Soluna revenue jumps 58% as hosting business offsets weaker Bitcoin mining
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Soluna Holdings reported a 58% revenue increase to $9.4 million in Q1, driven by data center operations, despite a decline in cryptocurrency mining revenue to $2.2 million. The company faced a net loss of $17.9 million, attributed to rising costs. Soluna is expanding into AI and high-performance computing as Bitcoin mining margins tighten, with analysts noting a shift among miners towards AI infrastructure for future revenue.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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