Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 59

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 dispatch right, provided the Company can perform within certain parameters.
The Company can be providing any type of service at the data centers whether it be Cryptocurrency Mining, Data Center Hosting, or AI
to generate demand response service revenue.

    35

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

Schedule
of Segment Reporting Information 

For
the three months ended June 30, 2025

    Cryptocurrency
 Mining  
    Data Center
 Hosting  
    High-
Performance
 Computing
 Services  
    Total 
  
    Segment Revenue: Revenue from external customers 
    $2,861  
    $3,136  
    $-  
    $5,997 
  
    Reconciliation of revenue 

    Demand response revenue (a) 

     161 
  
    Total consolidated revenue 

     6,158 
  
    Less: Segment cost of revenue 

    Utility costs 
     1,278  
     471  
     -  
     1,749 
  
    Wages, benefits, and employee related costs 
     203  
     531  
     -  
     734 
  
    Facilities and Equipment costs 
     250  
     521  
     -  
     771 
  
    Cost of revenue- depreciation 
     1,074  
     512  
     -  
     1,586 
  
    Other cost of revenue* 
     148  
     364  
     -  
     512 
  
    Total segment cost of revenue 
     2,953  
     2,399  
     -  
     5,352 
  
    General and administrative expenses 
     40  
     94  
     110  
     244 
  
    Impairment on fixed assets 
     -  
     12  
     -  
     12 
  
    Segment operating income (loss) 
    $(132) 
    $631  
    $(110) 
    $389 

For
the three months ended June 30, 2024

    Cryptocurrency Mining