Soluna

Bit Digital, Inc. Announces Fiscal Year 2023 Financial Results

Retrieved on: 
Monday, March 18, 2024
Electricity, Annual report, GPU, Digital, Artificial intelligence, Soluna, Sale, Shareholder, Nvidia, Graphics processing unit, ETH, BTC, Miner, Growth, Sympathy, Treasury, USDC, Mining, Cryptocurrency

Total revenue for fiscal year 2023 was $44.9 million, a 39% increase compared to the prior year.

Key Points: 
  • Total revenue for fiscal year 2023 was $44.9 million, a 39% increase compared to the prior year.
  • The Company paid approximately $0.05 per kilowatt hour to its hosting partners for electricity consumed during fiscal year 2023.
  • The Company earned 287.0 ETH in native staking and 81.9 ETH in liquid staking, respectively, during fiscal year 2023.
  • We announced the launch of a new business line, Bit Digital AI, during the fall of 2023.

California and Kooth Digital Health Launch Soluna California Cycle Tour: A 1,000-Mile Journey for Youth Mental Health Awareness

Retrieved on: 
Wednesday, January 24, 2024
Sports, Family, Consumer, Mental Health, Apps, Applications, Technology, University, Teens, Education, Parenting, Children, Biking, Cycling, Health, Child, Learning, Mental health, City, Athlete, Soluna, Caregiver, DHCS, Motivation, California Department, Tourism

The Soluna California Cycle Tour, an inspiring collaboration with adventure cyclist Ed Hack to increase awareness about youth mental health, is underway in California.

Key Points: 
  • The Soluna California Cycle Tour, an inspiring collaboration with adventure cyclist Ed Hack to increase awareness about youth mental health, is underway in California.
  • Known as a passionate mental health advocate, Ed is cycling across California to help promote Soluna , a free, safe, and confidential mental health app designed specifically for California youth ages 13-25.
  • The State of California announced the launch of its Behavioral Health Virtual Services Platform , a cornerstone of California Governor Gavin Newsom’s Master Plan for Kids’ Mental Health and the Children and Youth Behavioral Health Initiative ( CYBHI ).
  • The California Department of Health Care Services (DHCS) partnered with Kooth Digital Health to develop and launch the Soluna app.

California Launches Free Digital Behavioral Health Platforms for Children and Families

Retrieved on: 
Tuesday, January 16, 2024
Apps, Applications, Technology, Mental Health, Hispanic, Other Health, Other Education, Health, Consumer, Education, Child, Mental health, CQD, Anxiety, Soluna, Disability, Pressure, Self-harm, Caregiver, DHCS, Adolescence, Depression, Birth control

The Department of Health Care Services (DHCS) today launched the Behavioral Health Virtual Services Platform – two free behavioral health services applications for all families with kids, teens, and young adults ages 0-25.

Key Points: 
  • The Department of Health Care Services (DHCS) today launched the Behavioral Health Virtual Services Platform – two free behavioral health services applications for all families with kids, teens, and young adults ages 0-25.
  • The platform is a cornerstone of Governor Gavin Newsom’s Master Plan for Kids’ Mental Health and the Children and Youth Behavioral Health Initiative (CYBHI).
  • “The tools are flexible and free for all California families, regardless of income, health insurance, or immigration status.
  • This platform will help meet the needs of California’s diverse children, youth, and families by expanding access to critical behavioral health supports.

Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
Ethereum, Soluna, ETH, GPU, EBITDA, Acquisition, Treasury, USDC, Growth, Artificial intelligence, Auros, Graphics processing unit, NVIDIA, Digital, Tier 3 (nightclub), BTC, Miner, Electricity, Cryptocurrency, Bookkeeping

The Company earned 403.1 bitcoins during the quarter, a 27% increase from the prior quarter.

Key Points: 
  • The Company earned 403.1 bitcoins during the quarter, a 27% increase from the prior quarter.
  • The Company paid approximately $0.060 per kilowatt hour to its hosting partners for electricity consumed during the quarter.
  • The Company's active hash rate of its bitcoin mining fleet was approximately 1.19 EH/s as of September 30, 2023.
  • Approximately 600 PH/s of miners went offline due to a power utility mandated maintenance outage began on September 26, 2023.

Soluna Achieves Record Low Power Costs Paving the Way for AI Computing at Project Dorothy

Retrieved on: 
Tuesday, October 24, 2023
Hardware, Alternative Energy, Security, Data Management, Green Technology, Energy, Technology, Professional Services, Environment, Artificial Intelligence, Telecommunications, Software, Other Energy, Internet, Utilities, Cryptocurrency, Bitcoin, ERCOT, Economics, Ancillary revenue, Corporation, Wind, Project, Customer, AI, Soluna, Renewable energy

Project Dorothy 1 is now fully operational and our costs are optimized.

Key Points: 
  • Project Dorothy 1 is now fully operational and our costs are optimized.
  • Our technology, data centers and MaestroOS software, is working as planned, and we are poised to take advantage of the exploding AI market.
  • Project Dorothy 2 Plans to include AI - Site layout finalized for an initial phase of the second 50 MW of Project Dorothy.
  • 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 ground breaking costs.

Bit Digital, Inc. Announces New Hosting Location

Retrieved on: 
Wednesday, October 25, 2023
Digital, Miner, Cloud computing, Soluna, Cryptocurrency

NEW YORK, Oct. 25, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York, is pleased to announce that it has finalized an agreement with Soluna Computing, Inc ("Soluna") for 4.4 megawatts of incremental hosting capacity at Project Sophie in Kentucky to power its miners for an initial contract term of twelve months.

Key Points: 
  • NEW YORK, Oct. 25, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable digital infrastructure platform for digital assets and cloud computing services, headquartered in New York, is pleased to announce that it has finalized an agreement with Soluna Computing, Inc ("Soluna") for 4.4 megawatts of incremental hosting capacity at Project Sophie in Kentucky to power its miners for an initial contract term of twelve months.
  • The company will fill the capacity with existing miners from its fleet and expects the miners to be actively hashing by early-November, 2023.
  • Sam Tabar, Bit Digital's CEO, commented: "We are pleased to enter into this agreement and further diversify our hosting portfolio both geographically and across counterparties.
  • We believe this contract is structured in such way to provide us with enhanced operational flexibility through the 'halving' scheduled for 2024."

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

Retrieved on: 
Wednesday, June 14, 2023
Environment, Cryptocurrency, Alternative Energy, Energy, Professional Services, Technology, Green Technology, Digital Cash Management, Digital Assets, Bitcoin, Partnership, Miner, Tax, Mining, Navitas, Security (finance), Annual report, Renewable energy, Soluna

The 25 MW Project Dorothy 1B is a proprietary mining joint venture between Soluna and Navitas Global.

Key Points: 
  • 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, are set to be energized by the end of June.
  • 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.
  • John Belizaire, CEO of Soluna Holdings, commented, “Our team is focused on getting Dorothy phase 1A and 1B fully operational early this summer.

Soluna Secures Navitas Global as Investment Partner at Project Dorothy 1B

Retrieved on: 
Monday, May 15, 2023
Security, Telecommunications, Software, Finance, Networks, Internet, Hardware, Electronic Design Automation, Professional Services, Data Management, Technology, Other Energy, Utilities, Oil, Gas, Coal, Cryptocurrency, Alternative Energy, Energy, Nuclear, Bitcoin, Partnership, Navitas, Security (finance), Annual report, Soluna, Project

The proprietary-mining focused joint venture brings Navitas into Project Dorothy 1B as an investor and equity partner.

Key Points: 
  • The proprietary-mining focused joint venture brings Navitas into Project Dorothy 1B as an investor and equity partner.
  • Navitas will provide investment capital for the final stages of the infrastructure build out of Project Dorothy 1B and 25 MW of Bitcoin miners in exchange for 49% equity in Project Dorothy 1B.
  • Soluna will provide operations and maintenance expertise and will remain an owner of 51% of Project Dorothy 1B.
  • John Belizaire, CEO of Soluna Holdings, commented, “Navitas is a strong partner for Soluna now and long-term.

Soluna Announces Resignation of Chief Financial Officer

Retrieved on: 
Wednesday, April 12, 2023
Software, Internet, Hardware, Electronic Design Automation, Sustainability, Alternative Energy, Energy, Technology, Artificial Intelligence, Environment, Security, Green Technology, Bitcoin, AIN, Lead, Compensation, Economic Research Institute for ASEAN and East Asia, Audit committee, Treasury, Committee, CFO, Security (finance), Annual report, American Institute, NYSE, Cryptocurrency, Management, Soluna

Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that it has accepted the resignation of its Chief Financial Officer, Philip Patman Jr., effective April 21, 2023.

Key Points: 
  • Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that it has accepted the resignation of its Chief Financial Officer, Philip Patman Jr., effective April 21, 2023.
  • Michael Toporek, CEO of Soluna Holdings, stated, “On behalf of Soluna, we want to thank Philip for his contributions to the team, including his leadership of Soluna's finance team.
  • Mr. Michaels is also a member of the Governance, Compensation & Nominating Committee and served as Board Chairman and Lead Independent Director at Soluna.
  • Mr. Patman’s resignation is not the result of any dispute or disagreement with the Company including any matters relating to the Company’s practices, policies, accounting practices, or financial reporting.

Spring Lane Increases Project Dorothy Stake in Exchange for a Total of $7.5 Million

Retrieved on: 
Wednesday, March 15, 2023
Hardware, Electronic Design Automation, Alternative Energy, Security, Data Management, Energy, Sustainability, Technology, Environment, Other Technology, Telecommunications, Software, Networks, Other Energy, Internet, Bitcoin, Dorothy, Partnership, IRR, Annual report, Investment, SLC, Security (finance), Cryptocurrency, Renewable energy, Soluna

On February 10, 2023, $1.2 million of the capital was funded and used for operations and construction.

Key Points: 
  • On February 10, 2023, $1.2 million of the capital was funded and used for operations and construction.
  • The remaining capital will be used to help complete the substation interconnection and the final stages of Project Dorothy, Soluna’s flagship project in West Texas, and corporate operations of Soluna.
  • SLC has been a strategic partner for Soluna at the project and corporate levels of the business since 2022.
  • This additional investment implies a total approximate estimated value of $30 million for Project Dorothy.