XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total revenue $ 8,415 $ 7,525 $ 20,510 $ 29,749
Total costs of revenue 6,086 8,889 15,818 20,068
Operating expenses:        
General and administrative expenses, exclusive of depreciation and amortization 7,708 5,248 19,053 14,625
Depreciation and amortization associated with general and administrative expenses 2,401 2,404 7,207 7,209
Total general and administrative expenses 10,109 7,652 26,260 21,834
Impairment on fixed assets 12 130
Operating loss (7,780) (9,016) (21,580) (12,283)
Interest expense (1,212) (821) (3,246) (1,694)
Gain (loss) on debt extinguishment and revaluation, net 10,107 875 10,658 (1,888)
Loss on sale of fixed assets and credit on equipment deposit (780) (802) (21)
Fair value adjustment (loss) gain (22,047) 328 (22,165) (5,607)
Other financing expense (4,746) (5,203)
Other income (expense), net 5 (6) (280) (32)
Loss before income taxes (26,453) (8,640) (42,618) (21,525)
Income tax benefit, net 666 547 1,697 1,743
Net loss (25,787) (8,093) (40,921) (19,782)
(Less) Net loss (income) attributable to non-controlling interest 1,831 903 2,027 (3,535)
Net loss attributable to Soluna Holdings, Inc. $ (23,956) $ (7,190) $ (38,894) $ (23,317)
Basic and Diluted loss per common share:        
Basic loss per share $ (1.14) $ (1.56) $ (3.29) $ (7.15)
Diluted loss per share $ (1.14) $ (1.56) $ (3.29) $ (7.15)
Weighted average shares outstanding, Basic 26,983,023 6,388,335 15,683,072 4,320,546
Weighted average shares outstanding, Diluted 26,983,023 6,388,335 15,683,072 4,320,546
Cryptocurrency Mining Revenue [Member]        
Total revenue $ 2,769 $ 2,811 $ 8,630 $ 13,691
Total costs of revenue 1,708 1,963 5,428 5,687
Data Hosting Revenue [Member]        
Total revenue 5,257 4,271 10,795 14,446
Total costs of revenue 2,660 2,555 5,605 6,982
Demand Response Services [Member]        
Total revenue 389 443 1,057 1,612
High Performance Computing Service Revenue [Member]        
Total revenue 28
Total costs of revenue 2,859 7 2,859
Crypto Currency Mining Revenue Depreciation [Member]        
Total costs of revenue 1,053 1,068 3,200 3,220
Cost Of Revenue Depreciation [Member]        
Total costs of revenue $ 665 $ 444 $ 1,578 $ 1,320