:format(webp)/s3.amazonaws.com/arc-authors/coindesk/bb309bb1-0ea7-48d7-92ee-204c267878d0.png)
The company said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed.
The company said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed.
The filing is expected to become effective after the SEC completes its review process, subject to market and other conditions.
The filing is expected to become effective after the SEC completes its review process, subject to market and other conditions.
The facility could accommodate up to 4 EH/s of mining power.
The facility could accommodate up to 4 EH/s of mining power.
The miner is still assessing other opportunities to expand its capacity to as much as 8 EH/s by the end of the year.
The miner is still assessing other opportunities to expand its capacity to as much as 8 EH/s by the end of the year.
Those miners with larger operations and lower costs are winning favor with investors amid volatile market conditions.
Those miners with larger operations and lower costs are winning favor with investors amid volatile market conditions.
The miner said it has also received overtures about potential M&A deals as some other miners struggle to finance their growth.
The miner said it has also received overtures about potential M&A deals as some other miners struggle to finance their growth.
Despite the shortfalls, the bitcoin miner's shares were up in after-hours trading.
Despite the shortfalls, the bitcoin miner's shares were up in after-hours trading.
The money brings Soluna’s total funding for data centers co-located with renewable energy assets to $100 million.
The money brings Soluna’s total funding for data centers co-located with renewable energy assets to $100 million.
The miner’s adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago.
The miner’s adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago.