Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 266

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 266
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 furniture and fixtures        |                        |   |            35 |   |     |   |           28 |   |
| Construction in progress             |                        |   |         4,295 |   |     |   |        1,111 |   |
| Property,                            
 plant and equipment, gross           |                        |   |        51,868 |   |     |   |       48,864 |   |
| Less: Accumulated depreciation       |                        |   |        (8,397 | ) |     |   |       (4,292 | ) |
| Property,                            
 plant and equipment, net             |                        | $ |        43,471 |   |     | $ |       44,572 |   |

Depreciation expense was approximately $ 1.5million and $ 1.2million for the three months ended September 30, 2024 and 2023, respectively. Depreciation expense was approximately $ 4.6million and $ 2.4million for the nine months ended September 30, 2024 and 2023, respectively

There was noloss on sale of equipment for the three months ended September 30, 2024. The Company had a loss on sale of equipment of approximately $ 21thousand for the nine months ended September 30, 2024, in which related to equipment held for sale and in storage. The Company received proceeds on the sale of equipment of approximately $ 215thousand for the nine months ended September 30, 2024, in which the net book value was approximately $ 236thousand. For the three and nine months ended September 30, 2023, the Company incurred a loss on sale of fixed assets of approximately $ 373thousand and $ 404thousand in relation to the sale of miners for Project Sophie and sale of the remaining Project Marie fixed assets including the Tesseracks (mobile, Bitcoin Mining Equipment).

There were noimpairment charges for the three months ended September 30, 2024. During the nine months ended September 30, 2024, the Company had impairment charges of approximately $ 130thousand. This charge related to the sale of S19 miners that occurred in April 2024, whereas the Company wrote down the net book value of the miners to the subsequent sales price. The Company had impairment charges of approximately $ 41thousand for the three months ended September 30,