Company: SLNH
Filing Date: 2025-01-28
Form Type: CORRESP
Source: 0001493152-25-003974
Chunk: 0

Company: Soluna Holdings, Inc
Filing Date: 2025-01-28
Form: CORRESP
Chunk 0
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| Daniel    
 L. Forman 
 Partner   |                          | 1251                   
 Avenue of the Americas 
 New                    
 York, New York 10020   |
|           | T:                       
 (212) 419-5904           
 E:dforman@lowenstein.com |                        |

January 28, 2025

VIA EDGAR

Securities and Exchange Commission

Division of Corporation Finance

100 F. Street, N.E.

Washington, D.C. 20549

Attention: Jessica Livingston, David Lin

| Re: | Soluna                                          
 Holdings, Inc.                                  
 Amendment                                       
 No. 3 to the Registration Statement on Form S-1 
 Filed                                           
 January 15, 2025                                |
|:----|:------------------------------------------------|
|     | File                                            
 No. 333-282559                                  |

Ladies and Gentlemen:

On behalf of Soluna Holdings, Inc. (the “ Company”), we are submitting this letter to the Securities and Exchange Commission (the “ SEC”) via EDGAR in response to the comment letter from the staff of the SEC (the “ Staff”), dated January 27, 2025 (the “ Comment Letter”), pertaining to the Company’s above-referenced Amendment No. 3 to the Registration Statement on Form S-1 filed on January 15, 2025 (the “ Registration Statement”). Capitalized terms used but not defined in this letter have the meaning given in the Registration Statement.

To assist your review, we have reproduced the text of the Staff’s comment in italics below, followed by the response on behalf of the Company.

Amendment No. 3 to Registration Statement on Form S-1

General

| 1. | Please                                                                                                                             
 tell us whether FINRA will evaluate the compensation to be paid to member broker-dealer firms in the transactions described in the 
 registration statement and the status of its evaluation in that respect. If you believe that FINRA is not required to evaluate the 
 compensation to be paid to its members in such transactions, please tell us the basis of this conclusion.                          |

Response to Comment 1:

The Company respectfully advises the Staff that it believes that FINRA is not required to evaluate the compensation paid to any member broker-dealer firms in connection with the transactions described in the Registration Statement.

FINRA Rule 5110

FINRA Rule 5110(a)(2) states that “all public offeringsin which a member participatesmust be filed with FINRA for review, except