Soluna Holdings Appoints Michael Picchi as CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
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Soluna Holdings announced it has appointed Michael Picchi as CFO and treasurer, effective April 1, 2026. Picchi will lead Soluna's finance organization and support the company's capital strategy as it scales its behind-the-meter, renewable-powered data center model and expands into Al. David Michaels, a member of Soluna's board of directors, has served as interim CFO and treasurer since August. Michaels will continue in his role as CFO through March 31 and remain on Soluna's board. Picchi most recently served as CFO and chief accounting officer at TECFusions.
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Analyst Views on SLNH
Wall Street analysts forecast SLNH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLNH is 5.00 USD with a low forecast of 5.00 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.270
Low
5.00
Averages
5.00
High
5.00
Current: 1.270
Low
5.00
Averages
5.00
High
5.00
About SLNH
Soluna Holdings, Inc. is a digital infrastructure company specializing in transforming surplus renewable energy into computing resources. It operates modular data centers co-located with wind, solar, and hydroelectric power plants, supporting compute-intensive applications, including bitcoin mining, generative artificial intelligence (AI), and scientific computing. Its segments include Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing (HPC). Its Soluna Cloud Services business provides HPC services to support generative AI workstreams and proprietary software MaestroOS helps to energize a greener grid while delivering computing solutions and superior returns. It offers colocation and hosting services for companies seeking to train large language models (LLMs), fine-tune existing artificial intelligence models, and deploy other compute-intensive AI or HPC workloads. It also provides hosting services to third-party Bitcoin mining customers at its data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Soluna Holdings Appoints CFO Michael Picchi to Drive Renewable Data Center Growth
- Executive Appointment: Soluna Holdings has appointed Michael Picchi as CFO and treasurer effective April 1, 2026, bringing experience from TECFusions where he served as CFO, which is expected to enhance the company's capital strategy supporting the expansion of renewable-powered data centers.
- Transition Plan: David Michaels, who has been serving as interim CFO since August 2025, will continue in this role until March 31, 2026, ensuring financial stability and continuity during the executive transition period.
- Market Reaction: Following the announcement, SLNH shares fell 4.2% in premarket trading to $1.599, indicating market caution regarding the potential impact of the new CFO and the company's future strategy.
- Business Context: Soluna Holdings focuses on renewable energy-driven data center operations, actively expanding its market share in response to growing AI compute demand, with Picchi's appointment seen as a crucial move to strengthen financial management and capital operations.
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Soluna Holdings Appoints New CFO to Drive Renewable Data Center Growth
- Executive Appointment: Soluna Holdings has appointed Michael Picchi as Chief Financial Officer effective April 1, 2026, who will lead the finance organization and support the capital strategy to enhance the company's expansion in renewable-powered data centers.
- Transition Management: David Michaels, who has served as Interim CFO since August 2025, will continue in his role until March 31, 2026, ensuring financial stability and strategic continuity during the executive transition period.
- Extensive Experience: Picchi brings over 30 years of financial management experience, having served as CFO at TECFusions, focusing on sustainable high-density AI infrastructure development, and his background is expected to strongly support Soluna's long-term growth strategy.
- Market Outlook: Picchi expressed excitement about Soluna's model, which effectively utilizes surplus clean energy by co-locating digital infrastructure with renewable generation, anticipating significant growth in the company's market share within the sustainable computing sector.
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