Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 84

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 value adjustment (loss)
    gain 
     (22,047) 
     328 
  
    Other
    income (expense), net 
     5  
     (6)
  
    Net
    loss before taxes 
    $(26,453) 
    $(8,640)

    (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.

    (b)
     
    The
    reconciling general and administrative expense, exclusive of depreciation and amortization represent corporate and unallocated general
    and administrative expenses for the three months ended September 30, 2025 and 2024.

The
following table details revenue, cost of revenues, and other operating costs for the Company’s reportable segments for nine months
ended September 30, 2025 and 2024, and reconciles to net income (loss) on the consolidated statements of operations:

For
the nine months ended September 30, 2025

    Cryptocurrency Mining  
    Data
                                            Center Hosting  
    High- Performance Computing Services  
    Total 
  
    Segment Revenue: Revenue from external
    customers 
    $8,630  
    $10,795  
    $28  
    $19,453 
  
    Reconciliation of revenue 

    Demand response service
    revenue (a) 

     1,057 
  
    Total consolidated revenue 

     20,510 
  
    Less: Segment cost of revenue 

    Utility costs 
     3,927  
     2,160  
     -  
     6,087 
  
    Wages, benefits, and employee
    related costs 
     588  
     1,668  
     7  
     2,263 
  
    Facilities and Equipment
    costs 
     701  
     1,448  
     -  
     2,149 
  
    Cost of revenue- depreciation 
     3,200  
     1,578  
     -  
     4,778 
  
    Other
    cost of revenue* 
     410  
     839  
     -  
     1,249 
  
    Total segment cost of revenue 
     8,826  
     7,693