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ALBANY, N.Y. - Soluna Holdings, Inc. (NASDAQ: SLNH), a green data center developer with a market capitalization of $8.54 million and impressive revenue growth of 163% year-over-year, has announced that its subsidiary, Soluna Cloud, is supporting the North American launch of Atlas (NYSE:ATCO) Cloud’s DeepSeek R1, an AI inferencing platform. According to InvestingPro analysis, the company appears undervalued at its current price of $1.02. The service, which became operational on February 28, 2025, utilizes 128 NVIDIA (NASDAQ:NVDA) H100 SXM Infiniband GPUs and is designed to offer high performance at a competitive price point. While the stock has shown significant volatility, trading between $0.90 and $8.80 over the past 52 weeks, InvestingPro subscribers have access to 14 additional exclusive insights about the company’s financial health and market performance.
DeepSeek R1, which boasts advanced AI capabilities, is now available to North American clients, providing an alternative to AI solutions hosted in China. This move addresses the increasing demand for data sovereignty and improved performance in AI model deployment. The partnership between Soluna Cloud and Atlas Cloud aims to reduce latency and compliance challenges for enterprises transitioning away from China-hosted models.
John Belizaire, CEO of Soluna Cloud, emphasized the company’s commitment to delivering sustainable and scalable computing power to AI innovators. He highlighted the partnership’s role in expanding access to DeepSeek R1 within North America, focusing on sustainability and data sovereignty.
Jerry Tang, Founder and CEO of Atlas Cloud, expressed enthusiasm about the deployment’s ability to outperform hyperscale providers by significantly reducing latency within secure, strategically located North American sites powered by Soluna Cloud.
The collaboration between Soluna Cloud and Atlas Cloud is part of an ongoing effort to provide enterprises with secure and efficient AI solutions, while also promoting sustainability through the use of renewable energy-powered data centers.
This article is based on a press release statement and does not include any speculative information.
In other recent news, Soluna Holdings, Inc. has reported a significant increase in revenue for the third quarter of 2024, reaching $29.7 million year-to-date. The company has been advancing its green data center projects, with notable progress at Project Dorothy 1A and 1B, enhancing Bitcoin hosting capabilities by 20 megawatts with upgraded equipment. Project Dorothy 2 has completed its substation interconnection civil work, with electrical tie-in expected soon. Soluna is also making strides in AI with Project Grace and Project Ada, the latter launching an on-demand GPU service in collaboration with SFCompute. Additionally, Soluna has acquired a 60-acre land parcel for its upcoming Project Rosa data center, which will utilize up to 187 megawatts of renewable energy. The company recently hosted an "Ask Me Anything" session for investors, providing insights into its operations and future plans. Furthermore, Soluna has strengthened its advisory board by adding Ernest Popescu, a tech veteran with extensive experience in data center infrastructure. These developments highlight Soluna’s ongoing commitment to integrating renewable energy with high-performance computing solutions.
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