Soluna Holdings Inc Preferred Series A (SLNHP)

Edward R. Hirshfield, a director at Soluna Holdings, Inc. (SLNH), sold 9,007 shares of the company's 9.0% Series A Cumulative Perpetual Preferred Stock on August 17, 2026, for an average price of $12.34 per share. This transaction leaves him with zero directly owned shares of this specific security. The sale, reported via a Form 4 filing, involved multiple lots at prices ranging from $12.23 to $12.45 per share.

Soluna Holdings, Inc. announced its financial results for the second quarter ended June 30, 2026, reporting a 145% year-over-year revenue growth to $15.1 million, marking its fifth consecutive quarter of sequential revenue increase. The company expanded its development pipeline to approximately 6.3 gigawatts, significantly growing its AI project capacity, and completed vertical integration at Project Dorothy 1. Soluna also formed a joint venture with Metrobloks for Project Kati 2 and appointed Ryan Carver as Chief Development Officer to lead hyperscale AI delivery.

Soluna Holdings reported a 145% year-over-year revenue increase in Q2 2026, reaching $15.06 million, driven by an accounting change and its strategic pivot from Bitcoin mining to AI infrastructure. Despite this growth and progress on AI data center development, the company's shares fell due to widening net losses, compressed gross profits, and increasing operational costs, indicating investor caution about its path to profitability. Soluna is focusing on leveraging its 6.3-gigawatt renewable power pipeline to develop AI/HPC facilities, with key projects like Kati 2 and Dorothy 3 advancing, while addressing challenges related to capital-intensive growth and regulatory scrutiny in Texas.

Soluna Holdings' Compensation Committee has approved a $600,000 annual base salary for CEO John Belizaire and set a target bonus equal to 100% of that amount, effective January 1, 2026. This could bring his total compensation to $1.2 million before other benefits, with the bonus depending on performance against undisclosed goals. The decision follows input from a compensation consultant and positive Q1 revenue growth reported by Soluna.

This article provides an overview of Soluna Holdings Inc (SLNH) stock, focusing on its dividend and stock split history. It notes that the company has not distributed any dividends over the past five years. However, it details multiple 25-to-1 merger-related stock splits that occurred on October 12, 2023.