Soluna Holdings, Inc.
SLNHFinancial ServicesNASDAQCapital Markets
Scan Results
Daily timeframeSoluna Holdings, Inc., together with its subsidiaries, engages in the mining of cryptocurrency through data centres. With a market capitalization of $260.3M, it sits in micro-cap territory. It operates through three segments, Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services.
Market Cap
$260.3M
Beta
5.17
P/E (TTM)
—
P/E (Fwd)
-3.59
EPS (TTM)
$-1.41
EPS (Fwd)
$-0.46
ROE
-95.6%
ROA
-19.2%
Cash
$68.6M
Total Debt
$28.0M
Free CF
-$34.6M
52W Change
170.5%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $68.6M in cash comfortably exceeding the $28.0M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Free cash flow is running at -$34.6M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -95.6% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has been relatively flat, moving from $28.5M (2022) to $29.7M (2025).
Soluna Holdings, Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. With cash comfortably exceeding debt, SLNH has financial flexibility that may help navigate uncertain periods. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing SLNH.