Is Soluna Holdings, Inc (SLNHP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 62.2% | |
| Operating Margin | -92.5% | |
| Net Margin | -274.2% | |
| Return on Equity (ROE) | -127.0% | |
| Return on Assets (ROA) | -28.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$5M |
| Free Cash Flow | -$18M |
| Total Debt | $22M |
| Debt-to-Equity | 36.7 |
| Current Ratio | 1.2 |
| Total Assets | $88M |
Price & Trading
| Last Close | $7.32 |
| 50-Day MA | $9.19 |
| 200-Day MA | $7.26 |
| Avg Volume | 28K |
| Beta | 4.3 |
|
52-Week Range
$1.76
| |
About Soluna Holdings, Inc (SLNHP)
Soluna Holdings, Inc., together with its subsidiaries, engages in the mining of cryptocurrency through data centres. It operates through three segments, Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services. The company also operates in the blockchain business, as well as offers colocation and hosting services for companies seeking to train large language models, fine-tune existing artificial intelligence models, and deploy other compute-intensive AI or HPC workloads. In addition, the company develops and builds modular data centres that use for cryptocurrency mining. Further, it provides data centre hosting services, including electrical power and network connectivity to cryptocurrency mining customers. Soluna Holdings, Inc. was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. in November 2021. The company was founded in 1961 and is headquartered in Albany, New York.
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Frequently Asked Questions
Is Soluna Holdings, Inc (SLNHP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Soluna Holdings, Inc is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Soluna Holdings, Inc's debt ratio?
Soluna Holdings, Inc's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Soluna Holdings, Inc's key financial metrics?
Soluna Holdings, Inc has a market capitalization of N/A, and revenue of $38M. The company maintains a gross margin of 62.2% and a net margin of -274.2%. Return on equity stands at -127.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.