Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 2

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 (314,304)
  
    Common
    stock in treasury, at cost, 40,741 shares at September 30, 2025 and December 31, 2024 
     (13,798) 
     (13,798)
  
    Total
    Soluna Holdings, Inc. Stockholders’ Equity (Deficit) 
     14,472  
     (12,479)
  
    Non-Controlling
    Interest 
     58,993  
     39,841 
  
    Total
    Stockholders’ Equity 
     73,465  
     27,362 
  
    Total
    Liabilities and Stockholders’ Equity 
    $152,035  
    $88,040 

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4

Soluna
Holdings, Inc. and Subsidiaries

Condensed
Consolidated Statements of Operations (Unaudited)

For
the Three and Nine Months Ended September 30, 2025 and 2024

    2025  
    2024  
    2025  
    2024 

    (Dollars in thousands, except per share) 
    Three Months
    Ended  
    Nine Months
    Ended 

    September
    30,  
    September
    30, 

    2025  
    2024  
    2025  
    2024 

    Cryptocurrency mining revenue 
    $2,769  
    $2,811  
    $8,630  
    $13,691 
  
    Data hosting revenue 
     5,257  
     4,271  
     10,795  
     14,446 
  
    Demand response service revenue 
     389  
     443  
     1,057  
     1,612 
  
    High-performance computing
    service revenue 
     -  
     -  
     28  
     - 
  
    Total revenue 
     8,415  
     7,525  
     20,510  
     29,749 
  
    Operating costs: 

    Cost of cryptocurrency
    mining revenue, exclusive of depreciation 
     1,708