Soluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report)’s share price shot up 3.6% during mid-day trading on Thursday . The company traded as high as $11.00 and last traded at $11.08. 7,266 shares traded hands during trading, a decline of 60% from the average daily volume of 18,029 shares. The stock had previously closed at $10.69.
Soluna Trading Up 3.6%
The firm’s fifty day moving average is $9.73 and its 200-day moving average is $9.38.
Soluna Company Profile
Soluna Holdings, Inc is a renewable energy infrastructure and computing company focused on pairing underutilized clean power sources with high-performance computing applications. Through its proprietary modular data center technology, Soluna develops and operates facilities that can scale computing workloads for blockchain, machine learning, scientific research and other power-intensive tasks. The company’s platform is designed to balance grid stability by drawing on wind and solar resources during periods of surplus generation.
One of Soluna’s flagship initiatives is a development project near Tangier, Morocco, where the company has rights to construct and operate up to 250 megawatts of wind-powered generation capacity alongside its scalable data center modules.
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