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Segment Information (Tables)

9 Months Ended

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

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No definition available.

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