Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 60

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 Data Center Hosting  
    High- Performance Computing Services  
    Total 
  
    Segment Revenue: Revenue from external customers 
    $4,484  
    $4,898  
    $-  
    $9,382 
  
    Reconciliation of revenue 

    Demand response revenue (a) 

     -  
     293 

     9,675 
  
    Less: Segment cost of revenue 

    Utility costs 
     1,322  
     1,363  
     -  
     2,685 
  
    Wages, benefits, and employee related costs 
     190  
     468  
     -  
     658 
  
    Facilities and Equipment costs 
     336  
     323  
     -  
     659 
  
    Cost of revenue- depreciation 
     1,065  
     441  
     -  
     1,506 
  
    Other cost of revenue* 
     127  
     92  
     -  
     219 
  
    Total segment cost of revenue 
     3,040  
     2,687  
     -  
     5,727 
  
    General and administrative expenses 
     106  
     146  
     58  
     310 
  
    Impairment on fixed assets 
     -  
     -  
     -  
     - 
  
    Segment operating income 
    $1,338  
    $2,065  
    $(58) 
    $3,345 

    (a)
    Demand
    response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.

    *
    Other
    cost of revenue includes insurance, outside service costs and margins, and general costs.

    36

The
following table presents the reconciliation of segment operating income (loss) to net income (loss) before taxes:

    For the three months ended June 30, 

    2025  
    2024 
  
    Segment operating income 
    $389  
    $3,345 

    Reconciling Items: 

    Elimination of intercompany costs 
     381  
     162 
  
    Other revenue (a)