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Accrued Liabilities | 12 Months Ended
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Dec. 31, 2025
Payables and Accruals [Abstract] |
Accrued Liabilities | Accrued Liabilities Accrued liabilities consist of the following at:
(Dollars in thousands) |  | December 31, 2025 |  | December 31, 2024
Salaries, wages and related expenses |  | $ | 2,204 |  |  | $ | 552 |
Liability to shareholders for previous acquisition |  | 363 |  |  | 363 |
Legal, audit, tax and professional fees |  | 1,786 |  |  | 537 |
Sales tax accrual |  | 146 |  |  | 575 |
Real estate taxes accrual |  | 453 |  |  | 182 |
Hosting and utility fees |  | 1,541 |  |  | 1,036 |
Financing fee accrual |  | 773 |  |  | — |
Construction fees |  | 2,252 |  |  | 2,211 |
Membership distribution accrual |  | 3,637 |  |  | 1,179 |
Other |  | 27 |  |  | 150 |
Total |  | $ | 13,182 |  |  | $ | 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 $34.0 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. As of December 31, 2025, the outstanding contract liability was approximately $19.3 million.

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