Soluna Holdings Soars on Bitcoin Mining Deals, $100M Lifeline, and Nasdaq Comeback
Soluna Holdings shares jumped 23% to $2.79 on Oct. 14, regaining Nasdaq compliance after 10 days above $1. The company secured a $100 million credit facility from Generate Capital and settled all disputes with NYDIG. Soluna also announced new Bitcoin mining partnerships and neared completion of its Project Dorothy 2 data center. Q2 revenue fell 36% to $6.2 million, with a net loss of $0.69 per share.
