Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 230

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 230
---
23

    (338
    )

    (1,470)
    %
  
    Interest expense

    (838
    )

    (424
    )

    (414)

    98
    %
  
    Loss on sale of fixed assets

    -

    (1
    )

    1

    (100
    )%
  
    Gain (loss) on debt extinguishment and revaluation, net

    551

    (3,097
    )

    3,648

    (118)
    %
  
    Loss before income taxes

    (7,779
    )

    (3,092
    )

    (4,687
    )

    152
    %
  
    Income tax benefit, net

    425

    548

    (123)

    (22)
    %
  
    Net loss

    (7,354
    )

    (2,544
    )

    (4,810
    )

    189
    %
  
    Net income attributable to non-controlling interest, net

    (202
    )

    (2,710
    )

    2,508

    (93)
    %
  
    Net loss attributable to Soluna Holdings, Inc.
     
    $
    (7,556
    )
     
     $
    (5,254
    )
     
     $
    (2,302
    )

    44
    %

43

The following table summarizes the balances for the
project sites for cryptocurrency mining revenue, data hosting revenue, high-performance computing service revenue, demand response revenue,
cost of cryptocurrency mining revenue, exclusive of depreciation, cost of data hosting revenue, exclusive of depreciation, cost of high-performance
computing services, and cost of depreciation during the three months ended March 31, 2025:

    Soluna Digital  
    Soluna Cloud  

    (Dollars in thousands) 
    Project Dorothy 1B  
    Project Dorothy 1A  
    Project Sophie  
    Other  
    Soluna Digital Subtotal  
    Project  Ada  
    Total 

    Cryptocurrency mining revenue 
    $2,999  
    $-  
    $-  
    $-  
    $2,999  
    $-  
    $2,999 
  
    Data hosting revenue 
     -  
     1,371