(Nasdaq: SLNH) Profile

December 10, 2023

OUR NEW PROFILE IS: (NASDAQ: SLNH)

THIS DATA CENTER JUGGERNAUT IS SOLVING RENEWABLE ENERGY’SBIGGEST PROBLEM ALL WHILE BENEFITING FROM THE RISE OF BITCOIN

REVENUE IN THE THIRD QUARTER INCREASED BY 176% TO $5.8 MILLION COMPARED TO $2.1 MILLION IN THE SECOND QUARTER OF 2023

SOLUNA HARNESSES THE POWER OF COMPUTING TO ACCELERATE THE RENEWABLE ENERGY FUTURE

SLNH COMPLETED A 1-25 REVERSE SPLIT BACK IN OCTOBER, KNOCKING THE FLOAT DOWN TO JUST 1.22 MILL

MILL

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Hello Everyone,

Bitcoin has been on a wild ride since the start of 2023, surging by over 80% since January. The leading digital coin exploded to an 18-month peak in November.

Despite this, many experts believe that the current rally could be just the beginning and that bitcoin has the potential to go further than its previous highs.

Many digital coins have been rebounding from their lows, with investors expressing more positive sentiments. According to Standard Chartered Bank, bitcoin will reach $100,000 by the end of 2024. The next catalyst, wrote the bank’s Geoff Kendrick and team, will be the approvals of several U.S.-based spot bitcoin ETFs, which they expect “are likely to come sooner than expected.”

“We think a number of spot ETFs will now be approved in Q1-2024 for both BTC and ETH, paving the way for institutional investment,” they said.

Pull up SLNH Imm

SLNH is a leading developer of green data centers for Bitcoin mining and other intensive computing applications.

The company builds modular, scalable data centers that convert wasted renewable energy into computing power for intensive, batchable applications such as cryptocurrency mining, AI, and machine learning. This solution provides a cost-effective alternative to battery storage or transmission lines.

IT WORKS LIKE THIS:

→Power plants generate renewable energy.
→SLNH buys its excess energy.
→They then use that energy to power their data centers.

MAJOR CATALYSTS

✓An industry first. The company’s data center solution provides a cost-effective alternative to battery storage or transmission lines, helping power plant owners sell EVERY megawatt they have. Leveraging SLNH’s team’s unique combination of energy and technology expertise, the company is the first to offer such a revenue-generating solution,giving asset owners a competitive advantage. The company’s solution is poised to be the industry standard within 3 years!
✓A $120B+ market opportunity. The company’s long-term strategy is to dominate a few relatively small niche markets (digital coin mining, GPU cloud, etc.) by offering a truly zero-carbon cloud to a variety of end markets that are currently not served by data centers. Then, it will swiftly expand into broader, related markets. $9B+ Digital currencies, $5B Scientific research $50B+ Artificial intelligence and machine learning, and $60B+ Additional compute-intensive tasks.
✓Bitcoin has been exploding this year. The first market SLNH is applying its strategy to is the digital currency market. And many digital coins including Bitcoin have been rebounding tremendously!
✓Revenue potential. As described in the company’s earnings power illustration, the combined revenue potential for its sites: Project Dorothy 1A, Project Dorothy 1B, and Project Sophie is $37.5 million on an annualized basis!
✓Strong Q3 Results. The company financial results for the third quarter ended September 30, 2023, including a 176% increase in revenue and operating profit milestone.
✓A competitive edge SLNH has one of the industry’s lowest mining costs when referring to cost of revenue (mining) and all-in business costs!
✓Meeting a growing need. Stronger policies and raised climate goals are driving renewables to new records. By 2026, global renewable electricity capacity is forecast to rise more than 60% from 2020 levels to over 4 800 GW – equivalent to the current total global power capacity of fossil fuels and nuclear combined
✓Experienced management. SLNH has formed a new Advisory Board and the appointment of Daniel Golding, a former head of advanced engineering and data center innovation at Google. The Advisory Board has been formed to further accelerate the Company’s plan to offer its AI customers purpose-built facilities powered by renewable energy at groundbreaking costs.

Soluna Holdings Reports Q3 Results
Performance Includes 176% Increase in Revenue and Operating Profit Milestonehttps://t.co/JDQZ6TYiON
— Soluna (@SolunaHoldings) November 15, 2023

THE COMPANY IS IN THE BUSINESS OF BUYING CURTAILED RENEWABLE ENERGY TO PROVIDE ENERGY-INTENSIVE COMPUTING SERVICES FOR PROFITS SUCH AS USING CURTAILED ENERGY TO MINE BITCOIN.

It’s a very straightforward business: to create an economy in the curtailed (wasted) renewable energy subsector. The company locates sites with curtailed energy (that meets its criteria) and then builds facilities around them to produce marketable products and services. (Batchable computing).

Up to 30% of the power of renewable energy projects can go to waste but Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt!’

Soluna Holdings, Inc. (NASDAQ: SLNH) works with some of the largest plant owners in the world and brings its advanced facilities to different projects.

SLNH is building projects that absorb renewable energy and can take the projects out of their ailing positions where they don’t monetize all the energy.

The company brings in a data center solution; a computing solution, that is built on-site with the facility to absorb the wasted energy and convert it to a global resource. A low-cost, clean, green, and sustainable energy.

WHY IS THIS IMPORTANT?

SLNH is helping power plants reach their revenue goals and get more megawatts to the grid. This in turn will make renewable, affordable energy the world’s primary power source.

HOW IS THIS BEING DONE?

→By bringing demand to power plants.
→Building mobile data centers at the location where power is generated.
→And applying that energy to the growing, worldwide demand for high-intensive computing.

SLNH is a team of experts, professionals & entrepreneurs suited to bring green to power plants, grids, and the world economy.

LEADING CURTAILMENT SOLUTIONS PROVIDER TO THE RENEWABLE ENERGY BUSINESS

We buy excess energy from directly renewable power plants and convert it to clean, low-cost global computing

FOCUS ON RETURN OF INVESTED CAPITAL (ROIC) & CAPITAL DISCIPLINE

Focus on low power cost (~2.7 ¢ per kWh) and efficient CAPEX for capital deployment optimization. Design projects to return capital invested in 2 years

LONG-TERM STRATEGY BEYOND BITCOIN TO AI

The company takes excess energy from renewable energy sources and funnels it to batch-oriented, to power batch-oriented computing. Digital currency is one of them.
The company has the right plan for a volatile environment that they have specifically engineered to thrive even in a digital coin downturn.

A GROWING PIPELINE OF PROJECTS…

The company’s data centers can buy every excess megawatt to use for batch-oriented, computing-intensive processes such as digital currency mining or machine learning, and this solution is as low-risk and low-friction to use as a smartphone.

PROJECTS INCLUDE:

PROJECT DOROTHY 1A AND 1B – TEXAS (FLAGSHIP SITE)

SLNH has now monetized a groundbreaking 1,286 MWh of curtailed (wasted) energy for its Power Partner at Project Dorothy. This is equivalent to driving an electric car for more than 4.8 million miles (assuming 3 miles per kWh).

Soluna Bolsters Revenue Potential with Purchase of More than 8,250 Machines to Power Project Dorothy 1B!

The 25 MW Project Dorothy 1B is a proprietary mining joint venture between Soluna and Navitas Global. The first 5 buildings, which is approximately 6 MW, were set to be energized by the end of June. The remainder is expected to be completed and energized in the third quarter. The site’s run-rate revenue from mining is approximately $18 million annually.

Once Project Dorothy 1B is operational, the 50 MW Project Dorothy Phase 1 will be fully online with a mix of hosting and proprietary mining.

PROJECT SOPHIE

→On April 6, 2023 Soluna announced a 25 MW hosting contract with a sustainability focused hosting customer.
→Since then, Soluna has deployed miners to the entire site and has been running at full capacity.
→In June, the site achieved one of the highest utilization in its operating history
→The site holds great revenue potential, estimated at $3.21 million on an annualized basis. (As of Earnings Power Illustration June 21, 2023.)
→Hosting diversification – New hosting customers have been signed and deployed at Project Sophie. Three new hosting contracts have been signed and deployed since September.

PROJECT KATIE

→Project Kati continues the development process, completing the first of the three required ERCOT interconnection studies in the planning phase. It has also advanced legal agreements with its power partner.

DIVERSIFYING REVENUE STREAMS

SLNH HAS COMPLETED ITS REGISTRATION FOR ANCILLARY SERVICES TO DIVERSIFY ITS REVENUE STREAMS.

Ancillary Services Adds More Revenue and Lowers Power Cost – Soluna registered for ERCOT’s Demand Response Program establishing the company as a key contributor to intelligent and flexible energy solutions, promoting environmental and economic advantages for Texas.

Soluna will be able to make over $10/MWh in additional revenue to Project Dorothy providing this grid resilience support and potentially reduce its power costs below $20/MWh, making it among the lowest cost players in the industry!

THE AI EDGE…

SLNH has launched Helix, an initiative to design an upgrade to its existing data center to address the needs of AI training workloads.

The company believes the overwhelming unmet demand for power and computing space in the AI field will allow Soluna to transform its super low cost computing infrastructure to meet AI’s exponentially growing needs.

Soluna’s data centers and proprietary MaestroOS software have been designed for this opportunity since inception. As Soluna converts its asset base to be AI-centric, it expects to offer its AI customers purpose-built facilities powered by renewable energy at groundbreaking costs.

SLNH HAS ALREADY ACHIEVED RECORD LOW POWER COSTS PAVING THE WAY FOR AI COMPUTING AT PROJECT DOROTHY!

And bringing on Daniel Golding’s expertise with more than 30 years of experience at companies like Google and Iron Mountain will accelerate Helix!

The continual challenge in AI will be access to power, sustainability, physical space and compute availability. Soluna with its Helix program is on the path to solve this, and Daniel’s expertise will accelerate this mission. He will provide valuable advice to the Management Team and Board of Directors as the company steers the ship to phase two of its strategic business plan.

SLNH expects to add more of the brightest minds in AI, data center development, and renewable energy to its Advisory Board in the coming months.

The transformation of the global economy needed to achieve net-zero emissions by 2050 would be universal and significant.

There’s a good reason why green stocks, or clean energy stocks, are some of the smartest choices for any portfolio going forward. The space is not only helping to preserve the environment and create new industries but also may make electric cars more affordable.

Renewable energy sources such as wind, solar, and hydroelectric power are expected to play a big part in our future. While renewable energy is a big topic, curtailment is a very big problem that is little talked about and one that could create many problems down the road….

By building infrastructure to help renewable energy become a ‘superpower,’ Soluna Holdings, Inc. (NASDAQ: SLNH) has a game-changing solution to curtailment.

THE COMPANY’S SCALABLE DATA CENTERS TURN WASTED ENERGY INTO REVENUE WITHIN 6 MONTHS!

SLNH is also a green data center crypto mining company and despite the headlines buzzing around companies like Marathon Digital and Riot Platforms, SLNH is an undetected player with substantial room for growth.

But to give an idea of just how well the arena is doing, Marathon Digital has gained nearly 400% in 2023 and Riot Platforms is up nearly 200% in the past 12 months!