ALBANY, N.Y., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Soluna Holdings, Inc. (NASDAQ:SLNH), based in Albany, NY, a developer of green data centers for Bitcoin mining and other intensive computing applications, today announced that John Belizaire, CEO of Soluna Holdings, Inc., will present live at the Hybrid US Climate Investor Conference, presented by Water Tower Research at OTC Markets Group offices, on Thursday, December 7, 2023. The presentations will also be streamed live at VirtualInvestorConferences.com.

DATE: December 7, 2023

TIME: 1:55 PM EDT

LINK: https://bit.ly/46Sd9Rp

This will be a live, interactive online event where investors are invited to ask the company questions in real time. If you would like to attend in-person, please email conferences@watertowerresearch.com for a free attendee pass. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

Substantial cash balance - The unrestricted cash balance as of September 30, 2023, was $5.6 million compared to $1.1 million as of December 31, 2022. This is driven by new project-level investments, operational execution, and expense management measures implemented in the first half of the year.
Revenue Ramp - Revenue in the third quarter increased by 176% to $5.8 million compared to $2.1 million in the second quarter of 2023. The revenue increase is driven by the continued ramp in the Project Dorothy sites, including hosting and proprietary mining.
AI initiative - The Company launched a new initiative focused on a new data center purpose-built for AI training workloads. The new design, code-named "Helix", will be part of Project Dorothy 2; due to start in the first quarter of 2024. The Company also formed a new Advisory Board to accelerate the Company's AI initiatives and tapped Daniel Golding, a former head of advanced engineering and data center innovation at Google.

About Soluna Holdings, Inc (SLNH)

Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna's data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.'

About Water Tower Research, LLC

Water Tower Research is modernizing Investor Relations through research-driven communications and Investor Engagement. Sound investment research begins with good information. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor relations platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies take control of their IR program and proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients' businesses, industries, and the investment opportunities they present.

About Virtual Investor Conferences^®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

CONTACTS:

Soluna Holdings, Inc.

Sam Sova

Founder and CEO

SOVA

Sam@teamsova.biz

Virtual Investor Conferences

John M. Viglotti

SVP Corporate Services, Investor Access

OTC Markets Group

(212) 220-2221

johnv@otcmarkets.com

Water Tower Research

Tim Regan

Head of Business Development

(978) 505-2478

conferences@watertowerresearch.com