• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Soluna Holdings Announces July Site Level Financials

August 18, 2022 By GlobeNewswire

ALBANY, NY, Aug. 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 July site level financials.

Michael Toporek, CEO of Soluna Holdings, stated, “Despite Bitcoin remaining around $20,000 and challenging power markets, Soluna has been able to maintain healthy margins and increase computing power. As a result of the increase in activity from renewable energy generators seeking computing as the most effective solution to their curtailment problems, we continue to believe investing through the cycle is the best opportunity to deliver value to shareholders.”

Key Summary Highlights:

Increased BTC Production Despite Volatile Market

  • BTC Equivalent Mined increased by 12% despite average BTC prices decreasing by 12% from June to July. 
  • Average Hashrate deployed increased by 9% with peak hashrate remaining above 1EH/s.

Cash Contribution Margins Remain Healthy

  • 27% Cash contribution prop mining margins slightly offset by weaker hosting margins
  • 19% Consolidated cash contribution margins overall if hosting is included despite low BTC environment
  • Margins impacted by exceptional events leading to fuel cost increases at Sophie and Marie

 10MW Hosting Agreement at Marie Expires End of September

  • Assessing economics of renewal or conversion to prop mining
  • Anticipated hosting margins with new contract expected to increase

Revenue & Contribution Margin Summary:
A presentation and corresponding video is available on the Company’s website at: https://www.solunacomputing.com/investors/updates/july2022flash/

About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as cryptocurrency mining, AI and machine learning. Soluna provides 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 go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’

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

Contact Information
Sam Sova
VP, Marketing
Soluna Computing
sam@soluna.io
+414 699 3667

MZ Contact
Brian M. Prenoveau, CFA
MZ Group – MZ North America
SLNH@mzgroup.us
+561 489 5315


Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

President Trump’s Tariff Letters Spook the Market, but Ripple (XRP) and Little Pepe (LILPEPE) Hold Steady

July 15, 2025

Solaxy and Nexchain: Two Crypto Presales That Could Outperform DOGE — Nexchain Adds $5M Rewards, Airdrop & 50% Bonus

July 15, 2025

BNB Holds Steady While Nexchain Hits $6.4M+ With Airdrop & Rewards — Top Crypto to Watch Now?

July 15, 2025

Metaplex Announces Genesis, A New Protocol For Token Launches on Solana

July 15, 2025

Pump Fun Becomes Third-Largest ICO, Is BlockchainFX Presale Next as Whales Earn $6,800? Find The Best Crypto to Invest in Now

July 15, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter