HomeTechnologyComputingSoluna Holdings Announces August Site Level Financials

Soluna Holdings Announces August Site Level Financials

ALBANI, NY–()–Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced the release of its August site-level financial data.

Michael Toporek, CEO of Soluna Holdings, stated: “Soluna continues to deliver healthy hashrate and margins despite low BTC prices and energy market volatility. In the short term, we are focused on powering the first 50 MW of our next-generation Dorothy facility , as it allows Soluna to scale. Our development pipeline continues to grow as renewable energy producers continue to view compute as their containment solution of choice.”

Key summary highlights:

  • BTC production picks up despite volatile market

    • BTC equivalent mined rose 6%, while BTC prices rose about 4% from July to August

    • Peak hashrate stayed above 1EH/s

  • Cash premium margins remain healthy

    • 20% Consolidated cash contribution margins despite low BTC environment and high energy costs

      • 26% cash contribution prop mining margins slightly offset by weaker hosting margins
  • Marie’s 10MW Hosting Agreement Renewed with Important New Terms

    • Contract has been restructured to better respond to energy fluctuations

    • Expected hosting margins with new contract expected to increase

Overview of income and contribution margin:

*all numbers below are excluding legacy hosting
**August & July Adj. Cash Contribution Margins Normalized to June FCA Costs – See pg. 21 of presentation for details
**Excluding FCA Cost Adjustment July Cash Contribution Margin was $413

($ in 000s, unverified)




Q1 2022

Apr 2022

May 2022

June 2022

Q2 2022

July 2022

August 2022










Cash Contribution Margin









Cash contribution margin (normalized electricity costs)









Annual sales









Margin on an annual basis









Note: Represents non-GAAP financial statistics.

A presentation and accompanying video are available on the company’s website at: https://www.solunacomputing.com/investors/updates/august2022flash/

About Soluna Holdings, Inc (SLNH)

Soluna Holdings, Inc. is the leading developer of green data centers that convert surplus renewable energy into global computing resources. Soluna builds modular, scalable data centers for compute-intensive, batchable applications such as cryptocurrency mining, AI, and machine learning. Soluna offers a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can be lost. Soluna’s data centers enable clean electricity owners to ‘sell. Each. megawatts.’

For more information about Soluna, please visit: www.solunacomputing.com or follow us on LinkedIn at linkedin.com/solunaholdings and Twitter @SolunaHoldings.

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