Head to Head Comparison: Soluna (NASDAQ:SLNH) vs. Stronghold Digital Mining (NASDAQ:SDIG)

Stronghold Digital Mining (NASDAQ:SDIG) and Soluna (NASDAQ:SLNH) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, analyst recommendations, risk, earnings, valuation, institutional ownership and dividends.

Risk & Volatility

Stronghold Digital Mining has a beta of 3, suggesting that its share price is 200% more volatile than the S&P 500. Comparatively, Soluna has a beta of 3.03, suggesting that its share price is 203% more volatile than the S&P 500.

Valuation and Earnings

This table compares Stronghold Digital Mining and Soluna”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Stronghold Digital Mining	$79.53 million	0.67	-$71.40 million	($3.70)	-0.84
Soluna	$39.87 million	0.22	-$29.20 million	($14.56)	-0.07

Soluna has lower revenue, but higher earnings than Stronghold Digital Mining. Stronghold Digital Mining is trading at a lower price-to-earnings ratio than Soluna, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations

This is a summary of current recommendations and price targets for Stronghold Digital Mining and Soluna, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Stronghold Digital Mining	0	1	1	1	3.00
Soluna	0	0	0	0	0.00

Stronghold Digital Mining currently has a consensus price target of $6.17, indicating a potential upside of 98.92%. Given Stronghold Digital Mining’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Stronghold Digital Mining is more favorable than Soluna.

Insider and Institutional Ownership

19.3% of Stronghold Digital Mining shares are owned by institutional investors. Comparatively, 23.2% of Soluna shares are owned by institutional investors. 21.1% of Stronghold Digital Mining shares are owned by insiders. Comparatively, 27.3% of Soluna shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Profitability

This table compares Stronghold Digital Mining and Soluna’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Stronghold Digital Mining	-11.21%	13.67%	3.59%
Soluna	-75.30%	-45.29%	-24.41%

Summary

Stronghold Digital Mining beats Soluna on 10 of the 15 factors compared between the two stocks.

About Stronghold Digital Mining

Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services. The company was incorporated in 2021 and is headquartered in New York, New York.

About Soluna

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.