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TickerTalks›$SLNH
SLSLNH

Soluna Holdings, Inc.

Rising onWhy it's trendingMoving on elevated volumeStrong bullish X conversation
$SLNH·$142M·Hardware, Equipment & Parts·Technology
$0.67-10.0%YTD-4.1%1Y-84.0%
Price updated 5h ago·X counts updated 5d ago
SLSLNH
$SLNHSoluna Holdings, Inc.
$0.67-10.04%324 posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $SLNH on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

324X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $SLNH's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data22 posts analyzed · as of 2026-09-16

Soluna's crowd is riding the Project Kati energization: the final 14MW went live, bringing operating capacity to 206MW, and the full 166MW Kati campus received conditional Base Load classification in ERCOT's Batch Zero process. Bulls stack the Briscoe County 397-acre expansion for a planned 300MW renewable AI campus, CEO Belizaire's Sept 14 H.C. Wainwright panel with $CLSK/$MARA/$CORZ/$BTDR, and the Google/Finland playbook (wind + batteries + nuclear + grid) as the analog. Longs treat red days as noise while the site actually turns on.

Read what X is saying about $SLNH

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $SLNH — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Hinges on a big eventWinding up for a moveAI verdict · as of 2026-10-02

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Soluna is a $192M AI-datacenter power buildout — Project Kati is live and the Briscoe County expansion is next.

Soluna Holdings builds renewable-powered datacenters for high-performance compute and crypto workloads — small cap, but the operational footprint is scaling fast. Project Kati's final 14MW just went live.

  • The operational base is now real: 206MW of operating capacity after Kati's full 14MW energization, with the 166MW Kati campus receiving conditional ERCOT Base Load classification in Batch Zero — Base Load status is what makes this attractive to AI customers vs. crypto-only.
  • The pipeline looks big versus the cap: a 300MW renewable AI campus planned on 397 acres in Briscoe County on top of the operating base — if any of this converts to signed AI tenants, a $192M cap is tiny for the physical footprint.
  • Revenue is still crypto-dominated: Q1 revenue +58% YoY at a -177% operating margin — the P&L has not yet shifted to AI mix, which is why the stock trades at $1.06 despite the physical capacity.

Nov 12 Q3 is the gate — any signed AI-tenant announcement for Kati or Briscoe plus a stabilizing operating-margin trajectory extends the move. Another crypto-only quarter plus a dilutive raise and this slides back toward 52-week lows.

Agrees with X sentimentThe thread has the right drivers — Project Kati 14MW live (206MW total), ERCOT Base Load classification, Briscoe County expansion, Belizaire's H.C. Wainwright panel — all substantively grounded, with the AI-tenant conversion being the actual swing factor.

What to watch: Nov 12 Q3 — any signed AI-tenant announcement for Kati or Briscoe, operating cash flow, and dilution-watch. A dilutive raise before an AI-tenant signing is the clear invalidator.

On the calendar: 2026-11-12 — Q3 earnings

Read the AI verdict on $SLNH

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Builds modular data centers for cryptocurrency mining co-located with curtailed renewable energy, monetizing stranded power.

Industry overviewAI analysisGenerated by AI from underlying data

Where Hardware, Equipment & Parts sits in its cycle right now — and what that implies for $SLNH.

Hardware, Equipment & Parts · Technology

No material change from last week — AI data-center optical interconnect demand sustains order momentum.

What this means for $SLNH

Neutral — Builds modular data centers for cryptocurrency mining co-located with curtailed renewable energy, monetizing stranded power.

Top industry ETF

$SOXXiShares Semiconductor ETF
+83.9%YTD
+70.7%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-2.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-28.0%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-130%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-18.6%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
8.1Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-261%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
14.5%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.6Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 13, 2026$-0.18$-0.11-63.6%
Q1 2026May 18, 2026$-0.24$-0.20-20.0%
Q4 2025Mar 30, 2026$-0.20$-0.200.0%
Q3 2025Nov 14, 2025$-1.14$-0.61-86.9%
Next earningsThu, Nov 12·consensus EPS $-0.06

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$9.4M+58.3%-5.2%-177%$-0.24$-8.9M
Q4 FY25$9.2M+11.3%19.2%-131%$-0.17$-19.4M
Q3 FY25$8.4M+11.8%27.7%-92.5%$-1.14$-12.0M
Q2 FY25$6.2M-36.4%19.3%-108%$-0.69$-9.7M

Forward consensus

3-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$61.8M$58.2M – $65.3M-$0.45-$0.48 – -$0.411
FY27$61.8M$58.3M – $65.3M-$0.34-$0.37 – -$0.311
FY28$247.3M$233.3M – $261.3M-$0.04-$0.04 – -$0.041

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.6×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.2%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-40.6%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-45.1%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 101.8M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today11.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β5.115-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellSep 23Jessica L. ThomasChief Accounting Officer30.0K sh$38KSellSep 3William P PhelanDirector12.0K sh$13KSellSep 1John BelizaireCEO1.0K sh$12KSellAug 31William P PhelanDirector3.2K sh$39KSellAug 28William P PhelanDirector5.0K sh$62KBuyAug 28Michael PicchiCFO20.0K sh$23KSellAug 27William P PhelanDirector8.1K sh$98KBuyAug 26John BelizaireCEO50.0K sh$60KSellAug 26William P PhelanDirector1.9K sh$23KSellAug 25William P PhelanDirector5.0K sh$60K
1–10 of 27
+ 3 other (2 inkinds · 1 award) in window

See when $SLNH insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDSep 288-K — Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings issued a press release on September 28, 2026 announcing an amended agreement with Dory Creek, LLC, a wholly owned subsidiary of Bitdeer Technologies Group, related to Soluna's AI and Bitcoin mining infrastructure operations. No specific financial terms of the amendment are disclosed in the filing body; the full press release is furnished as Exhibit 99.1. This is a partnership update that may affect Soluna's operational capacity or revenue terms but requires reading the press release for material details.

8-KPress release / Reg FDSep 148-K — Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings (SLNH) announced that ERCOT conditionally classified its 100 MW Project Dorothy campus as Base Load in Batch Zero, per a press release on September 14, 2026. ERCOT Base Load classification provides preferential grid access and dispatch priority in Texas for this bitcoin mining and compute campus. A meaningful operational milestone — Base Load status substantially improves Project Dorothy's revenue certainty and long-term commercial viability in the Texas power market.

8-KPress release / Reg FDSep 98-K — Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings announced that CEO John Belizaire will participate in the H.C. Wainwright 28th Annual Global Investment Conference via press release furnished as Exhibit 99.1. This is a routine Reg FD investor conference disclosure for the renewable energy and Bitcoin mining company.

8-KPress release / Reg FDSep 88-K — Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings filed an 8-K on September 8, 2026, furnishing a press release under Reg FD (Item 7.01) announcing the completion of Project Kati 1, an 83 MW renewable energy computing campus. With this completion, Soluna's full 166 MW campus including its AI computing expansion has been classified as Base Load by ERCOT, reflecting stable and grid-consistent power delivery. The information is furnished rather than filed and is not subject to Section 18 Exchange Act liability.

8-KPress release / Reg FDAug 258-K — Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings disclosed that one of its subsidiaries entered into an agreement with Dory Creek, LLC, a wholly-owned subsidiary of Bitdeer Technologies Group (BTDR) — described as a world-leading AI and Bitcoin mining infrastructure company. Full details are in the Exhibit 99.1 press release. Strategic partnership between Soluna (sustainable computing) and Bitdeer; partnership nature and financial terms are in the attached press release.

8-KPress release / Reg FDAug 248-K — Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings announced it closed the purchase of 397 acres in Briscoe County, Texas, via a press release furnished as Exhibit 99.1. The land acquisition is intended for potential expansion of Soluna's sustainable computing and/or Bitcoin mining infrastructure. Strategic land acquisition for future data center or Bitcoin mining build-out in Texas; financial terms of the purchase are in the attached press release.

8-KPress release / Reg FDAug 138-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings, Inc. (SLNH), a renewable energy and cryptocurrency computing company, filed an 8-K on August 13, 2026 reporting Q2 and H1 2026 financial results for the six months ended June 30, 2026. The company simultaneously published an updated investor presentation to its IR website under Item 7.01 (Regulation FD). Both the earnings press release (Exhibit 99.1) and the investor presentation are furnished rather than filed. Soluna has both common stock and 9.0% Series A Cumulative Perpetual Preferred Stock listed on Nasdaq, making the preferred dividend coverage in the quarterly results a key investor data point.

8-KPress release / Reg FDAug 58-K — Item 7.01: Press release / Reg FD
AI summary

SLNH filed an 8-K (Item 7.01) for a Regulation FD disclosure. A presentation or investor communication is being furnished as an exhibit. Reg FD disclosures are furnished rather than filed and are not typically market-moving on their own, but may contain forward-looking statements or strategy updates.

+ 28 other (11 8-Ks · 3 13Gs · 2 10-Qs · 2 EFFECTs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Soluna Stockholders Approve Share Increase, YA Equity Deal at 2026 Meetingmarketbeat.com·15h agoSoluna and Bitdeer Expand Agreement to 35 MW at Project Kati 1gurufocus.com·19d agoSoluna and Bitdeer Expand Agreement to 35 MW at Project Kati 1businesswire.com·19d agoSoluna to Present at the Water Tower Research Insights Conference on September 23, 2026newsfilecorp.com·25d agoSoluna Secures Conditional Base Load Position for Project Dorothy's 100 MW in ERCOT Batch Zerobusinesswire.com·33d ago

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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