Shares of Soluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report) traded up 4.8% during trading on Thursday. The stock traded as high as $11.01 and last traded at $11.00. 2,799 shares were traded during trading, a decline of 81% from the average daily volume of 15,028 shares. The stock had previously closed at $10.50.
Soluna Stock Performance
The firm’s 50-day moving average is $11.98 and its 200 day moving average is $10.61.
Soluna Company Profile
Soluna Holdings, Inc, operating under the Soluna brand, develops and operates renewable-energy-powered data centers. The company converts excess electricity from renewable energy projects, including wind and solar facilities, into computing capacity, helping energy producers monetize power that might otherwise be curtailed or go unused.
Soluna’s data centers have historically supported high-performance computing applications, including cryptocurrency mining and other energy-intensive workloads.
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