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Rosenblatt says Soluna's Dorothy 3 deal with Applied Digital pays less than it modeled, but it shrinks Soluna's equity check to about $62 million and should not require new share…

Soluna’s partnership with Applied Digital marks a major step in its AI data center ambitions, but can it revive SLNH stock?

It's teaming up with a peer to develop an AI data center in Texas.
Shares of digital infrastructure provider Applied Digital (NASDAQ:APLD) jumped 6.7% in the afternoon session after the company agreed with Soluna Holdings to form a joint venture to build a 50-megawatt AI data center in Texas.
Soluna Holdings is partnering with Applied Digital to develop a 50 MW AI data center at its Dorothy 3 campus near Silverton, Texas, supported by Soluna's 150 MW Briscoe wind…
Applied Digital will own 51% of the Dorothy 3 joint venture, and its majority-owned neocloud ChronoScale has signed a non-binding letter of intent to lease the site. It is Soluna's…

Investing.com -- Shares of Applied Digital (NASDAQ: APLD) advanced 3% on Wednesday following a dual tailwind: a newly announced joint venture with Soluna Holdings (NASDAQ: SLNH) for a Texas-based AI data center, and a reinstated "Buy" rating from Roth/MKM.
Soluna Holdings, Inc. (Nasdaq: SLNH) ("Soluna"), a developer of green data centers for intensive computing applications including artificial intelligence ("AI"), today announced that it has entered into a definitive agreement (the "Transaction Agreement") to form a jointly owned company (the "Project Company") with Applied Digital Corporation (NASDAQ: APLD) ("Applied") to develop a planned 50 MW critical IT data center for AI and HPC (the "Project") at Project Dorothy 3, Soluna's development sit

The $4 target implies about 257% upside from the price cited in the note, but securing an anchor tenant and financing the data-center buildout remain key steps.

Rosenblatt analyst Chris Brendler initiates coverage on Soluna Holdings (NASDAQ:SLNH) with a Buy rating and announces Price Target of $4.


Soluna Holdings (NASDAQ:SLNH) released second-quarter financial results and hosted an earnings call on Thursday. Read the complete transcript below. Benzinga APIs provide real-time access to earnings call transcripts

