Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 229

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 229
---
 the various components of our
net loss during the three months ended March 31, 2025 compared to the three months ended March 31, 2024.

    (Dollars in thousands)
     
    Three months ended March 31, 2025

    Three months ended March 31, 2024

    $
    Change

    %
    Change

    Cryptocurrency mining revenue
     
    $
    2,999

     $
    6,396

     $
    (3,397)

    (53)
    %
  
    Data hosting revenue

    2,402

    5,278

    (2,876)

    (54)
    %
  
    Demand response service revenue

    507

    875

    (368)

    (42)
    %
  
    High-performance computing service revenue

    28

    -

    28

    100
    %
  
    Operating costs and expenses:

    Cost of cryptocurrency mining revenue, exclusive of depreciation

    1,954

    1,841

    113

    6
    %
  
    Cost of data hosting revenue, exclusive of depreciation

    1,327

    2,251

    (924)

    (41)
    %
  
    Cost of high-performance computing service revenue

    7

    -

    7

    100
    %
  
    Cost of cryptocurrency mining revenue- depreciation

    1,074

    1,087

    (13)

    (1)
    %
  
    Cost of data hosting revenue- depreciation

    401

    436

    (35)

    (8)
    %
  
    General and administrative expenses, exclusive of depreciation and amortization

    5,946

    3,994

    1,952

    49
    %
  
    Depreciation and amortization associated with general and administrative expenses

    2,404

    2,403

    1

    -
    %
  
    Impairment on fixed assets

    -

    130

    (130
    )

    (100
    )%
  
    Operating (loss) profit

    (7,177
    )

    407

    (7,584
    )

    (1,863)
    %
  
    Other (expense) income, net

    (315
    )