On Tuesday, U.S. data center developer Soluna Holdings, Inc. (SLNH.US) soared more than 16%, trading at $2.1, following the company's announcement that it mined 8.7 bitcoins in September, marking a substantial increase from 7.4 bitcoins produced in August.

According to the company's latest operational update, Soluna's proprietary mining hash rate reached 658 PH/s in September, up from 526 PH/s in August, demonstrating continued enhancement in mining capabilities. The company attributed the hash rate growth primarily to equipment upgrades and improvements in energy utilization efficiency.

Beyond the production increase, the company also disclosed several significant developments in its announcement, including reaching a settlement agreement with New York Digital Investment Group (NYDIG), regaining compliance with Nasdaq's continued listing requirements, completing a credit facility arrangement with a maximum limit of $100 million, and establishing a strategic cooperation agreement with mining equipment manufacturer Canaan Inc. (CAN.US).