Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 70

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 70
---
 revenue 
    $6,849  
    $-  
    $2,984  
    $769  
    $-  
    $10,602 
  
    Data
    hosting revenue 
     -  
     6,876  
     3,021  
     276  
     23  
     10,196 
  
    Demand
    response services 
     -  
     -  
     -  
     -  
     268  
     268 
  
    Total
    revenue 
     6,849  
     6,876  
     6,005  
     1,045  
     291  
     21,066 

    Cost
    of cryptocurrency mining, exclusive of depreciation 
    $3,358  
    $-  
    $2,206  
    $801  
    $-  
    $6,365 
  
    Cost
    of data hosting revenue, exclusive of depreciation 
     -  
     4,366  
     1,030  
     205  
     -  
     5,601 
  
    Cost
    of cryptocurrency mining revenue-depreciation 
     1,816  
     -  
     775  
     103  
     2  
     2,696 
  
    Cost
    of data hosting revenue- depreciation 
     -  
     755  
     379  
     33  
     -  
     1,167 
  
    Total
    cost of revenue 
     5,174  
     5,121  
     4,390  
     1,142  
     2  
     15,829 
  
    Gross
    profit (loss) 
    $1,675  
    $1,755  
    $1,615  
    $(97) 
    $289  
    $5,237 

48

Cryptocurrency
Mining Revenue: Cryptocurrency mining revenue increase year over year consists of revenue recognized from Soluna’s cryptocurrency
mining operations related to Project Dorothy 1B, which began energization in the third quarter of 2023. Project Marie discontinued site
operations in the second quarter of 2023 and Project Sophie