Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 113

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 113
---
 
     (781) 
     3,719%
  
    Fair value adjustment loss 
     (22,165) 
     (5,607) 
     (16,558) 
     295%
  
    Gain (loss) on debt extinguishment
    and revaluation, net 
     10,658  
     (1,888) 
     12,546  
     (665)%
  
    Loss before income taxes 
     (42,618) 
     (21,525) 
     (21,093) 
     98%
  
    Income tax benefit, net 
     1,697  
     1,743  
     (46) 
     (3)%
  
    Net loss 
     (40,921) 
     (19,782) 
     (21,139) 
     107%
  
    Net loss (income) attributable
    to non-controlling interest, net 
     2,027  
     (3,535) 
     5,562  
     (157)%
  
    Net loss attributable
    to Soluna Holdings, Inc. 
    $(38,894) 
    $(23,317) 
    $15,577  
     67%

56

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 nine months ended
September 30, 2025:

    Soluna
    Digital  
    Soluna
    Cloud  

    (Dollars in thousands) 
    Project
    Dorothy 1B  
    Project
    Dorothy 1A  
    Project
    Dorothy 2  
    Project
    Sophie  
    Other  
    Soluna
    Digital Subtotal  
    Project
                                             Ada  
    Total 

    Cryptocurrency mining revenue 
    $8,630  
    $-  
    $-  
    $-  
    $-  
    $8,630  
    $-  
    $8,630 
  
    Data hosting revenue 
     -