Water Tower Research Publishes Initiation of Coverage Report on Soluna Holdings, Inc. Titled “A Low-Cost Green Powered Data Center Operator with Multiple Paths to Grow”
November 9, 2022, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Soluna Holdings, Inc. titled, “A Low-Cost Green Powered Data Center Operator with Multiple Paths to Grow”. The report can be accessed here.
Soluna is a leading provider of low-cost renewable energy powered data centers. By bringing power demand to where electricity is generated, Soluna can purchase curtailed power that would have otherwise gone unsold. This also helps to further the growth of renewable energy generation on the grid as it can improve project economics and make more renewable projects economically viable. Moreover, the company’s data centers can easily ramp down their power use to help balance the grid in times of extreme power demand.
The company is on the cusp of a major jump in its profitability and size with the start-up of its delayed flagship project Dorothy. Low energy costs and renewable power sources give the company a competitive advantage to grow the profitably of its cryptocurrency mining and expand its customer base into batchable, high-performance cloud computing.