Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 105

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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 Operating loss 
     (7,780) 
     (9,016) 
     1,236  
     (14)%
  
    Other income (expense), net 
     5  
     (6) 
     11  
     (183)%
  
    Interest expense 
     (1,212) 
     (821) 
     (391) 
     48%
  
    Other financing expense 
     (4,746) 
     -  
     (4,746) 
     (100)%
  
    Loss on fixed assets and credit on equipment
    deposit 
     (780) 
     -  
     (780) 
     (100)%
  
    Fair value adjustment (loss) gain 
     (22,047) 
     328  
     (22,375) 
     (6,822)%
  
    Gain on debt extinguishment
    and revaluation, net 
     10,107  
     875  
     9,232  
     1,055%
  
    Loss before income taxes 
     (26,453) 
     (8,640) 
     (17,813) 
     206%
  
    Income tax benefit, net 
     666  
     547  
     119  
     22%
  
    Net loss 
     (25,787) 
     (8,093) 
     (17,694) 
     219%
  
    Net loss attributable
    to non-controlling interest, net 
     1,831  
     903  
     928  
     103%
  
    Net loss attributable
    to Soluna Holdings, Inc. 
    $(23,956) 
    $(7,190) 
    $(16,766) 
     233%

52

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
September 30, 2025:

    Soluna
    Digital 
  
    (Dollars in thousands) 
    Project