Soluna Holdings Inc is trading 11.7% up today at $1.53 after announcing a joint venture with Metrobloks to develop a 350 MW AI-focused data center campus in South Texas.
- The project represents a major strategic pivot toward AI infrastructure, moving the company beyond its core cryptocurrency operations.
- The stock is significantly outperforming major cryptocurrencies today, suggesting the rally is driven by the data center expansion rather than broader crypto market trends.