Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 216

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 216
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 included within the three reportable segments. The
Company utilizes its data centers to deliver demand response services to grid operators or utilities. Under these arrangements with a
grid operator, the Company agrees to be available to ramp down a registered data center’s power consumption to a specific target
level. In exchange, the grid pays the company a fee for this 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.

The
following table details revenue, cost of revenues, and other operating costs for the Company’s reportable segments for three months
ended September 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 September 30, 2025

    Cryptocurrency Mining  
    Data
                                            Center Hosting  
    High-
                                            Performance Computing
                                            Services  
    Total 
  
    Segment Revenue: Revenue from external
    customers 
    $2,769  
    $5,257  
    $       -  
    $8,026 
  
    Reconciliation of revenue 

    Demand response service
    revenue (a) 

     389 
  
    Total consolidated revenue 

     8,415 
  
    Less: Segment cost of revenue 

    Utility costs 
     1,237  
     1,308  
     -  
     2,545 
  
    Wages, benefits, and employee
    related costs 
     167  
     665  
     -  
     832 
  
    Facilities and Equipment
    costs 
     243  
     556  
     -  
     799 
  
    Cost of revenue- depreciation 
     1,053  
     665  
     -  
     1,718 
  
    Other
    cost of revenue* 
     123  
     330  
     -  
     453 
  
    Total segment cost of revenue 
     2,823  
     3,524  
     -  
     6,347 
  
    General and administrative
    expenses 
     3  
     874