ENTITY · soluna
Soluna HoldingsSLNH
United States·colocation·niche·$0.3B mkt cap
Green data centers co-located with renewable power for AI/HPC.
CLEAR · 0–39
39/100 illustrative
Underwriting Thesis
CLEAR — Soluna Holdings: sole-source / single-point-of-failure dominance compounded by concentrated foreign-origin supply in colocation. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration51
Sole-Source Dependence54
Sanctions Exposure0
Downstream Criticality50
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Segments
colocationpower thermal
Shortest paths → DoD-exposed firms
- Scale AI · 2 hops · $105.6MSoluna Holdings → Amazon (Annapurna Labs) → Scale AI
Possible substitutes · same commodity buckets
Chokepoint Relationships
Key Suppliers · upstream · 4
- VertivUnited StatesDOMESTIC
- Schneider ElectricFranceALLIED
- EatonIrelandALLIED
- Delta ElectronicsTaiwanCHOKEPOINT
Key Customers · downstream · 7
- Amazon (Annapurna Labs)United StatesDOMESTIC
- MicrosoftUnited StatesDOMESTIC
- Alphabet (Google)United StatesDOMESTIC
- Meta PlatformsUnited StatesDOMESTIC
- OracleUnited StatesDOMESTIC
- EquinixUnited StatesDOMESTIC
- Digital RealtyUnited StatesDOMESTIC