Head-To-Head Survey: Stronghold Digital Mining (NASDAQ:SDIG) versus Soluna (NASDAQ:SLNH)

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

Valuation and Earnings

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

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Soluna	$39.87 million	0.20	-$29.20 million	($14.56)	-0.07
Stronghold Digital Mining	$79.53 million	0.61	-$71.40 million	($3.70)	-0.76

Soluna has higher earnings, but lower revenue 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 Ratings

This is a summary of recent ratings and recommmendations for Soluna and Stronghold Digital Mining, as provided by MarketBeat.

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

Stronghold Digital Mining has a consensus price target of $6.17, indicating a potential upside of 119.45%. Given Stronghold Digital Mining’s stronger consensus rating and higher possible upside, analysts clearly believe Stronghold Digital Mining is more favorable than Soluna.

Volatility & Risk

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

Institutional & Insider Ownership

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

Profitability

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

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

Summary

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

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.

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.