Soluna Holdings, Inc

Analysis for Ticker: SLNH

Soluna Holdings Inc tells the public they are building a green future with wind-powered data centers for Bitcoin mining and artificial intelligence. In reality, the company is a host for a mathematical parasite called a 9,0% cumulative perpetual preferred stock. Imagine a hungry ghost that sits at the dinner table and eats all the food before the family can take a single bite; that ghost never leaves, and if there is not enough food, it demands double the next day. With an accumulated deficit of 353,1$ million, the internal math is a disaster because the company is spending roughly 6,00$ for every 1,00$ it actually earns through its physical operations.