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Accrued Liabilities | 9 Months Ended
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Sep. 30, 2025
Payables and Accruals [Abstract] |
Accrued Liabilities | 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 |
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 pay all of the unpaid fees that were payable over the entire term of the HPE Agreement. In accordance with the terms of the HPE Agreement, upon a termination for cause by HPE, CloudCo must pay HPE the remaining payment stream under the term of the HPE Agreement, including all upfront payments and monthly charges, plus any fees incurred for the terminated Services (as defined in the HPE Agreement). As of December 31, 2024, the Company reduced its prepaid assets and other long-term assets by approximately $8.6 million, increased termination liability by approximately $20.0 million and recorded a loss on contract of approximately $28.6 million to account for the termination of the contract and CloudCo’s contractual payments. The liability has been reduced to approximately $19.3 million as of September 30, 2025. CloudCo has not made any additional payments under the HPE Agreement since CloudCo notified HPE of its termination of the HPE Agreement.

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