SLNH News & Events

Soluna announced the acquisition of the remaining equity interest in Project Dorothy 1B from Navitas Global, for approximately $8.8M. The transaction gives Soluna complete equity ownership of D1B, located in Silverton, Texas, and marks the next step in the Company's consolidation of equity ownership across the Dorothy campus, following the $53M acquisition of the Briscoe Wind Farm and the $16.5M acquisition of Project Dorothy 1A earlier this year.

Bitcoin Depot's kiosk empire is in bankruptcy court, Strategy just bought nearly 25,000 bitcoin into a falling market, and more than half a billion dollars in liquidations drove bitcoin to a two-week low amid Iran tensions. Galaxy Digital cleared the NYDFS's highest regulatory bar, Bitmine disclosed a $12.6B ether-heavy treasury, and a Reuters investigation surfaced uncomfortable infrastructure overlaps between Iran's top exchange and Trump's crypto venture. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.BITCOIN DEPOT COLLAPSE:Bitcoin Depotfiled voluntary Chapter 11 bankruptcy in the Southern District of Texas and immediately shut down its entire kiosk network, asin a press release. The company also issued WARN Act notices to all employees, and a court-supervised sale of assets is now underway. The collapse was driven by state-level compliance costs, proliferating transaction limits, and outright bans on bitcoin ATMs in several jurisdictions,. Bitcoin Depot's wind-down marks the most visible failure yet of the physical crypto retail distribution model, a business that thrived on unbanked consumers but proved unable to absorb the sustained weight of fragmented, state-by-state regulation.STRATEGY DOUBLES DOWN:Strategyraised $2.03B between May 11-May 17, $1.95B via STRC preferred shares and $83.7M through its at-the-market common stock program, then deployed the proceeds to purchase 24,869 bitcoinat an average price of $80,985 per coin,. The company's total holdings now stand at 843,738 bitcoin. The timing is notable: Strategy was buying into a declining market as bitcoin fell to multi-week lows during the same period. The purchase adds a roughly $2B demand signal to a tape already under macro pressure, and reinforces management's stated policy of treating every liquidity event as a bitcoin acquisition opportunity regardless of near-term price action.REGULATORY AND COMPLIANCE:Galaxy Digitalreceived both a BitLicense and a Money Transmission License from the New York State Department of Financial Services for its GalaxyOne Prime NY entity,. The dual authorization allows Galaxy to offer regulated digital asset trading, custody, and financial services to institutional clients across New York State.A separaterevealed that Iran's Nobitex exchange processed more than $2.3B via Tronand BNB Chainnetworks that also intersect with the infrastructure underlying Trump's World Liberty Financialcrypto venture. The report raises compliance exposure questions across the broader industry given the shared infrastructure overlap between a sanctioned exchange and a high-profile U.S. crypto project.Adding an unusual dimension to the Iran angle,that Iran launched a bitcoin-backed shipping insurance program for the Hormuz Strait, a state-level adoption move that simultaneously functions as a sanctions workaround and adds novel sovereign demand context to the market backdrop.TREASURY AND INFRASTRUCTURE MOVES:Bitmine Immersion Technologiesholds total crypto and cash assets of $12.6B, anchored by 5,278,462 etherrepresenting 4.37% of total ETH supply, valued at approximately $11.6B at $2,191 per coin, alongside 202 bitcoin, $685M in cash, and minority stakes in Beast Industries and Eightco Holdings,. Annualized staking revenues are now running at $289M.Soluna Holdingsposted Q1 revenue growth of 58% vs. last year, marking a fourth consecutive sequential quarterly increase, driven by the early completion of the Kati 1A facility and advancement of the Kati 2 AI joint venture,. Net loss for the quarter came in at $17.9M, approximately $1M wider sequentially, though adjusted EBITDA loss improved vs. the prior quarter. BTQ Technologiesconfirmed commercial-grade readiness of its QSSN quantum-secure stablecoin settlement infrastructure in South Korea, and separately completed what it believes is the first production-grade BIP 360 bitcoin quantum-safety implementation, with a shareholder call scheduled for May 19,. The company's cash balance stood at C$12.1M.PRICE ACTION:As of time of writing, bitcoin was trading at $76,261.10, while ether was trading at $2,103.23,.

Stock futures have been bouncing between slightly lower and higher as surging oil prices, rising bond yields and renewed geopolitical tension in the Middle East weigh on the AI-driven rally that has dominated the year so far.The 30-year Treasury yield climbed above 5.15%, its highest level since before the 2008 financial crisis, while the 10-year Treasury yield rose toward 4.65%. Investors are increasingly worried that inflation is becoming entrenched due to energy prices, persistent fiscal deficits and resilient economic demand. Markets are now pricing in a meaningful possibility that the Federal Reserve could raise rates again later this year instead of cutting them.Brent crude traded above $110 a barrel after fresh drone attacks reportedly struck infrastructure tied to a UAE nuclear facility, intensifying fears about broader disruption in the Strait of Hormuz. Traders are increasingly concerned about the risk of sustained supply constraints at a time when global inventories are already tight.Semiconductor and mega-cap tech stocks remain the market's leadership group, but investors are becoming more sensitive to valuations as borrowing costs rise. Analysts are increasingly debating whether AI enthusiasm has become excessive, particularly given the massive capital spending required to sustain the boom. Investors are closely watching results from Nvidia for insight into AI infrastructure demand, while reports from Walmart and Home Depot will offer a read on the health of the consumer amid rising gasoline and borrowing costs.In pre-market trading, S&P 500 futures rose 0.25%, Nasdaq futures gained 0.55% and Dow futures advanced 0.12%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -LiveRampup 27% after Publicisentered into an agreement to acquire the company for a total enterprise value of $2.2BDominionup 14% after NextEra Energy and the company announced that they have entered into a definitive agreement to combine in an all-stock transactionBio-Rad Laboratoriesup 8% after The Wall Street Journalactivist investor Elliot Investment Management has built a big stake in the companyFordup 6% after the company and EDF Group announced the signing of a five-year framework agreement under which EDF power solutions will have the ability to procure up to four gigawatt hours of DC Block battery energy storage systems annually, representing a total potential volume of up to 20 GWh over the term of the agreementMacy'sand Delta Air Linesup 3% and 2%, respectively, after Berkshire Hathaway disclosed new positions in the companiesUP AFTER EARNINGS -Baiduup 5%Bradyup 5%DOWN AFTER EARNINGS -Gossamer Biodown 16%Pioneer Powerdown 7%iQiyidown 2%Soluna Holdingsdown 2%LOWER -Regenerondown 11% after reporting its fianlimab trial did not meet the primary endpointNextEra Energydown 1% after the company and Dominionannounced that they have entered into a definitive agreement to combine in an all-stock transaction