Soluna (SLNH)
Runs modular data centers beside renewable-power plants for Bitcoin mining, AI, and high-performance computing.
Something off on this page? Send us feedback.
Operates modular data centers co-located with renewable-power plants for Bitcoin mining, generative AI, and high-performance computing. Its structure combines Soluna Digital, Soluna Cloud's hosting services, and Soluna Energy's power agreements and land leases.
Operates modular data centers co-located with wind, solar, and hydroelectric plants, using surplus renewable energy for Bitcoin mining, generative AI, and high-performance-computing workloads. The operating business runs through Soluna Digital, while Soluna Cloud covers cloud, colocation, and data-hosting services for HPC and AI workloads.
Rather than operate conventional data-center campuses, the model places computing infrastructure next to renewable-power sites. The company manages four operating sites. Its facilities support compute-intensive workloads. Soluna Energy owns and manages renewable-power purchase agreements and land leases, making site and power arrangements fundamental to the business.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $113.4M · Total debt $39.3M · Total assets $293.5M · Shareholders' equity $155.9M
- Revenue
- $15.1M
- Operating income
- −$16.9M
- Net income
- −$20.7M
No dividends on record.
| Institutions | ≈ 28.25% | 44.57M shares | |
|---|---|---|---|
| 103 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 30.35% | 47.88M shares | |
| 15 holders · as of Sep 17, 2026 | |||
| Other | ≈ 41.40% | 65.30M shares | |
| remainder | |||
157.75M company shares as of Sep 18, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (244.59M in the company's Sep 22, 2026 report, 157.75M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Bugbee Robert L.Insider | 9.77% | 15.41M | filed Aug 5, 2026 |
Michael ToporekInsiderdirector | 6.28% | 9.91M | filed Dec 3, 2025 |
BlackRock, Inc.Institution | 5.28% | 8.33M | as of Jun 30, 2026 |
John BelizaireInsiderdirector, officer: Chief Executive Officer | 4.48% | 7.06M | filed Aug 27, 2026 |
Nuveen, LLCInstitution | 3.54% | 5.58M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | William P. Phelan | director | −12,037 | $1.12 |
| Sep 1, 2026 | John Belizaire | director, officer: Chief Executive Officer | −1,000 | $11.91 |
| Aug 31, 2026 | William P. Phelan | director | −3,188 | $12.08 |
| Aug 28, 2026 | William P. Phelan | director | −5,039 | $12.25 |
| Aug 28, 2026 | Michael Picchi | officer: Chief Financial Officer | +20,000 | $1.13 |
- IREN
Renewable-powered Bitcoin mining and AI-cloud data centers
- Cipher Digital
Texas Bitcoin-mining and HPC data-center developer
- TeraWulf
Low-carbon Bitcoin mining and HPC data-center operator
- Hut 8
Energy, mining, and HPC infrastructure across North America
- Core Scientific
Bitcoin-mining and HPC infrastructure across multiple U.S. sites
- HIVE
Renewable-energy data centers for mining, AI, and HPC
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Soluna | $1.28 | 0.00% | $201.9M | — | — | 4.8 | +144.6% |
| IREN | $48.56 | +2.82% | $16.85B | — | — | 23.8 | −26.8% |
| Cipher Digital | $19.50 | +3.17% | $7.73B | — | — | 40.5 | −43.0% |
| TeraWulf | $17.62 | +0.97% | $8.65B | — | — | 52.3 | −6.0% |
| Hut 8 | $109.36 | +5.74% | $11.64B | — | — | — | +81.4% |
| Core Scientific | $18.56 | +1.06% | $5.90B | — | 807.0 | 13.4 | +108.8% |
| HIVE | $3.54 | +1.72% | $952.3M | — | — | 2.9 | +73.5% |
| Median | — | 807.0 | 23.8 | +33.7% |