Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 264

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 264
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 |     |   |   53,359 |   |
| Total                                                                                                                                
 Liabilities and Stockholders’ Equity                                                                                                 |                               | $ |    97,349 |   |     | $ |   91,276 |   |

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

| F-51 |

<div align='center'>Soluna Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations (Unaudited)

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

| (Dollars in thousands, except per share)                                          |     |               2024 |           |   |     | 2023 |           |   |     |              2024 |           |   |     | 2023 |           |   |
|                                                                                   |     | Three Months Ended |           |   |     |      |           |   |     | Nine Months Ended |           |   |     |      |           |   |
|                                                                                   |     |      September 30, |           |   |     |      |           |   |     |     September 30, |           |   |     |      |           |   |
| (Dollars in thousands, except per share)                                          |     |               2024 |           |   |     | 2023 |           |   |     |              2024 |           |   |     | 2023 |           |   |
| Cryptocurrency mining revenue                                                     |     |                  $ |     2,811 |   |     |    $ |     1,786 |   |     |                 $ |    13,691 |   |     |    $ |     5,497 |   |
| Data hosting revenue                                                              |     |                    |     4,271 |   |     |      |     4,011 |   |     |                   |    14,446 |   |     |      |     5,451 |   |
| High-performance computing service revenue                                        |     |                    |         - |   |     |      |         - |   |     |                   |         - |   |     |      |         - |   |
| Demand response service revenue                                                   |     |                    |       443 |   |     |      |         - |   |     |                   |     1,612 |