Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 81

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 81
---

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
June 30, 2024:

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

    Cryptocurrency mining revenue 
    $4,484  
    $-  
    $-  
    $-  
    $4,484 
  
    Data hosting revenue 
     -  
     3,567  
     1,331  
     -  
     4,898 
  
    Demand response services 
     -  
     -  
     -  
     293  
     293 
  
    Total revenue 
     4,484  
     3,567  
     1,331  
     293  
     9,675 

    Cost of cryptocurrency mining, exclusive of depreciation 
     1,883  
     -  
     -  
     -  
     1,883 
  
    Cost of data hosting revenue, exclusive of depreciation 
     -  
     1,758  
     418  
     -  
     2,176 
  
    Cost of cryptocurrency mining revenue- depreciation 
     1,065  
     -  
     -  
     -  
     1,065 
  
    Cost of data hosting revenue- depreciation 
     -  
     290  
     151  
     -  
     441 
  
    Total cost of revenue 
     2,948  
     2,048  
     569  
     -  
     5,565 
  
    Gross profit 
    $1,536  
    $1,519  
    $762  
    $293  
    $4,110 

47

Cryptocurrency
Mining Revenue: Cryptocurrency mining revenue decreased between the three months ended June