🚨 @SolunaHoldings with a Buy rating and $4 price target (over 250% upside potential to current levels). Cc: $SPCX $NBIS $CRWV $IREN $CIFR $KEEL $SLNH $WULF $HUT “The base case of our scenario analysis in Exhibit 3 on Page 5 suggests that a 100 MW contract for Phase I of Kati 2 could generate $190M of incremental annual revenues (reflecting 2.5x our current '27 total revenue forecast, which currently does not factor in any revenue contribution from HPC/AI) and $162M of annual NOI for Soluna."
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