Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 82

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 82
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49% noncontrolling interest of the Net Loss of in Soluna DV ComputeCo of $111 thousand for the 3 months ended September 30, 2023.

| 49 |

Comparison of the Nine Months Ended September 30, 2024 and September 30, 2023

The following table summarizes changes in the various components of our net loss during the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023.

|                                                                                   | (Dollars in thousands) |   |                   Nine 
 Months Ended September 
               30, 2024 |   |     |     |                   Nine 
 Months Ended September 
               30, 2023 |   |     |     | $ Change |   |     |     |      % 
 Change |    |
|:----------------------------------------------------------------------------------|:-----------------------|:--|-----------------------:|:--|:----|:----|-----------------------:|:--|:----|:----|---------:|:--|:----|:----|-------:|:---|
| Cryptocurrency mining revenue                                                     |                        | $ |                 13,691 |   |     |     |                  5,497 |   |     |     |    8,194 |   |     |     |    149 | %  |
| Data hosting revenue                                                              |                        |   |                 14,446 |   |     |     |                  5,451 |   |     |     |    8,995 |   |     |     |    165 | %  |
| High-performance computing service revenue                                        |                        |   |                      - |   |     |     |                      - |   |     |     |        - |   |     |     |      - | %  |
| Demand response service revenue                                                   |                        |   |                  1,612 |   |     |     |                      - |   |     |     |    1,612 |   |     |     |    100 | %  |
| Operating costs and expenses:                                                     |                        |   |                        |   |     |     |                        |   |     |     |          |   |     |     |        |    |
| Cost of cryptocurrency mining revenue, exclusive of depreciation                  |                        |   |                  5,687 |   |     |     |                  4,451 |   |     |     |