Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 61

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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     161  
     293 
  
    General and administrative, exclusive of depreciation and amortization (b) 
     (5,152) 
     (5,072)
  
    General and administrative, depreciation and amortization 
     (2,403) 
     (2,403)
  
    Interest expense 
     (1,196) 
     (449)
  
    Loss on debt extinguishment and revaluation, net 
     -  
     (5,600)
  
    Loss on sale of fixed assets 
     (22) 
     (21)
  
    Other expense, net 
     (546) 
     (49)
  
    Net loss before taxes 
    $(8,388) 
    $(9,794)

    (a)
    Demand
    response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss

    (b)
    The
    reconciling general and administrative expense, exclusive of depreciation and amortization represent corporate and unallocated general
    and administrative expenses for the three months ended June 30, 2025 and 2024.

The
following table details revenue, cost of revenues, and other operating costs for the Company’s reportable segments for six months
ended June 30, 2025 and 2024, and reconciles to net income (loss) on the consolidated statements of operations:

For
the six months ended June 30, 2025

    Cryptocurrency
                                                                                Mining  
    Data Center
 Hosting  
    High-
Performance
 Computing
 Services  
    Total 
  
    Segment Revenue: Revenue from external customers 
    $5,860  
    $5,538  
    $28  
    $11,426 
  
    Reconciliation of revenue 

    Demand response revenue (a) 

     668 
  
    Total consolidated revenue 

     12,094 
  
    Less: Segment cost of revenue 

    Utility costs 
     2,690  
     861  
     -  
     3,551 
  
    Wages, benefits, and employee related costs 
     421  
     1,001  
     7  
     1,429 
  
    Facilities and Equipment costs 
     457  
     886  
     -