Soluna Holdings Leveraging Luxor’s Enterprise-Grade Pool Infrastructure

Background

Soluna Holdings, Inc. (NASDAQ: SLNH) is a leading developer of green data centers for batch-oriented computing, including Bitcoin mining. Their mission is to make renewable energy projects more profitable by solving their intermittency problem—turning wasted or curtailed energy into economic opportunity through high-performance computing. Soluna is a publicly-listed company on Nasdaq, and as such requires mining infrastructure that can support their operational standards while satisfying the demands of corporate governance & financial oversight.

Challenge

As Soluna expanded its operations, the company needed a Bitcoin mining pool partner that could meet the expectations of its auditors, enterprise clients, and other key stakeholders.

The key challenges for mining pools included:

• Auditability: Adhering to stringent internal and external audit processes, aligning with revenue recognition.
• Regulatory Alignment: Operating in a way that aligns with U.S. compliance expectations.
• Data Accessibility: Seamless, programmatic access to mining performance data.
• Reporting: Clear, transparent, and customizable reports to satisfy both internal stakeholders and external partners.

Solution

Soluna selected Luxor’s Bitcoin Mining Pool for its comprehensive, enterprise-grade offering. Key features that aligned with Soluna’s requirements included:

• SOC 2 Type 2 Certification: Providing assurance to auditors and investors that Luxor adheres to rigorous data security and operational standards.
• U.S.-Based Infrastructure: Ensuring regulatory and jurisdictional clarity for a publicly traded U.S. company.
• Robust API Suite: Enabling Soluna’s engineering and finance teams to integrate real-time and historical data directly into internal systems.
• Transparent Contracting: Clear commercial agreements that support scalability and long-term planning.
• Professional Reporting: Detailed, customizable mining reports tailored to Soluna’s auditing and performance tracking needs.
• Exceptional Support: Access to Luxor’s highly responsive, knowledgeable support team capable of engaging professionally with both technical and non-technical stakeholders.

Results

Since migrating to Luxor’s mining pool, Soluna has realized significant operational and organizational benefits:

• Improved Audit Readiness: SOC 2 compliance and clear data access have simplified external audits and internal reviews.
• Enhanced Transparency: Consistent, accurate reporting supports better decision-making and investor communications.
• Streamlined Operations: Automated data pulls through Luxor’s API have reduced manual reporting efforts and human error.
• Stakeholder Confidence: Professional communication and reporting have strengthened trust with institutional investors and the board.
• Operational Reliability: Luxor’s infrastructure has supported consistent uptime and predictable mining payouts.

Conclusion

Soluna’s partnership with Luxor reflects a shared vision for scalable, responsible, and data-driven Bitcoin mining. By leveraging Luxor’s enterprise-ready infrastructure, Soluna has been able to maintain its commitment to sustainability while enhancing operational transparency and investor trust.