SLNHSoluna Holdings is experiencing significant underperformance across multiple timeframes, with weak fundamentals and negative technical indicators. The company's business model in cryptocurrency mining and HPC for AI is in a volatile sector. While there's a thematic link to AI, current financial health and market sentiment suggest caution.
Soluna Holdings operates in sectors with high growth potential (cryptocurrency mining and AI/HPC), but its current execution and financial performance do not strongly support these themes. The company's diversification into HPC for AI offers a potential long-term tailwind, but it's currently overshadowed by operational challenges.
Soluna Holdings exhibits weak financial performance with significant losses, negative net margins, and high operating expenses relative to revenue. While the company has some assets, its debt levels and negative cash flow present considerable financial risk.
Soluna Holdings shows extremely weak technical indicators across multiple timeframes. The stock has experienced a severe price decline, trading well below key moving averages, and momentum indicators are predominantly bearish. This suggests significant selling pressure and a lack of short-term buying interest.
| Factor | Score |
|---|---|
| Artificial Intelligence Adoption | 70 |
| Cryptocurrency Market Trends | 40 |
| Data Center Infrastructure Growth | 55 |
| Energy Efficiency in Computing | 65 |
| Company Strategy & Execution | 30 |
| Factor | Score |
|---|---|
| Valuation | 25 |
| Profitability | 5 |
| Growth | 60 |
| Balance Sheet Health | 10 |
| Cash Flow | 15 |
| Factor | Score |
|---|---|
| Trend Analysis | 5 |
| Momentum | 30 |
| Volume Confirmation | 40 |
| Support & Resistance | 20 |
| Short-term Trend | 20 |
Diversified Business in Growth Areas
Soluna Holdings, Inc. (SLNH) operates in the cryptocurrency mining, data center hosting, and high-performance computing (HPC) services sectors, including services for AI/LLM workloads. This diversification positions the company to benefit from growth in both digital asset and AI industries.
Low Price-to-Sales Ratio
The Price/Sales (P/S) ratio for the Trailing Twelve Months (TTM) is 0.7, and for fiscal year 2023 it was also 0.7. This suggests the company's stock may be undervalued relative to its revenue, especially given its operations in high-growth sectors.
Consistent Net Losses
The company has consistently reported significant net losses. For example, in fiscal year 2024, the net loss was $63.334 million on revenue of $38.021 million, resulting in a highly negative net margin of -166.6%.
Negative Earnings Per Share (EPS)
The EPS (TTM) is -$10.41, and P/E ratios are not meaningful due to consistent losses (indicated by negative P/E values across annual and quarterly reports). This signifies the company is not generating profits on a per-share basis.
March 2019
20
Next Dividend Date
March 2019
21
Ex-Dividend Date
August 2025
14
Next Earnings Date
H: $
A: $
L: $
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.