SLNH is trading 7.6% down at $1.33 following a move to simplify its capital structure and broader weakness in the cryptocurrency market.
- The company filed to withdraw its Series B preferred stock designation, a move that is weighing on shares and reversing a portion of the previous session's gains.
- Broader pressure on digital assets, with Bitcoin and Ethereum down 1–2%, continues to impact risk appetite for crypto-linked data center operators.