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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following table details revenue and cost of revenues for the Company’s reportable segments for three and nine months ended September 30, 2023 and 2022, and reconciles to net income (loss) on the consolidated statements of operations: Schedule of Segment Reporting Information
(Dollars in thousands) |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Reportable segment revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cryptocurrency mining revenue |  | $ | 1,786 |  |  | $ | 5,387 |  |  | $ | 5,497 |  |  | $ | 20,696 |
Data hosting revenue |  |  | 4,011 |  |  |  | 985 |  |  |  | 5,451 |  |  |  | 3,668 |
Total segment and consolidated revenue |  |  | 5,797 |  |  |  | 6,372 |  |  |  | 10,948 |  |  |  | 24,364 |
Reportable segment cost of revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of cryptocurrency mining revenue, exclusive of depreciation |  |  | 1,040 |  |  |  | 4,100 |  |  |  | 4,451 |  |  |  | 11,092 |
Cost of data hosting revenue, exclusive of depreciation |  |  | 2,150 |  |  |  | 1,078 |  |  |  | 3,181 |  |  |  | 3,192 |
Cost of revenue-depreciation |  |  | 1,200 |  |  |  | 6,010 |  |  |  | 2,364 |  |  |  | 15,872 |
Total segment and consolidated cost of revenues |  |  | 4,390 |  |  |  | 11,188 |  |  |  | 9,996 |  |  |  | 30,156 |
Reconciling items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  | 5,102 |  |  |  | 8,064 |  |  |  | 18,353 |  |  |  | 22,568 |
Impairment on fixed assets |  |  | 41 |  |  |  | 28,086 |  |  |  | 418 |  |  |  | 28,836 |
Impairment on equity investment |  |  | - |  |  |  | 750 |  |  |  | - |  |  |  | 750 |
Interest expense |  |  | 495 |  |  |  | 1,671 |  |  |  | 2,355 |  |  |  | 7,856 |
Loss on debt extinguishment and revaluation |  |  | 769 |  |  |  | 12,317 |  |  |  | 2,350 |  |  |  | 12,317 |
Loss on sale of fixed assets |  |  | 373 |  |  |  | 988 |  |  |  | 404 |  |  |  | 2,606 |
Other expense (income), net |  |  | 74 |  |  |  | (2 | ) |  |  | 301 |  |  |  | (2 | )
Income tax expense (benefit) from continuing operations |  |  | 569 |  |  |  | (547 | ) |  |  | (524 | ) |  |  | (1,344 | )
Net loss from continuing operations |  |  | (6,016 | ) |  |  | (56,143 | ) |  |  | (22,705 | ) |  |  | (79,379 | )
Income before income tax from discontinued operations |  |  | - |  |  |  | (21 | ) |  |  | - |  |  |  | 7,681 |
Income tax benefit from discontinued operations |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 70 |
Net income from discontinued operations |  |  | - |  |  |  | (21 | ) |  |  | - |  |  |  | 7,751 |
Net loss |  |  | (6,016 | ) |  |  | (56,164 | ) |  |  | (22,705 | ) |  |  | (71,628 | )
(Less) Net (income) loss attributable to non-controlling interest |  |  | (646 | ) |  |  | 272 |  |  |  | 206 |  |  |  | 272 |
Net loss attributable to Soluna Holdings, Inc. |  | $ | (6,662 | ) |  | $ | (55,892 | ) |  | $ | (22,499 | ) |  | $ | (71,356 | )
Capital expenditures |  |  | 9,639 |  |  |  | 9,249 |  |  |  | 12,534 |  |  |  | 61,867 |
Depreciation and amortization |  |  | 3,579 |  |  |  | 8,388 |  |  |  | 9,498 |  |  |  | 22,999 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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