Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1105

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 1105
---
,593  
     100%
  
    Impairment on fixed assets 
     130  
     575  
     (445) 
     (77)%
  
    Operating loss 
     (47,523) 
     (20,241) 
     (27,282) 
     135%
  
    Other expense, net 
     (3,357) 
     (1,479) 
     (1,878) 
     127%
  
    Interest expense 
     (2,527) 
     (2,748) 
     221  
     (8)%
  
    Loss on sale of fixed assets 
     (31) 
     (398) 
     367  
     (92)%
  
    Loss on debt extinguishment and revaluation, net 
     (7,349) 
     (3,904) 
     (3,445) 
     88%
  
    Loss before income taxes 
     (60,787) 
     (28,770) 
     (32,017) 
     111%
  
    Income tax benefit, net 
     2,487  
     1,067  
     1,420  
     133%
  
    Net loss 
     (58,300) 
     (27,703) 
     (30,597) 
     110%
  
    Net income attributable to non-controlling interest, net 
     (5,034) 
     (1,498) 
     (3,536) 
     236%
  
    Net loss attributable to Soluna Holdings, Inc. 
    $(63,334) 
     (29,201) 
     (34,133) 
     117%

47

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 year ended December
31, 2024:

    Soluna
    Digital  
    Soluna
    Cloud  

    (Dollars
    in thousands) 
    Project
    Dorothy 1B  
    Project