As filed with the Securities and Exchange Commission on October 27, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SOLUNA HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Nevada 7374 14-1462255 (I.R.S. Employer Identification Number) 325 Washington Avenu ...

Group 1: European AI Infrastructure Investment - Nvidia (NVDA) and Deutsche Telekom (DTE) are investing €1 billion in a new data center in Munich, Germany, aimed at enhancing Europe's AI infrastructure [2][7] - The project will deploy approximately 10,000 GPUs, reflecting Europe's efforts to close the AI infrastructure gap with the United States [2][7] - SAP SE (SAP) is expected to be a primary customer of the new facility, indicating a rising demand for advanced AI computing power across various industries [2][7] Group 2: SAP's Acquisition Attempt - SAP SE (SAP) made a takeover offer for BlackLine Inc. (BL) earlier this year, valuing the company in the high $60s per share, but the offer was rejected [3][7] - The proposed acquisition indicates SAP's strategic interest in expanding its portfolio of CFO-focused software solutions [3][7] - BlackLine's stock reacted positively to the news of the takeover interest, despite the rejection [3][7] Group 3: Oil Market Dynamics - Oil prices have stabilized near $61, with market focus shifting from U.S.-China trade talks to the implications of recent U.S. sanctions on Russian oil producers [4][7] - The International Energy Agency (IEA) projects that oil prices will likely moderate in the coming weeks due to an anticipated surplus in global oil supply [4][7] - Sanctions on major Russian oil producers, Rosneft and Lukoil, have influenced market dynamics, although profit-taking and oversupply concerns have limited price gains [4][7] Group 4: Russia and Venezuela Strategic Partnership - Russia and Venezuela have established a strategic partnership to enhance cooperation in energy, mining, transport, and security sectors [5][7] - The agreement emphasizes mutual opposition to external pressures and aims to ensure international stability [5][7]

Core Insights - Meta has secured a $27 billion financing partnership with Blue Owl Capital for its $10 billion Hyperion data center project in Richland Parish [1][2] - Blue Owl will hold the majority stake while Meta retains approximately 20% equity in the project [1] - The Hyperion project aims to deliver over 2 gigawatts of computing capacity to support AI systems like ChatGPT and Google Gemini [1] Financial Implications - This deal represents Meta's largest private-capital arrangement to date, highlighting the competitive landscape among tech giants to enhance AI infrastructure [2] - Industry-wide spending on AI infrastructure is projected to reach $400 billion this year [2] - Blue Owl's investment of roughly $7 billion in cash provides Meta with a $3 billion payout, allowing for expansion without significant debt exposure [1][2] Employment and Economic Impact - Once operational, the Hyperion project is expected to create over 500 jobs [2] - Analysts suggest that this strategic move helps Meta hedge against potential risks associated with an "AI bubble" [2]

Skip to Main Content Skip to Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. This Buzzy AI Data-Center Developer Has No Revenue. The Stock Is a Buy, Analysts Say. By Nate Wolf Oct 27, 2025, 11:33 am EDT Share Resize Reprints In this article FRMI SIE Saved Articles ...

Core Insights - EdgeMode, Inc. has filed a Form S-1 registration statement with the SEC to enhance its financing flexibility and support future growth in high-performance computing (HPC) and AI data center infrastructure globally [2][5][6] Group 1: Financing and Growth Strategy - The registration statement allows for the potential resale of up to 162,000,000 shares of common stock under a previously established equity financing facility, providing the company with additional capital access [5][6] - The filing is part of EdgeMode's strategy to develop scalable, AI-optimized colocation and hosting solutions to meet the increasing computational demands of enterprise, cloud, and machine learning applications [3][6] Group 2: Market Position and Infrastructure Development - EdgeMode is focused on building a sustainable platform for the next wave of AI and HPC innovation, leveraging its digital infrastructure expertise and commitment to energy-efficient data centers [4][10] - The company aims to support business growth and operational expansion through scalable HPC colocation and hosting solutions, addressing the rapidly increasing compute demands driven by AI and machine learning [7][10]

Core Insights - Equinix Inc. is set to report its Q3 2025 earnings on October 29, with analysts predicting an EPS of $5.44, a decrease from $9.05 in the same period last year, while quarterly revenue is expected to rise to $2.32 billion from $2.20 billion a year earlier [2][4] Financial Performance - In Q2 2025, Equinix reported FFO of $9.91, surpassing the consensus estimate of $9.30, although revenues of $2.25 billion fell slightly short of the consensus of $2.26 billion [3] - For the full year 2025, the company anticipates AFFO per share to be between $37.67 and $38.48 [4] Stock and Dividend Information - Equinix's stock price has fluctuated between $701.41 and $994.03 over the past 52 weeks [2] - The company has a dividend yield of 2.28%, having paid $18.72 per share in dividends over the last 12 months [2] - To generate a monthly income of $100 from Equinix dividends, an investment of approximately $52,631 is required, based on the current dividend yield [6]

Core Insights - Applied Digital has successfully achieved Ready for Service (RFS) for the first phase (50 MW) of its Polaris Forge 1 AI Factory Campus in Ellendale, North Dakota, marking a significant milestone in scaling its AI infrastructure to meet demand [1][3] - The Polaris Forge 1 Campus is set to deliver a fully leased 400 MW critical IT load deployment for CoreWeave, with an estimated $11 billion in anticipated lease revenue over approximately 15 years [2] Company Performance - The CEO of Applied Digital highlighted the team's capability to convert complex AI Factory designs into operational facilities with speed and precision, establishing a new standard for data centers [3] - The COO emphasized the strategic planning and execution that enabled the timely delivery of the first building, with plans to deliver an additional 50 MW by the end of the year [4] Infrastructure and Efficiency - Polaris Forge 1 is designed to expand to 1 gigawatt (GW) to meet increasing demands for AI and high-performance computing, featuring proprietary designs that include liquid cooling and power distribution innovations [4] - The efficiencies from the facility's design, combined with North Dakota's climate and renewable power access, are projected to yield $2.7 billion in lifecycle cost savings over 30 years [4] Recent Developments - The announcement follows a $5 billion AI Factory lease agreement with a U.S.-based investment-grade hyperscaler at the Polaris Forge 2 Campus in Harwood, North Dakota [5] - Polaris Forge 1 has been recognized as Capacity Magazine's Data Center of the Month for October 2025, highlighting its operational excellence [5] Company Overview - Applied Digital, founded in 2021 and headquartered in Dallas, TX, specializes in designing, building, and operating high-performance data centers for AI, cloud, networking, and blockchain workloads [6]

Group 1: Meme Stocks and Market Dynamics - Heavily shorted stocks have outperformed the market four to one over the past five years, raising questions about whether this trend represents a meme bubble or a new investment paradigm [1] - The rise of meme stocks has complicated long-term investing strategies, as non-fundamental factors can drive stock prices significantly higher in a short time [3][4] - Companies like GameStop and AMC illustrate the dual nature of meme stocks, where initial value can be overshadowed by speculative trading, leading to varying outcomes for their business models [5][6] Group 2: Investment Strategies and Profit-Taking - Investors face challenges in deciding when to take profits from rapidly appreciating meme stocks, balancing short-term gains against long-term potential [8][9] - Management's response to increased stock prices is crucial; companies that capitalize on high valuations to raise capital can strengthen their business models [10][11] - The example of Rocket Lab demonstrates how a company can maintain focus on long-term goals despite significant stock price fluctuations [11] Group 3: Semiconductor Industry Insights - TSMC reported a 40% revenue increase in the most recent quarter, indicating strong demand for chips, while ASML's growth appears more constrained due to production capacity limitations [13][19] - Concerns about geopolitical risks affecting TSMC's operations highlight the complexities of investing in companies reliant on specific regions [20][21] Group 4: Banking Sector Analysis - Recent bank earnings reports revealed underlying issues, with concerns about potential hidden risks in consumer credit and auto loans, particularly in a high-interest rate environment [22][23] - The banking sector's health remains a focal point, with analysts noting that while current conditions are stable, there are signs of increasing caution among investors [22] Group 5: AI and Technology Developments - Google's announcement regarding its Gemini model for understanding human cell language represents a significant potential advancement in drug discovery, although the practical application remains uncertain [49][50] - The use of AI in healthcare could reduce costs and improve success rates in drug trials, but the transition from model predictions to clinical validation will take time [51][52] Group 6: Stock Picks and Market Trends - Booz Allen Hamilton is viewed as a long-term investment opportunity despite current headwinds, with a focus on government contracts and IT services [55] - Sterling Infrastructure is positioned to benefit from the growing demand for data centers, reflecting the broader trend of increased investment in technology infrastructure [56]

Core Insights - The article emphasizes that artificial intelligence (AI) relies not only on chips but also on the supporting infrastructure, including data centers, networking, and systems integration [2][3][9] Group 1: Infrastructure Providers - Digital Realty Trust (NYSE: DLR) operates over 300 data centers globally, focusing on wholesale colocation space and has seen record AI-driven leasing activity, raising guidance multiple times for 2025 as hyperscalers pre-commit capacity [5][6] - Equinix (NASDAQ: EQIX) runs more than 270 data centers and is increasing capital expenditures to $4 billion to $5 billion annually through 2029 to enhance AI-ready capacity, including facilities designed for high-density GPU deployments [7] Group 2: Networking and Component Suppliers - Arista Networks (NYSE: ANET) specializes in cloud networking switches and software for data centers, with its 400G and 800G platforms being deployed in AI cluster fabrics to prevent network bottlenecks during training runs [10]

Group 1 - Applied Digital's stock has surged 326% in 2023, raising questions about the timing of investment [1] - The company specializes in designing, building, and operating data centers for AI, cloud, networking, and blockchain workloads, with a projected tripling of global data center capacity demand by 2030 [2] - Applied Digital has secured significant contracts, including $11 billion worth for CoreWeave, to provide extensive data center capacity over 15 years [3] Group 2 - The company's market value is approximately $9 billion, prompting investors to consider its long-term value despite current high price-to-sales ratios [4] - The stock may not be suitable for all investors due to its high price and lack of profitability, but it could be worth monitoring for potential pullbacks [5] - The Motley Fool Stock Advisor has identified other stocks as better investment opportunities, suggesting that while Applied Digital is in a growing field, it may not be the best immediate buy [6][7]