Soluna Holdings Closes $14 Million Deal For Crypto Mining Data-Center
Author: Anthony BrooksWith the approval of this deal, Soluna is set to become cash flow positive during the second half of 2023. This comes as a stark contrast to the crypto market crash in 2018, which had caused a shortage of capital for crypto miners. Following this, crypto mining has seen a major resurgence in 2021 as the prices of Bitcoin and other digital assets experienced a monumental rise.
With this development, Soluna's stocks had risen by 12% on Monday, falling 22% compared to other crypto mining firms and Bitcoin prices. The crypto mining market is becoming one of the most profitable sectors within the financial and tech industry.
As investors seek to capitalize on the high value of Bitcoin and other digital assets, companies such as Soluna can be expected to benefit heavily. Soluna's current investment deal stands to bolster their stock significantly, as their company moves towards cash-flow positive status. If all goes as planned, it is safe to say that Soluna Holdings could be the next big jump in the crypto mining data-center market.