Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Water Tower Research Publishes Initiation of Coverage Report on Soluna Holdings, Inc., “Growing at the Intersection of Green and AI with Renewable Computing”

February 11, 2024, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Soluna Holdings, Inc. (NASDAQ: SLNH) titled, “Growing at the Intersection of Green and AI with Renewable Computing”. The report can be accessed here.

Soluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high- performance computing applications including Bitcoin mining, generative AI, and other compute-intensive applications. Maestro OS™, its proprietary software, helps energize a greener grid, while delivering cost-effective and sustainable computing solutions, and superior returns.

As all forms of renewable energy are growing faster than ever, Soluna is at the intersection of AI computing needs and renewable energy—renewable computing. About 30-40% of produced renewable energy is unused.

Soluna has historically focused on Bitcoin mining, but it is now adding AI/HPC computing. The company now has more than 2,600 MW of energy for data center projects in its pipeline. Soluna’s addressable market, which is both substantial and growing, is currently ~$70 billion and is expected to grow at a 15-20% CAGR for the next decade to ~$250 billion.

Soluna’s comparables include crypto mining, power generation, and data center companies of similar sizes. The comparables have a median P/S of 6.8x, with Soluna trading at a significant discount of 0.4x, which is a 95% discount.

About Water Tower Research

Water Tower Research is modernizing investor engagement through research-driven communications. Sound investment research begins with good information. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor relations platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies take control of their IR program and proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients’ businesses, industries, and the investment opportunities they present.

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