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Soluna logo

Soluna

SLNH
$1.18
+1%since Benson's first pick

Market price data through August 21, 2026.

Performance

Aug 2021Aug 2026

Benson's first pick
$0$149$299$448Aug 2021Nov 2022Feb 2024May 2025Aug 2026Benson picked · $1.30
Model signal
Buy
What Benson's model currently says about this stock.
Benson rating
3.5 / 5
Benson's overall conviction in this stock right now.
Risk
High risk
How bumpy the ride tends to be with this stock.

Track record

How this pick has done since Benson first called it.

Benson Return
+1%
How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
First pick price
~$1
Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
Tracking since
July 2026
The month this stock first became a Benson pick.
Tracking duration
1 month
How long Benson has been tracking this pick.

About Soluna

Soluna builds green data centers right next to wind and solar farms, using the extra electricity those farms would otherwise waste. Think of it like setting up a computer warehouse beside a power plant to soak up cheap, leftover power. That energy runs Bitcoin mining today and, increasingly, artificial intelligence computing rented out to other companies.

The case for and against

Both sides of the story, in plain English.

Bull case
  • Revenue Rocket

    Revenue hit 15.1 million dollars in the latest quarter, up 145 percent from a year ago and 60 percent from the prior quarter. That is the fifth quarter in a row of growth. The company now owns both the power plant and the computers at its flagship Texas campus after buying the 150 megawatt Briscoe wind farm for 53 million dollars.

  • AI Land Grab

    Soluna's development pipeline expanded to about 6.3 gigawatts, and it added 583 megawatts of new sites aimed specifically at artificial intelligence work. A new partnership gives one project a path from 100 megawatts up to 350 megawatts. The company ended the quarter with 113.4 million dollars in cash to fund the build.

Bear case
  • Deep Losses

    Soluna lost 22.6 million dollars in the quarter, worse than the 17.9 million dollars it lost the quarter before. Gross profit was just 766 thousand dollars on 15.1 million dollars of revenue, squeezed by maintenance costs and new equipment coming online before it earns much. Growing fast is not the same as making money.

  • Share Flood

    Share count ballooned from about 103 million at the end of last year to roughly 245 million now, meaning existing owners were heavily diluted in a matter of months. The company raised another 23.6 million dollars right after the quarter closed. Part of its revenue still swings with Bitcoin prices, and the stock moves violently in both directions.

How to read this page

This automated research summary uses Financial Modeling Prep market data through 2026-08-21. Model signals, scores, and risk labels can change and may be incomplete or wrong.

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