Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 68

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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2024

    Cryptocurrency Mining  
    Data Center Hosting  
    High-Performance Computing Services  
    Total 
  
    Segment Revenue: Revenue from external customers 
    $6,396  
    $5,278  
    $-  
    $11,674 
  
    Reconciliation of revenue 

    Demand response revenue (a) 

     -  
     875 
  
     Total consolidated revenue 

     12,549 
  
    Less: Segment cost of revenue 

    Utility costs 
     1,377  
     1,357  
     -  
     2,734 
  
    Wages, benefits, and employee related costs 
     191  
     460  
     -  
     651 
  
    Facilities and Equipment costs 
     175  
     299  
     -  
     474 
  
    Cost of revenue- depreciation 
     1,087  
     436  
     -  
     1,523 
  
    Other cost of revenue* 
     178  
     217  
     -  
     395 
  
    Total segment cost of revenue 
     3,008  
     2,769  
     -  
     5,777 
  
    General and administrative expenses 
     29  
     35  
     -  
     64 
  
    Impairment on fixed assets 
     130  
     -  
     -  
     130 
  
    Segment operating income 
    $3,229  
    $2,474  
    $-  
    $5,703 

    (a)
     
    Demand response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.

    *
     
    Other cost of revenue includes insurance, outside service costs and margins, and general costs.

The following table presents
the reconciliation of segment operating income (loss) to net income (loss) before taxes:

    For the three months ended March 31, 

    2025  
    2024 
  
    Segment operating income 
    $338  
    $5,703 

    Reconciling Items: 

    Elimination of intercompany costs 
     65