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Repeat ramp 1 EH/s until the end of March 2022; February BTC consistent with daily increases up to 16%
ALBANY, NY, March 15, 2022 (GLOBE NEWSWIRE) — NewMediaWire – Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green knowledge centers for cryptocurrency mining and other supercomputing, today announced the launch of its monetary knowledge on the February site.
Michael Toporek, Chief Executive Officer of Soluna Holdings, said: “We are pleased to announce a continuous operating ramp and remain on track for our hashrate to be successful at 1 p/s through the end of March and more than 3 p/s in the fourth quarter. It is vital to note that our allocation portfolio remains strong as we seek to be one of the leading providers of aid responses for the renewable energy industry. “
Key points of the summary:
February 2022 Prop Mining BTC Equivalent consistently generated with the highest day up to 16%
As of March 12, 2022, 815 PH/s installed with more than 185 PH/s in the plant connected to achieve the goal of 1 p/s by the end of March
Excluding JV Hosting (284 PH/s), expect to mine more than one hundred BTC equivalents per month at 1 EH/s
Second-quarter owner’s hashrate is expected to grow more than 36%
Operations continue to expand. The preparation of the Dorothy is in full swing.
Project portfolio continues to be strong as Soluna becomes a leading provider of relief responses for the renewable energy sector
Summary of revenue and contribution margin:
($ thousands, unaudited)
Q1 2021
Q2 2021
Q3 2021
Q4 2021
February 2022
Income
$995
$1,657
$2,368
$8,017
$3,077
Cash contribution margin
$744
$1,261
$1,703
$5,524
$1,627
Annualized income
$3,980
$6,628
$9,472
$32,068
$36,924
Annualized contribution margin
$2,976
$5,044
$6,812
$22,096
$19,524
A presentation and corresponding video are available on the Company’s online page at: https://www. solunacomputing. com/investors/updates/february2022flash/
About Soluna Holdings, Inc.
Soluna Holdings, Inc. (Nasdaq: SLNH) is the leading developer of green knowledge centers that convert excess renewable power into global computing resources. device learning. Soluna offers a cost effective option for the battery garage or transmission lines. Soluna’s MTI instrument department manufactures precision devices and apparatus for the electronics, aviation, automotive, power and other industries. Soluna and MTI Instruments use intentional generation and design to solve complex, real-world challenges. Up to 30% of the strength of renewable energy projects can be wasted. Soluna’s Knowledge Centers allow active homeowners to “sell” electric power blanks. All. Megawatts. ‘
To learn more about Soluna, visit www. solunacomputing. com or follow us on LinkedIn on linkedin. com/solunaholdings and Twitter @SolunaHoldings.
Forward-Looking Statements
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the control’s existing expectations as of the date of this release and involve certain risks and uncertainties. Forward-looking statements come with the following statements related to the successful execution of the Company’s business strategy. The Company’s actual effects may also differ materially from those expected in those forward-looking statements due to various factors. These dangers and uncertainties come with, among other things, our ability to identify and maintain the proprietary nature of our generation through the patent process, as well as our ability to potentially license patents and patent programs to others. mandatory to expand products; the availability of funds; the Company’s ability to implement its long-term business plan for various programs of its generation; the Company’s ability to enter into agreements with all mandatory partners; they have an effect on competition; obtain and maintain all mandatory regulatory approvals applicable to the Company’s generation programs; and expansion control and other dangers and uncertainties that may be detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.
Investor Relations:
Kirin Smith, President of PCG Advisory, Inc. 646. 823. 8656Ksmith@pcgadvisory. com