Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 21

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
17 
  
    2028 
     17 
  
    2029 
     17 
  
    Thereafter 
     253 
  
    Total 
    $10,593 

6.
Accrued Liabilities

Accrued
liabilities consist of the following at:

Schedule
of Accrued Liabilities 

    (Dollars in thousands) 
    September
    30, 2025  
    December
    31, 2024 

    Salaries, wages, and related expenses 
    $1,657  
    $552 
  
    Liability to shareholders for previous acquisition 
     363  
     363 
  
    Legal, audit, tax, and professional fees 
     1,796  
     537 
  
    Sales tax accrual 
     -  
     575 
  
    Real estate taxes accrual 
     537  
     182 
  
    Hosting and utility fees 
     1,922  
     1,036 
  
    Construction fees 
     4,852  
     2,211 
  
    Financing fee accrual 
     1,001  
     - 
  
    Membership distribution accrual 
     -  
     1,179 
  
    Other 
     298  
     150 
  
    Total 
    $12,426  
    $6,785 

    14

Contract
liability

    In June 2024, Soluna AL Cloudco, LLC (“CloudCo”), a subsidiary of Soluna Cloud, entered into an agreement
(the “HPE Agreement”) with Hewlett Packard Enterprise Company (“HPE”), with an initial pre-payment of $10.3 million
and a total commitment of $34 million over a 36-month period. On March 24, 2025, CloudCo notified HPE of its termination of the HPE Agreement
and, on March 26, 2025, HPE notified CloudCo of its termination of the HPE Agreement for cause, effective immediately, due to CloudCo’s
material breach of its payment obligations that remained uncured for more than thirty (30) days. The
HPE Agreement provided the Company access to datacenter and cloud services for AI and supercomputing applications utilizing NVIDIA H100
GPUs. In accordance with the terms of the HPE Agreement, CloudCo was required to