Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 300

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 300
---
    Loss on fixed assets and credit on equipment
    deposit 
     (780) 
     -  
     (780) 
     (100)%
  
    Fair value adjustment (loss) gain 
     (22,047) 
     328  
     (22,375) 
     (6,822)%
  
    Gain on debt extinguishment
    and revaluation, net 
     10,107  
     875  
     9,232  
     1,055%
  
    Loss before income taxes 
     (26,453) 
     (8,640) 
     (17,813) 
     206%
  
    Income tax benefit, net 
     666  
     547  
     119  
     22%
  
    Net loss 
     (25,787) 
     (8,093) 
     (17,694) 
     219%
  
    Net loss attributable
    to non-controlling interest, net 
     1,831  
     903  
     928  
     103%
  
    Net loss attributable
    to Soluna Holdings, Inc. 
    $(23,956) 
    $(7,190) 
    $(16,766) 
     233%

52

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
September 30, 2025:

    Soluna
    Digital 
  
    (Dollars in thousands) 
    Project Dorothy
                                             1B  
    Project Dorothy
                                            1A  
    Project Dorothy
                                            2  
    Project Sophie  
    Other  
    Total 

    Cryptocurrency mining revenue 
    $            2,769  
    $                  -  
    $               -  
    $    -  
    $-  
    $2,769 
  
    Data hosting revenue 
     -  
     1,650  
     2,203  
     1,404