Soluna Holdings's 15min chart shows Bollinger Bands Narrowing, KDJ Death Cross

Soluna Holdings's 15-minute chart has exhibited Bollinger Bands Narrowing, accompanied by a KDJ Death Cross at 10/10/2025 10:00. This indicates a decrease in the magnitude of stock price fluctuations, a shift in momentum towards the downside, and a potential for further price decline.

KULR Technology Group, Inc. (NYSE American: KULR) has announced a strategic partnership with Soluna Holdings, Inc. (NASDAQ: SLNH) to operate approximately 3.3 MW of Bitcoin mining capacity at Soluna’s Project Sophie facility in Kentucky KULR Technology Group Announces Hosting Partnership with Soluna Holdings for Sustainable Bitcoin Mining Operations^[1]. This collaboration marks a significant milestone as it is Soluna’s first partnership with a Bitcoin treasury-focused company, allowing them to expand their client base beyond traditional Bitcoin miners. The partnership aims to provide sustainable and high-performance computing infrastructure for KULR, which plans to incorporate Bitcoin into its treasury strategy by committing up to 90% of its surplus cash to Bitcoin acquisition KULR Technology Group Announces Hosting Partnership with Soluna Holdings for Sustainable Bitcoin Mining Operations^[1].

The agreement reflects Soluna’s strategy to adapt its renewable-powered hosting model to meet the developing demand profiles of Bitcoin mining and adjacent industries. KULR will leverage Soluna’s operational and market expertise to purchase, service, and manage all activities associated with its fleet of mining hardware over the life of the contract. Through this new “Bitcoin Mining Lease” structure, Soluna will deliver guaranteed hashrate and uptime targets to KULR on a daily and monthly basis KULR Technology Group Announces Hosting Partnership with Soluna Holdings for Sustainable Bitcoin Mining Operations^[1].

The partnership supports KULR’s Bitcoin Treasury Accumulation Strategy, announced earlier this year, in which KULR committed up to 90% of its surplus cash reserves to Bitcoin. This collaboration enables KULR to engage in Bitcoin mining through a renewable, reliable, and operationally efficient framework, thereby diversifying its digital asset strategies KULR Technology Group Announces Hosting Partnership with Soluna Holdings for Sustainable Bitcoin Mining Operations^[1].

The deployment is expected to commence operations in Q4 2025, further strengthening Soluna’s leadership in sustainable computing infrastructure. Potential positives include KULR’s ability to utilize sustainable computing infrastructure while diversifying its digital asset strategies. However, the partnership's performance relies on Soluna delivering guaranteed hashrate and uptime, which introduces dependency on another company's operational success and reliability. Additionally, KULR's commitment to allocating up to 90% of its surplus cash to Bitcoin raises concerns about liquidity and risk exposure in a volatile market, which could threaten financial stability KULR Technology Group Announces Hosting Partnership with Soluna Holdings for Sustainable Bitcoin Mining Operations^[1].

In summary, the partnership between KULR and Soluna represents a significant step towards sustainable Bitcoin mining and digital asset management. However, investors should closely monitor the performance of both companies and assess the potential risks associated with the volatile Bitcoin market.