Soluna Holdings Management

Management criteria checks 2/4

Soluna Holdings' CEO is John Belizaire, appointed in May 2023, has a tenure of 1.58 years. total yearly compensation is $424.82K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 5.82% of the company’s shares, worth $1.11M. The average tenure of the management team and the board of directors is 1.6 years and 8.2 years respectively.

Key information

John Belizaire

Chief executive officer

US$424.8k

Total compensation

CEO salary percentage	100.0%
CEO tenure	1.6yrs
CEO ownership	5.8%
Management average tenure	1.6yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

Soluna Holdings, Inc. (NASDAQ:SLNH) Looks Inexpensive After Falling 31% But Perhaps Not Attractive Enough

Dec 28

Soluna Holdings, Inc. (NASDAQ:SLNH) Stock Catapults 29% Though Its Price And Business Still Lag The Industry

Nov 13

Soluna Holdings, Inc.'s (NASDAQ:SLNH) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Nov 13

Soluna: The Business Of Turning Wasted Energy Into Cash Via Bitcoin Isn't Sustainable

Jul 02

Is It Better To Own Bitcoin Or Bitcoin Mining Stocks?

Feb 22

Soluna Holdings: Unknown, Massively Undervalued, And Revolutionizing Renewable Energy With Green Computing

Dec 23

Mechanical Technology: The Best Bitcoin Mining Investment

Aug 24

Mechanical Technology: Success Is In The Management's Hands

Aug 13

Mechanical Technology raises $15M through equity offering

Apr 27

Mechanical Technology (NASDAQ:MKTY) Is Posting Healthy Earnings, But It Is Not All Good News

Apr 07

Earnings Tell The Story For Mechanical Technology, Incorporated (NASDAQ:MKTY) As Its Stock Soars 33%

Mar 25

CEO Compensation Analysis

How has John Belizaire's remuneration changed compared to Soluna Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$39m
Jun 30 2024	n/a	n/a	-US$38m
Mar 31 2024	n/a	n/a	-US$35m
Dec 31 2023	US$425k	US$425k	-US$37m
Sep 30 2023	n/a	n/a	-US$58m
Jun 30 2023	n/a	n/a	-US$107m
Mar 31 2023	n/a	n/a	-US$112m
Dec 31 2022	US$350k	US$350k	-US$112m
Sep 30 2022	n/a	n/a	-US$87m
Jun 30 2022	n/a	n/a	-US$30m
Mar 31 2022	n/a	n/a	-US$16m
Dec 31 2021	US$1m	US$47k	-US$7m

Compensation vs Market: John's total compensation ($USD424.82K) is below average for companies of similar size in the US market ($USD649.63K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.

CEO

John Belizaire (52 yo)

1.6yrs

Tenure

US$424,815

Compensation

Mr. John Belizaire is Chief Executive Officer of Soluna Callisto Holdings Inc., (formerly known as Soluna Computing, Inc) and EcoChain, Inc. He was Director of Soluna Holdings, Inc. from October 2021 until...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Toporek	Executive Chairman	8.2yrs	US$327.94k	14.09% $ 2.7m
John Belizaire	CEO & Director	1.6yrs	US$424.82k	5.82% $ 1.1m
Jessica Thomas	Chief Accounting Officer & Corporate Secretary	1.9yrs	US$294.47k	0.79% $ 149.9k
Mary O'Reilly	Chief People Officer	3.3yrs	US$349.27k	1.41% $ 268.4k
John Tunison	CFO & Treasurer	less than a year	no data	1.86% $ 354.3k
Jim Reynolds	Vice President of Operations	less than a year	no data	no data
Dipul Patel	Chief Technology Officer	no data	no data	no data
Phillip Ng	VP of Corporate Development	no data	no data	no data
Lisa Brennan	Corporate Controller	3.9yrs	no data	no data
Kim Lloyd	Marketing Consultant - MTI Instruments	no data	no data	no data

1.6yrs

Average Tenure

50yo

Average Age

Experienced Management: SLNH's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Toporek	Executive Chairman	8.2yrs	US$327.94k	14.09% $ 2.7m
John Belizaire	CEO & Director	3.2yrs	US$424.82k	5.82% $ 1.1m
David Michaels	Independent Director	11.3yrs	US$221.99k	2.1% $ 399.5k
Thomas Marusak	Independent Director	20yrs	US$35.00k	1.75% $ 331.9k
William Phelan	Lead Independent Director	20yrs	US$60.00k	2.01% $ 382.3k
Matthew Lipman	Director	8.2yrs	US$35.00k	1.41% $ 268.3k
Daniel Golding	Member of Advisory Board	1.1yrs	no data	no data
Edward Hirshfield	Independent Director	8.2yrs	US$20.00k	1.4% $ 266.4k
William Hazelip	Independent Director	3.8yrs	US$20.00k	1.4% $ 266.4k
John Bottomley	Independent Director	3.2yrs	US$35.00k	1.41% $ 267.7k
Ernest Popescu	Member of Advisory Board	no data	no data	no data

8.2yrs

Average Tenure

56yo

Average Age

Experienced Board: SLNH's board of directors are considered experienced (8.2 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/31 10:58
End of Day Share Price	2024/12/31 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Soluna Holdings, Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Meghan Moreland	Ardour Capital Investments, LLC
Brion Tanous	Merriman Capital, Inc

Soluna Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

Soluna Holdings, Inc. Appoints Ernest Popescu to Advisory Board

Soluna Holdings, Inc., Annual General Meeting, May 30, 2024

Soluna Holdings, Inc. Announces Chief Financial Officer Changes

Soluna Holdings, Inc. Establishes Advisory Board

Soluna Holdings, Inc., Annual General Meeting, Jun 29, 2023

Soluna Holdings, Inc. Announces Executive Changes

Recent updates

Soluna Holdings, Inc. (NASDAQ:SLNH) Looks Inexpensive After Falling 31% But Perhaps Not Attractive Enough

Soluna Holdings, Inc. Appoints Ernest Popescu to Advisory Board

New major risk - Financial position

Third quarter 2024 earnings released: US$0.93 loss per share (vs US$4.88 loss in 3Q 2023)

Soluna Holdings, Inc. (NASDAQ:SLNH) Stock Catapults 29% Though Its Price And Business Still Lag The Industry

Soluna Holdings, Inc.'s (NASDAQ:SLNH) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Soluna Holdings, Inc. announced that it expects to receive $25 million in funding from Yorkville Advisors Global LP

Second quarter 2024 earnings released: US$2.38 loss per share (vs US$8.02 loss in 2Q 2023)

Soluna Holdings, Inc. announced that it has received $30 million in funding from Spring Lane Management, LLC

Soluna Holdings, Inc. announced that it expects to receive $30 million in funding from Spring Lane Management, LLC

First quarter 2024 earnings released: US$1.87 loss per share (vs US$8.17 loss in 1Q 2023)

Soluna Holdings, Inc., Annual General Meeting, May 30, 2024

New major risk - Share price stability

Investors Give Soluna Holdings, Inc. (NASDAQ:SLNH) Shares A 37% Hiding

Soluna Holdings, Inc. Announces Chief Financial Officer Changes

Full year 2023 earnings released: US$0.022 loss per share (vs US$185 loss in FY 2022)

Third quarter 2023 earnings released: US$4.85 loss per share (vs US$97.96 loss in 3Q 2022)

Soluna Holdings, Inc. Establishes Advisory Board

Soluna Regains Compliance with Nasdaq Minimum Bid Price Requirement

Soluna Holdings Provides Nasdaq Compliance Update

Second quarter 2023 earnings released: US$0.32 loss per share (vs US$1.10 loss in 2Q 2022)

New major risk - Financial position

Soluna Holdings, Inc. Approves 2 EH/s Milestone in Bitcoin Mining Operations

Soluna Secures Nasdaq's Approval for 180-Day Extension to Meet Bid Price Requirement

Soluna Holdings, Inc., Annual General Meeting, Jun 29, 2023

Soluna Holdings, Inc. Reports Consolidated Impairment Charges for the Three Months Ended March 31, 2023

First quarter 2023 earnings released: US$0.35 loss per share (vs US$0.71 loss in 1Q 2022)

Soluna Holdings, Inc. announced that it has received $14 million in funding

Soluna Holdings, Inc. Announces Executive Changes

Soluna Holdings, Inc. Approves Jessica Thomas as Chief Accounting Officer

Soluna Holdings Receives a Letter from Nasdaq Regarding Minimum Closing Bid Price

Soluna Receives Green Light from Regulator for Texas Data Center

Third quarter 2022 earnings released: US$3.80 loss per share (vs US$0.062 loss in 3Q 2021)

Soluna Holdings, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2022

Soluna Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $2 million.

Soluna renews project marie hosting contract

CEO & Director recently bought US$52k worth of stock

Soluna Holdings, Inc. Announces Resignation of Jessica L. Thomas as Chief Financial Officer

Soluna Holdings: Buy As The Bulls Capitulate

Second quarter 2022 earnings released: US$1.00 loss per share (vs US$0.10 loss in 2Q 2021)

Soluna receives $12.5M funding from Spring Lane Capital

Soluna Holdings, Inc. Announces Chief Financial Officer Changes, Effective August 16, 2022

Soluna picks ex-Ameresco executive for CFO role

Soluna Holdings, Inc. announced that it has received $5 million in funding

Soluna: The Business Of Turning Wasted Energy Into Cash Via Bitcoin Isn't Sustainable

First quarter 2022 earnings released: US$0.66 loss per share (vs US$0.068 loss in 1Q 2021)

Soluna Holdings, Inc., Annual General Meeting, May 27, 2022

Vitrek Corporation completed the acquisition of MTI Instruments, Inc. from Soluna Holdings, Inc. (NasdaqCM:SLNH) for $10.8 million.

Full year 2021 earnings released: US$0.54 loss per share (vs US$0.20 profit in FY 2020)

Is It Better To Own Bitcoin Or Bitcoin Mining Stocks?

Soluna Holdings: Unknown, Massively Undervalued, And Revolutionizing Renewable Energy With Green Computing

Soluna Holdings, Inc. Launches Curtailment Assessment Service for Clean Power Producers

Third quarter 2021 earnings released: US$0.048 loss per share (vs US$0.16 profit in 3Q 2020)

Mechanical Technology: The Best Bitcoin Mining Investment

Mechanical Technology: Success Is In The Management's Hands

Second quarter 2021 earnings released: US$0.10 loss per share (vs US$0.063 profit in 2Q 2020)

First quarter 2021 earnings released: US$0.068 loss per share (vs US$0.014 loss in 1Q 2020)

Investor sentiment deteriorated over the past week

Mechanical Technology raises $15M through equity offering

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Mechanical Technology (NASDAQ:MKTY) Is Posting Healthy Earnings, But It Is Not All Good News

Full year 2020 earnings released: EPS US$0.20 (vs US$0.034 in FY 2019)

Earnings Tell The Story For Mechanical Technology, Incorporated (NASDAQ:MKTY) As Its Stock Soars 33%

Mechanical Technology, Incorporated Appoints Aly Madhavji to Board of Directors

Mechanical Technology, Incorporated Appoints William Hazelip as Member of the Board

Mechanical Technology, Incorporated announced that it has received $0.03 million in funding

Mechanical Technology, Incorporated Appoints Michael Toporek as Chief Executive Officer

5 Twenty-Two Systems, LLC acquired All Assets Related to Former Tensile Stage Product Line of Mechanical Technology, Incorporated (OTCPK:MKTY) for $0.04 million.