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SLSLNH

Soluna Holdings, Inc.

$SLNH·$185M·Hardware, Equipment & Parts·Technology
$1.08-2.7%YTD-0.8%1Y+120.5%
Mentions · last 7 days
2026-08-22: 22 posts2026-08-23: 16 posts340-7%
Price updated 14h ago·X counts updated 9d ago
SLSLNH
$SLNHSoluna Holdings, Inc.
$1.08-2.70%340 posts-7%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $SLNH, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeWinding up for a moveAI verdict · as of 2026-08-31

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

The renewable-power datacenter microcap where CEO Belizaire just bought at $1.20 — a Bitdeer 28MW deal, a Texas land close, and the tape sitting under both moving averages.

Soluna Holdings develops modular renewable-powered datacenters (originally sized for crypto mining, now increasingly pitched at AI hosting). The equity is up 136% over the last twelve months but the tape has been rangebound below both moving averages while the operating story reshapes underneath.

  • The revenue growth is real but small: Q1 revenue grew 58% year-over-year to $9.4M, prior quarters ran 11-12%, and consensus models $60M FY26 rising to $77M FY27 — the acceleration is here, but the base is still small enough that any single hosting contract materially moves the numbers.
  • The insider signal is a genuine positive: CEO John Belizaire bought $60K in the open market Aug 27 at $1.20, which is exactly where the tape has been coiling — director William Phelan's small $180K in sales at higher prices is context, not counter, and the CEO's buy at spot is the tell.
  • The deal cadence is picking up: the Aug 25 28MW Bitdeer agreement at Project Kati 1 and the Aug 24 397-acre Briscoe County land close for Project Dorothy 3 both add real hosting capacity — the hosting mix is now dwarfing legacy mining revenue, which is exactly what the FY27 EPS estimate of -$0.27 (vs -$0.45 FY26) needs.
  • The financial-structure risk remains real: operating margins ran -92% to -177% recent quarters, gross margins negative, and there's a persistent dilution question — the $1.3B question a recent Seeking Alpha piece raised remains unanswered, so the coiled setup is not without a bear case.

The path if it works is a Nov 12 Q3 print showing Bitdeer and Dorothy 3 revenue starting to convert plus any hyperscaler-relationship hint — the tape breaks the coil upward and the CEO's $1.20 buy looks well-timed. What extends the drift is another quarter where operating losses widen without a specific contract announcement; that's when the 'lower-low retest into the golden zone near $1' many traders name becomes the actual outcome.

Agrees with X sentimentThe mixed X read is honest: bulls citing CEO and CFO open-market buys around $1.20, the 397-acre Briscoe close for Project Dorothy 3, the 28MW Bitdeer deal at Kati 1, and hosting revenue now dwarfing legacy mining, versus traders openly waiting for a lower-low retest into the 'golden zone' near $1 — both sides describe the same setup, which is why the current trajectory is coiling rather than accelerating.

What to watch: The Nov 12 Q3 print — Bitdeer and Dorothy 3 revenue converting plus any hyperscaler-relationship hint breaks the coil upward; another quarter of widening losses without a specific contract announcement is what turns the coil into a retest of $1.

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

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Mixed sentiment84 posts analyzed · as of 2026-08-30

Soluna posters are split between a growing operational thesis and visible frustration with the tape. Bulls point to CEO and CFO open-market buys around $1.20, a 397-acre Briscoe County land close for Project Dorothy 3, a 28MW deal with Bitdeer at Kati 1, and a hosting mix now dwarfing legacy mining revenue. Bears and even sympathetic longs keep repeating that price is stuck under the 50 EMA and 200 MA, dilution fears persist, and several traders openly wait for a lower-low retest into the "golden zone" near $1 before adding.

Read the AI verdict + X sentiment for $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)
  • X crowd read with bullish/bearish call + post volume
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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

AI server infrastructure buildout drives compute shipment volumes; Dell and HPE are riding the same hyperscaler capex wave that lifted NVDA. Non-AI commercial refresh remains soft, so the bull case is concentrated in AI infrastructure exposure.

What this means for $SLNH

Partial — cloud infrastructure exposure benefits indirectly from hyperscaler capex; core business is Soluna Holdings, Inc.

Top industry ETF

$SOXXiShares Semiconductor ETF
+75.7%YTD
+110.5%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

2-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$60.3M$60.3M – $60.3M-$0.45-$0.45 – -$0.451
FY27$76.7M$76.7M – $76.7M-$0.27-$0.27 – -$0.271

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.0.7×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.14%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.-13.9%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.-17.7%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 today7.0% 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.β5.125-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

SellAug 27William P PhelanDirector8.1K sh$98KBuyAug 26John BelizaireCEO50.0K sh$60KSellAug 26William P PhelanDirector1.9K sh$23KSellAug 25William P PhelanDirector5.0K sh$60KSellAug 24William P PhelanDirector5.0K sh$58KBuyAug 24Michael PicchiCFO10.0K sh$11KSellAug 21William P PhelanDirector8.8K sh$109KBuyAug 20Michael PicchiCFO20.0K sh$23KSellAug 20William P PhelanDirector1.2K sh$14KSellAug 19William P PhelanDirector5.0K sh$63K
1–10 of 22
+ 1 other (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 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.

8-KPress release / Reg FDJul 308-K — Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings, Inc. (SLNH) announced via Reg FD press release on July 30, 2026 that it will release Q2 2026 financial results on August 13, 2026, followed by a conference call and webcast at 5:00 PM ET. No financial data is disclosed in this filing. This is a routine administrative earnings scheduling announcement with no material operational information.

8-KOfficer or director changeJul 248-K — Item 5.02: Officer or director change
AI summary

Soluna Holdings, Inc. (Nevada; Albany, NY), which has both common stock and 9.0% Series C Cumulative Perpetual Preferred Stock registered, filed an 8-K on July 9, 2026 under Item 5.02, disclosing a departure or appointment of directors or officers. The body excerpt contains only the cover page. This is a routine leadership change filing from the renewable energy computing company; the executive's identity and effective date are in the attached exhibit.

3New insider — initial holdingsJul 213
AI summary

Ryan Carver, newly appointed Chief Development Officer of Soluna Holdings, Inc. (SLNH), filed an initial Form 3 reporting zero beneficial ownership in Soluna non-derivative or derivative securities as of July 13, 2026. The filing is a routine Section 16(a) initial disclosure required upon becoming a reporting officer. It signals Carver's appointment to a senior role at this green computing and Bitcoin mining company without conveying any existing equity alignment.

8-KPress release / Reg FDJul 168-K — Item 7.01: Press release / Reg FD
AI summary

Soluna Holdings appointed Ryan Carver as Chief Digital Officer. The appointment signals the company's focus on digital infrastructure and software-defined power management for its renewable energy-powered modular data center and computing operations.

+ 49 other (17 8-Ks · 4 EFFECTs · 4 CORRESPs · 3 13Gs) in window

Recent news

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

Reviewing Soluna (NASDAQ:SLNH) and Portage Biotech (NASDAQ:ALP)defenseworld.net·1d agoSoluna and Bitdeer Enter 28 MW Agreement at Project Kati 1gurufocus.com·7d agoSoluna and Bitdeer Enter 28 MW Agreement at Project Kati 1businesswire.com·7d agoSoluna Closes Purchase of 397 Acres for Project Dorothy 3businesswire.com·8d agoSoluna Holdings: The $1.3B Question Remains Unansweredseekingalpha.com·14d ago

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