proposed a reverse stock split with a ratio of not less than 1.45 and not greater than 1.45, which may indicate a strategy to enhance share price and market perception [11] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting Other Important Information - The meeting included formal steps taken for the election of directors and the appointment of auditors, ensuring compliance with regulatory requirements [3][5] - The company emphasized that any forward-looking statements made during the meeting are subject to risks and uncertainties [5] Q&A Session Summary - No Q&A session was conducted during this meeting, as the focus was on formal proposals and voting outcomes