Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1288

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 1288
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     -  
     130 

    Segment operating income (loss)  
    $4,639  
    $6,336  
    $(34,711) 
    $(23,736)

     F-44 

For
the year ended December 31, 2023

    Cryptocurrency Mining  
    Data Center Hosting  
    High-Performance Computing Services  
    Total 
  
    Segment Revenue: Revenue from external customers 
    $10,602  
    $10,196  
    $-  
    $20,798 
  
    Reconciliation of revenue 

    Demand response revenue (a) 

     -  
     268 
  
    Total consolidated revenue 

     21,066 
  
    Less: Segment cost of revenue 

    Utility costs 
     3,960  
     3,242  
     -  
     7,202 
  
    Wages, benefits, and employee related costs 
     1,351  
     1,302  
     -  
     2,653 
  
    Facilities and Equipment costs 
     853  
     833  
     -  
     1,686 
  
    Cost of revenue- depreciation 
     2,696  
     1,167  
     -  
     3,863 
  
    Other cost of revenue* 
     320  
     379  
     -  
     699 
  
    Total segment cost of revenue 
     9,180  
     6,923  
     -  
     16,103 

    General and administrative expenses 
     634  
     716  
     -  
     1,350 

    Impairment on fixed assets 
     575  
     -  
     -  
     575 

    Segment operating income 
    $213  
    $2,557  
    $-  
    $2,770 

(a)Demand 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.

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