8-K
Soluna Holdings, Inc (SLNH)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Dateof Report (Date of earliest event reported): March 10, 2026
SOLUNA
HOLDINGS, INC.
(Exactname of Registrant as Specified in Its Charter)
| Nevada | 001-40261 | 14-1462255 |
|---|---|---|
| (State or Other Jurisdiction<br><br> <br>of Incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
| 325 Washington Avenue Extension | ||
| --- | --- | |
| Albany, New York | 12205 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’sTelephone Number, Including Area Code: (516) 216-9257
N/A
(FormerName or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications<br> pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant<br> to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications<br> pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications<br> pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common stock, par value<br> $0.001 per share | SLNH | The Nasdaq Stock Market<br> LLC |
| 9.0% Series A Cumulative<br> Perpetual Preferred Stock, par value $0.001 per share | SLNHP | The Nasdaq Stock Market<br> LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item7.01 Regulation FD Disclosure.
On March 10, 2026, Soluna Holdings, Inc. (the “Company”) issued a press release containing certain previously unreported corporate and operational information which the Company publishes regularly to its website. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Theinformation in Item 7.01 and in Exhibit 99.1 will not be treated as “filed” for the purposes of Section 18 of the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This informationwill not be incorporated by reference into any filing under the Securities Act of 1933 or into another filing under the Exchange Act,unless that filing expressly incorporates this information by reference.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 | Press Release, dated March 10, 2026 |
|---|---|
| 104 | Cover Page Interactive Date File (embedded with the<br> Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SOLUNA HOLDINGS, INC. | ||
|---|---|---|
| Date: March 10, 2026 | By: | /s/ David C. Michaels |
| David C. Michaels | ||
| Chief Financial Officer | ||
| (principal financial officer) |
Exhibit99.1
SolunaAnnounces Monthly Business Update
ALBANY, NY, March 10, 2026 – Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced its February 2026 project site-level operations, developments, and updates.
The Company has provided the following Corporate and Site Updates.
KeyCompany Metrics:
The monthly metrics are now available here.
| Metric | Hosted Hashrate (1), (2) | Self-Mining Hashrate (1), (3) | BTC Mined <br>(3) | Wasted Energy Used <br>(4) | ||||
|---|---|---|---|---|---|---|---|---|
| For the month ended: | Avg Monthly PH/s: | Avg Monthly Ph/s: | Monthly BTC Mined: | MWh Consumed Monthly: | ||||
| February 2026 | 3,883 | 760 | 9.5 | N/A | ||||
| January 2026 | 3,590 | 708 | 9.2 | 18,351 | ||||
| December 2025 | 3,677 | 736 | 9.3 | 25,503 | ||||
| November 2025 | 3,863 | 757 | 9.0 | 13,794 | ||||
| October 2025 | 3,390 | 737 | 9.2 | 10,110 | ||||
| September 2025 | 2,950 | 658 | 8.7 | 962 | ||||
| August 2025 | 2,752 | 508 | 7.4 | 592 | ||||
| July 2025 | 2,059 | 542 | 8.5 | 305 | ||||
| June 2025 | 1,950 | 592 | 8.6 | 3,591 | ||||
| May 2025 | 1,839 | 634 | 10 | 6,885 | ||||
| April 2025 | 1,727 | 664 | 10 | 13,043 | ||||
| March 2025 | 1,676 | 731 | 12 | 14,315 | ||||
| February 2025 | 1,445 | 701 | 10 | 5,589 | ||||
| January 2025 | 1,285 | 622 | 10 | 5,060 |
Notes:
(1) Nameplate hash rate in February 2026 was 3,883 PH/s and 760 PH/s for hosted and self-mining hash rate, respectively.
(2) Project Sophie is contractually run at an 83% capacity factor under its PPA. In calculating our average, we have adjusted the hash rate to exclude hours when we are not permitted to run.
(3) Proprietary mining only.
(4) There is a 1-month lag on this statistic due to data collection requirements.
CorporateHighlights:
| ● | Soluna<br> Expands Partnership with Blockware, Adding 6MW at Project Dorothy 1 |
|---|---|
| ● | Soluna<br> publishes a new blog post, “The AI Energy Wall and the End of Invisible Infrastructure.” |
| ● | CEO<br> John Belizaire featured in Data Center Knowledge discussing stranded renewables,<br> AI data centers, and the evolving power grid. |
| ● | CEO<br> John Belizaire examines the shift from the Internet era to AI infrastructure in the latest<br> episode of Soluna’s podcast, Clean Integration. |
KeyProject Updates:
ProjectDorothy 1A (25 MW, Bitcoin Hosting) / Project Dorothy 1B (25 MW, Bitcoin Prop-Mining):
| ● | Customer<br> deployments were ongoing at D1A for a 20 MW fleet upgrade, Blockware completed their 6 MW<br> expansion, and the balance of miners had been received to complete Canaan’s 11 MW deployment,<br> returning the site to full capacity. |
|---|---|
| ● | Operations<br> remained strong at D1B for the month, with minimal curtailment. |
ProjectDorothy 2 (48 MW, Bitcoin Hosting):
| ● | Operations<br> remained strong for the month, with all customers at full capacity and minimal curtailment. |
|---|
ProjectSophie (25 MW, Bitcoin Hosting):
| ● | Operations<br> remained strong for the month, with all customers at full capacity. |
|---|
ProjectKati 1 (83 MW Under Construction, Bitcoin Hosting):
| ● | Substantial<br> completion of the first phase of K1A Galaxy (24 MW) has been achieved, and the facility has<br> been fully commissioned, transitioning to steady-state operations. |
|---|---|
| ● | K1A<br> Galaxy: Phase 2 (12 MW) and Phase 3 (12 MW) are on track for completion in March, both ahead<br> of schedule. |
| ● | Construction<br> of K1B (35 MW, Soluna MDCs / Cormint Containers): continues to progress, with Cormint containers<br> having completed production and due to arrive at the site by the end of March. Upon arrival,<br> installation and commissioning will proceed for the first phase of K1B (12 MW). |
| --- | --- |
| ● | Hiring<br> efforts continue in alignment with the commissioning plan to support the transition to operations<br> with tremendous community engagement. |
ProjectKati 2 (Under Development, AI/HPC Hosting):
| ● | The<br> initial Design-Build RFP process helped inform the Company’s next steps, and the Company<br> is now refining its procurement strategy to advance Phase 1 (100MW critical IT capacity)<br> efficiently. A new RFP for design services is expected to be issued next week to advance<br> Phase 1 to 30% schematic design, deepen technical materials for customers, and allow additional<br> time to select the appropriate general contractor. |
|---|---|
| ● | Phase<br> 1 design is advancing to the 30% schematic level, tailored to each prospect’s Basis<br> of Design requirements and the rapidly evolving AI and GPU market. This process is intended<br> to preserve scalability and support future technology needs. |
| ● | The<br> Company is in active discussions with an expanding group of prospects interested in 350 MW<br> of Critical IT capacity, with negotiations underway on Master Service Agreements and financing<br> terms. |
| ● | Procurement<br> of long-lead power-related equipment has begun for the site. |
ProjectGrace (2 MW Under Development, AI/HPC Hosting):
| ● | Talking<br> to OEM partners about collaboration and testing data. |
|---|
PipelineHighlights:
| ● | Finalizing<br> Power Purchase Agreements (PPAs) and Retail Electric Provider (REP) agreements for Project<br> Rosa, with Ellen and Hedy agreements now finalized and pending execution. |
|---|---|
| ● | Advancing<br> land due diligence activities under executed Purchase and Sale Agreements (PSAs) for the<br> Projects Annie, Ellen, Hedy, and Rosa. |
| ● | Project<br> Annie remains in the Transmission/Distribution Service Provider (TDSP) planning queue and<br> is progressing outside of the ERCOT Large Flexible Load process. |
| ● | Continuing<br> to advance partnership opportunities and evaluate potential assets with multiple Independent<br> Power Producers (IPPs) across the U.S. Independent System Operators (ISOs). |
| ● | Initiated<br> active efforts to identify additional land to support the planned Dorothy expansion. |
CustomerSuccess:
| ● | Completed<br> Blockware 6 MW expansion. |
|---|
View Soluna’s recent AMA here.
Soluna’s updated glossary of terms is available here.
SafeHarbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business and our expectations with respect to Project Dorothy 1A’s 20MW Canaan deployment, and the construction of Project Kati 1, and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar statements. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of our Annual Report on Form 10-K filed with the SEC on March 31, 2025. All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.
AboutSoluna Holdings, Inc. (Nasdaq: SLNH)
Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit solunacomputing.com and follow us on:
LinkedIn: https://www.linkedin.com/company/solunaholdings/
X (formerly Twitter): x.com/solunaholdings
YouTube: youtube.com/c/solunacomputing
Newsletter: bit.ly/solunasubscribe
Resource Center: solunacomputing.com/resources
Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly.
ContactInformation
Public Relations
West of Fairfax for Soluna
Soluna@westof.co