Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 218

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 218
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 of operations:

For
the nine months ended September 30, 2025

    Cryptocurrency Mining  
    Data
                                            Center Hosting  
    High- Performance Computing Services  
    Total 
  
    Segment Revenue: Revenue from external
    customers 
    $8,630  
    $10,795  
    $28  
    $19,453 
  
    Reconciliation of revenue 

    Demand response service
    revenue (a) 

     1,057 
  
    Total consolidated revenue 

     20,510 
  
    Less: Segment cost of revenue 

    Utility costs 
     3,927  
     2,160  
     -  
     6,087 
  
    Wages, benefits, and employee
    related costs 
     588  
     1,668  
     7  
     2,263 
  
    Facilities and Equipment
    costs 
     701  
     1,448  
     -  
     2,149 
  
    Cost of revenue- depreciation 
     3,200  
     1,578  
     -  
     4,778 
  
    Other
    cost of revenue* 
     410  
     839  
     -  
     1,249 
  
    Total segment cost of revenue 
     8,826  
     7,693  
     7  
     16,526 
  
    General and administrative
    expenses 
     62  
     1,337  
     270  
     1,669 
  
    Impairment
    on fixed assets 
     -  
     12  
     -  
     12 
  
    Segment
    operating income (loss) 
    $(258) 
    $1,753  
    $(249) 
    $1,246 

    42

For
the nine months ended September 30, 2024

    Cryptocurrency Mining  
    Data
                                            Center Hosting  
    High- Performance Computing Services  
    Total 
  
    Segment Revenue: Revenue from external
    customers 
    $13,691  
    $14,446  
    $-  
    $28,137 
  
    Reconciliation of revenue 

    Demand response service