Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 71

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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The following discussion of our financial condition
and results of operations should be read in conjunction with the Condensed Consolidated Financial Statements and the related notes thereto
included in Item 1 of Part I of this Quarterly Report on Form 10-Q and the audited Consolidated Financial Statements and the related notes
thereto and Management’s Discussion and Analysis of Financial Condition and Results of Operations for the year ended December 31,
2024 contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the Securities and Exchange
Commission (the “SEC”) on March 31, 2025.

In addition to historical information, the following
discussion contains forward-looking statements, which involve risk and uncertainties. Our actual results could differ materially from
those anticipated in the forward-looking statements. Important factors that could cause actual results to differ include those set forth
in Part I Item 1A-Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and elsewhere in this Quarterly
Report on Form 10-Q. Readers should not place undue reliance on our forward-looking statements. These forward-looking statements speak
only as of the date on which the statements were made and are not guarantees of future performance. Except as may be required by applicable
law, we do not undertake or intend to update any forward-looking statements after the date of this Quarterly Report on Form 10-Q. Please
see “Statement Concerning Forward-Looking Statements” below.

Overview and Recent Developments

Our mission is to make renewable energy a global superpower
using computing as a catalyst.

We develop and operate digital infrastructure that
taps into a growing global opportunity: the convergence of renewable energy and High-Performance Computing (HPC). We call this model Renewable
Computing™.

Across the world, vast amounts of clean energy go
to waste due to curtailment. At the same time, there is a critical shortage of power for energy-intensive infrastructure like AI, HPC,
and Bitcoin mining. Renewable Computing™ bridges this gap—unlocking stranded renewable energy and turning it into scalable
computing power.

We build, own or co-own, and operate data centers
co-located with wind, solar, and hydroelectric plants. Our modular and scalable design supports high-throughput, batchable applications
such as Bitcoin, and soon, HPC/AI workloads. These facilities are managed by MaestroOS™,