Data center and cryptomine firm Soluna is no longer facing delisting from the Nasdaq stock exchange over its share price.

Soluna Data Center
– Soluna

The company this week announced that it has received notice from the Nasdaq that the data center firm has regained compliance with the minimum bid price requirement under Nasdaq listing rules.

Soluna’s shares were above the $1 trading minimum for at least ten consecutive business days, which was achieved on October 2.

“We’re pleased to have regained compliance and remain focused on executing our strategy and driving long-term shareholder value,” said John Belizaire, CEO of Soluna Holdings. “With this milestone behind us, we’re continuing to build on our recent momentum and advance our mission to make renewable energy a global superpower, using computing as a catalyst.”

Aside from a short period in July, Soluna’s stock had been trading below the $1 mark since early March, going as low as 40 cents. At the time of writing, Soluna’s stock is valued at $2.54, giving it a market cap of just under $90 million.

Quantum computing firms D-Wave and Rigetti have been in similar positions, both having regained listing compliance with the New York Stock Exchange (NYSE) and Nasdaq multiple times over low share prices.

Soluna has 11 data center sites in various stages of development: Project Sophie, Project Dorothy 1 & 2, Project Kati 1, Project Grace, Project Rosa, Project Hedy, Project Ellen, and Project Annie. The company claims a long-term pipeline totaling 19 projects and up to 2.8GW of capacity.