Soluna Holdings Inc. has reported its Q1-25 results, highlighting a revenue of $5.9 million. The company is advancing its development pipeline with 220 MW of new projects. Soluna also announced the signing of a term sheet for its first solar-powered data center, Project Annie, which involves a 75 MW capacity. This development contributes to the company's growing pipeline that now surpasses 773 MW across various energy sources including wind, grid, and solar-powered computing projects. In addition to financial results, Soluna shared updates on its key projects. Project Dorothy 2 has achieved substantial completion of Phase 1, with ongoing customer deployments. The commissioning of Phase 2 is expected soon and is on track to be completed by August. Furthermore, Project Sophie has returned to full capacity, reaching a record 1.05 EH/s after the expansion of an existing customer. These developments reflect Soluna's continued focus on expanding its green data center operations and meeting market demand for intensive computing applications.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.