Soluna Holdings, Inc. recently signed a significant agreement with Hewlett Packard Enterprise Company for data center and cloud services, utilizing Nvidia GPUs. The deal, valued at $34.0 million over 36 months, will bring in substantial revenue for Soluna. In other news, the company reported positive first-quarter results, secured a power purchase agreement in Texas, and entered a strategic collaboration for its AI business. However, Soluna’s financial health shows areas of concern, with negative ratios and operating margin. Investors are advised to proceed with caution due to potential liquidity risks and overbought territory. For further analysis, InvestingPro offers insights with a promotional code for a subscription discount.
Article Source
https://www.investing.com/news/company-news/soluna-holdings-secures-34m-cloud-services-deal-with-hpe-93CH-3493482
