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        <filer>
          <filerCredentials>
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            <ccc>XXXXXXXX</ccc>
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        <liveTestFlag>LIVE</liveTestFlag>
  
  
  
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      <issuerInfo>
        <issuerCik>0000064463</issuerCik>
        <issuerName>Soluna Holdings, Inc</issuerName>
        <secFileNumber>001-40261</secFileNumber>
        <issuerAddress>
          <com:street1>325 WASHINGTON AVENUE EXTENSION</com:street1>
          <com:city>ALBANY</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>12205</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>518-218-2500</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Phelan William P</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>Director</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
      <securitiesInformation>
        <securitiesClassTitle>Preferred</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>Fidelity Brokerage Services LLC</name>
          <address>
            <com:street1>245 Summer Street</com:street1>
            <com:city>Boston</com:city>
            <com:stateOrCountry>MA</com:stateOrCountry>
            <com:zipCode>02110</com:zipCode>
          </address>
        </brokerOrMarketmakerDetails>
        <noOfUnitsSold>10000</noOfUnitsSold>
        <aggregateMarketValue>29000.00</aggregateMarketValue>
        <noOfUnitsOutstanding>13754108</noOfUnitsOutstanding>
        <approxSaleDate>06/11/2025</approxSaleDate>
        <securitiesExchangeName>NASDAQ</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
        <securitiesClassTitle>Preferred</securitiesClassTitle>
        <acquiredDate>06/02/2025</acquiredDate>
        <natureOfAcquisitionTransaction>Stock Award</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>10000</amountOfSecuritiesAcquired>
        <paymentDate>06/02/2025</paymentDate>
        <natureOfPayment>Compensation</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
      <securitiesSoldInPast3Months>
        <sellerDetails>
          <name>William P Phelan</name>
          <address>
            <com:street1>325 Washington Ave Ext</com:street1>
            <com:city>Albany</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>12205</com:zipCode>
          </address>
        </sellerDetails>
        <securitiesClassTitle>Soluna Holdings 9.0 Cumulative Preferred A</securitiesClassTitle>
        <saleDate>06/10/2025</saleDate>
        <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
        <grossProceeds>29803.44</grossProceeds>
      </securitiesSoldInPast3Months>
      <noticeSignature>
        <noticeDate>06/11/2025</noticeDate>
        <signature>/s/ Christian Nasser as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for William Phelan</signature>
      </noticeSignature>
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text: 144
  0001311899
  XXXXXXXX
  LIVE
  0000064463
  Soluna Holdings, Inc
  001-40261
  325 WASHINGTON AVENUE EXTENSION
  ALBANY
  NY
  12205
  518-218-2500
  Phelan William P
  Director
  Preferred
  Fidelity Brokerage Services LLC
  245 Summer Street
  Boston
  MA
  02110
  10000
  29000.00
  13754108
  06/11/2025
  NASDAQ
  Preferred
  06/02/2025
  Stock Award
  Issuer
  N
  10000
  06/02/2025
  Compensation
  N
  William P Phelan
  325 Washington Ave Ext
  Albany
  NY
  12205
  Soluna Holdings 9.0 Cumulative Preferred A
  06/10/2025
  10000
  29803.44
  06/11/2025
  /s/ Christian Nasser as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for William Phelan