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On track to succeed at 1. 26 e. g. /s through June 30; Repeat ramp 3EH/s in the fourth quarter
ALBANY, NY, May 17, 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 mining cryptocurrencies and other supercomputing, today announced the publication of its monetary statements on the April site.
Michael Toporek, CEO of Soluna Holdings, said: “We had a smart April and, despite the drop in bitcoin’s average value by almost 25%, we expect a fake May. Our owner hash rate in May compared to April will increase by more than 60%. Our margins will be strong because our prices are among the most productive in the industry.
Toporek added, “I am proud of this month’s announcement that Spring Lane is investing in our allocations. They are experienced investors in green infrastructure and think our allocations are one of the few “really green” allocations in the sector. In addition, they have studied conscientiously and in comparison our Dorothy allocation and think that the economy is among the most productive in the industry. Our team and investors are proud of their company.
Key points of the summary:
April the most productive month in the history of Soluna
Compared to March, April monetary contribution dollars increased by 38%*
Exclusive mining profit increases sequentially up to 10%, hashrates up to 15%, and BTC generated up to 11%
The drivers of margin expansion have been
Sophie and Marie’s comforts continue to grow, leading to increased cost absorption
Sophie switched to 83% availability for electric power prices of 2. 5 to 2. 7¢ compatible with kWh
Revenue expansion continues as hashrate increases
61%** expansion expected in owner hashrate from April to May
At the end of the current quarter of 2022, it followed at 1. 26 p. e.
As of May 8, 983 PH*** were connected with 147 PH on the ground for a total of 1. 13 p. e.
By the end of the current quarter of 2022, it is expected to have approximately 1 owner e. g. and 260-280 PH hosted
*Excludes the effects of tornadoes and forced stops.
**Includes 147 PH/s on land.
Maximum hash rate.
Summary of revenue and contribution margin:
* all figures exclude legacy hosting
($ thousands, unaudited)
Actual
Q12021
Q22021
Q32021
Q42021
EX 21
Q12022
April 2022
Income
$995
$1,657
$2,368
$7,990
$13,010
$9,264
$3,392
Cash contribution margin
$744
$1,261
$1,703
$5,179
$8,888
$5,206
$2,596
Annualized income
$3,980
$6,628
$9,472
$31,960
$13,010
$37,056
$40,704
Annualized contribution margin
$2,976
$5,044
$6,812
$20,716
$8,888
$20,824
$31,152
A presentation and corresponding video are available on the Company’s online page at: http://www. solunacomputing. com/investors/updates/april2022flash/
About Soluna Holdings, Inc.
Soluna Holdings, Inc. (Nasdaq: SLNH), which operates its subsidiary, Soluna Computing, Inc. is the leading developer of green knowledge centers that turn excess renewable energy into global computing resources. and batch programs such as cryptocurrency mining, AI, and device learning. Soluna offers a cost-effective option for battery garage or transmission lines. Up to 30% of the strength of renewable energy projects can be wasted. electric power assets to “sell”. All. Megawatts. ‘
To learn more about Soluna, visit solunacomputing. com or follow us on LinkedIn and Twitter.
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 PCG Advisory, Inc. 646. 823. 8656Ksmith@pcgadvisory. com