Better Health for All

Soluna Holdings, Inc. (SLNH.US) develops and operates data centers for compute-intensive applications, including Bitcoin mining and AI.

The company's core products and services have no significant direct positive or negative health impact, resulting in a neutral score for health_impact_core. While Soluna Cloud offers solutions for 'Drug Discovery,' there is no specific data on the percentage of R&D or capital allocated to this area, leading to the omission of health_innovation_investment. The company's operations do not involve health-related products or services that would require scoring for KPIs such as harmful_revenue_share, safety_record, price_accessibility, vulnerable_reach, risk_transparency, health_equity_programs, healthcare_workforce_support, preventative_health_measures, global_health_crisis_response, mental_health_initiatives, pharma_patent_flexibility, nutrition_and_food_safety, healthcare_education, addiction_mitigation, or clinical_trial_ethics. The articles mentioning 'Soluna' mental health apps refer to a different entity (Kooth) and are not relevant to SLNH.US. Environmental efforts like using renewable energy are excluded from this value category.

Fair Money & Economic Opportunity

Soluna Holdings, Inc. operates digital asset infrastructure, primarily data centers for cryptocurrency mining and AI, powered by renewable energy.

The company's core business does not involve lending, insuring, moving, or storing money for consumers. Therefore, all KPIs related to consumer financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for financial services, and product simplicity for financial products, are not applicable to its operations. No evidence was found in the provided articles to suggest that Soluna offers any financial products or services to consumers that would fall under the scope of this ethical value.

Fair Pay & Worker Respect

As of March 7, 2024, Soluna Holdings, Inc. had 40 employees, and none were subject to a collective bargaining agreement.

The company provides third-party training for field personnel to become OSHA certified, along with safety checklists, policies, procedures, and a monthly safety newsletter. The company requires subcontractors to maintain safety programs. In April 2024, the company resolved stormwater compliance issues dating back to 2014, resulting in a $400,000 civil penalty and an agreement to complete a supplemental environmental project. In September 2024, the Maryland Department of Environment filed a lawsuit against the company regarding alleged stormwater compliance issues from 2022 through 2024. The company offers medical, dental, and vision healthcare insurance to employees and family members, paid leaves, and life, disability, accident, and cancer care insurance coverage.

Planet-Friendly Business

Soluna's data centers source an average of 75% of their electricity from clean energy.

Project Dorothy, a 50 MW data center, is co-located with a 150 MW wind farm. This project's emissions factor is 0.10 Mt CO2E per MWh, representing a 75% reduction compared to the U.S. grid average in 2022, and is 18% lower than average data centers in the ERCOT West territory. Project Kati, another data center, will be supplied with 166 megawatts of clean energy from the Las Majadas Wind Project.

Respect for Cultures & Communities

No cultural appropriation incidents have been mentioned in the provided articles.

The company created 18 full-time local jobs through Projects Dorothy 1 & 2. As of December 31, 2024, the company had 46 employees, indicating that approximately 39.13% of its workforce was recruited from local communities. This percentage falls between the 0 tier (industry average) and the 50 tier (40-50%), and per the instructions, the tier closer to zero is chosen.

Safe & Smart Tech

The company has reported no material cyber incidents or immaterial incidents requiring disclosure for fiscal years 2022, 2023, and 2024.

Its privacy policy, last updated April 3, 2025, states that users have the right to review, change, or terminate their account, and can access, correct, and delete their personal information, as well as withdraw consent for processing. However, the company disclaims liability for unauthorized access to secure servers and any loss or corruption of user data, and its terms of service (last updated October 27, 2024) state it has no liability for data loss or corruption. The company has policies related to multi-factor authentication and encryption standards. For vulnerability management, it mentions identifying and safeguarding critical assets, bolstering monitoring and alert capabilities, and consulting with expert advisors. The company's privacy policy states compliance with GDPR, UK GDPR, Canadian privacy laws, and specific US state data protection laws, including California's "Shine The Light" law. Regarding data minimization, the company states it will only keep personal information for as long as necessary, and no longer than twelve (12) months past account termination for any purpose.

Zero Waste & Sustainable Products

No specific, concrete evidence was found in the provided articles to assess Soluna Holdings, Inc. against any of the Key Performance Indicators for the 'Zero Waste & Sustainable Products' ethical value.

The articles primarily focus on the company's use of renewable energy and carbon emissions reductions, which relate to energy efficiency and carbon footprint rather than material waste management, product recyclability, packaging, or take-back programs. Information regarding 'wasted renewable energy' pertains to energy efficiency, not material waste, and therefore does not apply to the KPIs under this value.