Soluna Holdings (SLNH) Issues 2022 Update
Tweet
Share
E-mailSoluna Holdings, Inc., (NASDAQ: SLNH) (NASDAQ: SLNHP), the parent company of Soluna Computing, Inc, a developer of green data centers for cryptocurrency mining and other intensive computing, today provided its 2022 earnings power illustration.
Michael Toporek, CEO of Soluna Holdings, stated, “Following a strong 2021, we are pleased to provide our 2022 earnings power illustration to help our investors fully comprehend the strength and potential of our business as our team continues to execute on our growth plan. As you will see in the illustration, even at significantly lower BTC prices, we will generate meaningful revenue and strong contribution margin. We remain fully focused on return on invested capital and are excited about our near-term growth objectives as well as our longer-term strategy beyond crypto.”
2022 Corporate Goals
- Energize 100 MW - Develop and energize over 100 MW of net new data centers in the US. Upgrade existing facilities to maximize Exahash and production output
- Scale 3 EH - Procure, upgrade and deploy mining equipment to increase the company’s combined Hashrate
- Originate 600 MW - Expand development pipeline to add over 600 MW of additional BTM projects in the US and beyond with at least 100 MW outside the US
- Seed 1 MW GPUs - Develop and energize a 1 MW Cryptocurrency facility with 100% GPUs and sign one contracted pilot customer to serve HPC computing loads
Earnings Power Illustration: Various BTC Prices
| (in 000's) | Q1-22 | Q2-22 | Q3-22 | Q4-22 | FY22 | Q1-23 | |
| Scenario 1: BTC is $20,000 | |||||||
| Total Revenue | 6,528 | 7,450 | 12,062 | 20,104 | 46,145 | 25,393 | |
| Contribution Margin (Non-GAAP) | 3,437 | 3,932 | 7,344 | 13,372 | 28,085 | 17,483 | |
| Contribution Margin % | 52.6% | 52.8% | 60.9% | 66.5% | 60.9% | 68.8% | |
| Run-Rate Contribution Margin | 13,747 | 15,728 | 29,377 | 53,487 | - | 69,930 | |
| Scenario 2: BTC is $45,000 | |||||||
| Total Revenue | 10,328 | 14,612 | 22,223 | 35,300 | 82,462 | 42,755 | |
| Contribution Margin (Non-GAAP) | 7,236 | 11,093 | 17,505 | 28,567 | 64,402 | 34,845 | |
| Contribution Margin % | 70.1% | 75.9% | 78.8% | 80.9% | 78.1% | 81.5% | |
| Run-Rate Contribution Margin | 28,945 | 44,374 | 70,022 | 114,268 | - | 139,378 | |
| Scenario 3: BTC is $60,000 | |||||||
| Total Revenue | 12,667 | 19,220 | 29,164 | 46,394 | 107,445 | 56,334 | |
| Contribution Margin (Non-GAAP) | 9,575 | 15,702 | 24,446 | 39,662 | 89,385 | 48,424 | |
| Contribution Margin % | 75.6% | 81.7% | 83.8% | 85.5% | 83.2% | 86.0% | |
| Run-Rate Contribution Margin | 38,301 | 62,808 | 97,785 | 158,647 | - | 193,697 | |
| Combined Gross PH/s | 1,000 | 1,261 | 2,001 | 3,008 | 3,008 | 4,000 |
A presentation and corresponding video is available on the Company’s website at https://www.solunacomputing.com/investors/updates/2022powerillustration/
Create E-mail Alert Related Categories
Corporate News, Guidance, Management CommentsRelated Entities
Twitter, S1, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
