Soluna Holdings Plunges 41.36% Amid Bitcoin Market Decline

On July 16, 2025, Soluna Holdings experienced a significant drop of 41.36% in pre-market trading, marking a substantial decline in its stock value.

Soluna Holdings, Inc. (SLNH) faced a 20% decline in its stock price despite reporting positive business expansion and a promising outlook. The company's shareholder letter and monthly update highlighted growth in its renewable-powered data centers, which are used for Bitcoin mining and AI compute. Soluna also revealed a 2.8 GW development pipeline, expanded partnerships with Compass Mining and Blockware, and the continued rollout at its flagship Project Dorothy 2 site. Additionally, the company announced the upcoming launch of Project Kati. The downward movement in Soluna's stock price occurred amidst a broader decline in the Bitcoin and cryptocurrency market, which had recently reached new all-time highs.