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0.0453074433656957 0.0453074433656957 0.0355987055016181 0.0388349514563106 0.064724919093851 0.00323624595469249 0.0323624595469254 0.0954692556634304
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Soluna Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Soluna Holdings, Inc. (SLNH) 
Company Research Source: Yahoo! Finance
Quarterly Gross Profit Best in 4 years at $4.3 million ALBANY, N.Y., April 02, 2024 BUSINESS WIRE )--Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced financial results for the full year ended December 31, 2023. "We are delighted to announce fourth quarter 2023 results, which were the culmination of 18 months of incredible execution by our operating team. We delivered record revenue and project-level profit, a direct result of the ramping up of our flagship Project Dorothy data center, and the new architecture of our business model aimed at revenue diversification," said John Belizaire, CEO of Soluna Holdings. Fourth Quarter Finance and Operations Highlights: Record Revenue – Revenue ramped to $10.1 million compared to third quarter 2023 revenue of $5.8 million, a 75% increase due to the ramp of Project Dorothy. It was the highest quarter in the past Show less Read more
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