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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 51,371 $ 7,843
Restricted cash 3,630 1,150
Accounts receivable, net (allowance for expected credit losses of $244 at September 30, 2025 and December 31, 2024) 4,408 2,693
Prepaid expenses and other current assets 3,522 1,781
Loan commitment assets 3,474
Equipment held for sale 28
Total Current Assets 66,405 13,495
Restricted cash, noncurrent 5,460 1,460
Other assets 1,090 2,724
Deposits and credits on equipment 813 5,145
Property, plant and equipment, net 63,999 47,283
Intangible assets, net 10,593 17,620
Operating lease right-of-use assets 3,675 313
Total Assets 152,035 88,040
Current Liabilities:    
Accounts payable 4,860 2,840
Accrued liabilities 12,426 6,785
Accrued interest payable 342 2,275
Contract liability 19,348 20,015
Current portion of debt 9,999 14,444
Income tax payable 71 37
Warrant liability 7,225
Customer deposits 1,823 1,416
Operating lease liability 96 61
Total Current Liabilities 56,190 47,873
Other liabilities 2,001 235
Long-term debt 13,254 7,061
Operating lease liability 3,583 252
Deferred tax liability, net 3,542 5,257
Total Liabilities 78,570 60,678
Commitments and Contingencies (Note 10)
Stockholders’ Equity:    
Common stock, par value $0.001 per share, authorized 75,000,000; 64,092,531 shares issued and 64,051,790 shares outstanding as of September 30, 2025 and 10,647,761 shares issued and 10,607,020 shares outstanding as of December 31, 2024 64 11
Additional paid-in capital 381,399 315,607
Accumulated deficit (353,198) (314,304)
Common stock in treasury, at cost, 40,741 shares at September 30, 2025 and December 31, 2024 (13,798) (13,798)
Total Soluna Holdings, Inc. Stockholders’ Equity (Deficit) 14,472 (12,479)
Non-Controlling Interest 58,993 39,841
Total Stockholders’ Equity 73,465 27,362
Total Liabilities and Stockholders’ Equity 152,035 88,040
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 5 5
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value