other_material
confidence high
sentiment positive
materiality 0.70
Soluna reports Q1 revenue $5.9M, Project Sophie hits record 1.05 EH/s, Dorothy 2 Phase 1 complete
Soluna Holdings, Inc
- Q1 2025 revenue of $5.9M; pipeline exceeds 773 MW across wind, grid, and solar projects.
- Project Dorothy 2 Phase 1 substantially complete; customer deployments ongoing; Phase 2 commissioning due August 2025.
- Project Sophie returned to full capacity with record 1.05 EH/s after customer expansion.
- Signed term sheet for 75 MW solar-powered data center (Project Annie), expanding development pipeline.
- Deployed ~476 next-gen S21+ miners for Blockware partnership at Dorothy 2; ~5 MW expected by June.
item 7.01item 9.01