Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 147

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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 leases for the three months ended March 31, 2025 and 2024.

Other information related to leases was as follows:

 Schedule
of Other Information Related to Leases

    Three Months Ended March 31, 2025  
    Three Months Ended March 31, 2024 
  
    Weighted Average Remaining Lease Term (in years): 

    Operating leases 
     5.53  
     4.54 

    Weighted Average Discount Rate: 

    Operating leases 
     7.68% 
     8.10%

Supplemental cash flows information related to leases
for the three months ended March 31 was as follows:

    (Dollars in thousands) 

    2025  
    2024 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash flows from operating leases 
    $21  
    $61 

    24

Maturities of noncancellable operating lease liabilities
are as follows for the quarter ending March 31:

 Schedule of Maturity of Operating
Lease Liabilities

    (Dollars in thousands) 

    2025 
  
    2025 (remainder of year) 
    $62 
  
    2026 
     82 
  
    2027 
     82 
  
    2028 
     29 
  
    2029 
     29 
  
    Thereafter 
     88 
  
    Total lease payments 
     372 
  
    Less: imputed interest 
     (74)
  
    Total lease obligations 
     298 
  
    Less: current obligations 
     62 
  
    Long-term lease obligations 
    $236 

As of March 31, 2025, there were no additional operating
lease commitments that had not yet commenced. On April 3, 2025, Soluna KK Energy ServiceCo., LLC, a subsidiary of the Company, entered
into a lease agreement for 50 acres of property located in Willacy County, Texas for the purpose of constructing, installing, operating,
and maintaining modular data centers and related facilities for a leased term of twenty-two years.

Project Dorothy 2 and Project Kati Commitments:

As of March 31, 2025, the Company was contractually
committed for approximately $10.4 million of capital expenditures, primarily related to infrastructure builds, equipment