v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenue $ 6,158 $ 9,675 $ 12,094 $ 22,224
Total costs of revenue 4,970 5,565 9,733 11,180
Operating expenses:        
General and administrative expenses, exclusive of depreciation and amortization 5,397 5,382 11,344 9,378
Depreciation and amortization associated with general and administrative expenses 2,403 2,403 4,807 4,805
Total general and administrative expenses 7,800 7,785 16,151 14,183
Impairment on fixed assets 12 12 130
Operating loss (6,624) (3,675) (13,802) (3,269)
Interest expense (1,196) (449) (2,034) (873)
(Loss) gain on debt extinguishment and revaluation, net (5,600) 551 (8,698)
Loss on sale of fixed assets (22) (21) (22) (21)
Other expense, net (546) (49) (860) (25)
Loss before income taxes (8,388) (9,794) (16,167) (12,886)
Income tax benefit, net 608 649 1,033 1,197
Net loss (7,780) (9,145) (15,134) (11,689)
(Less) Net (loss) income attributable to non-controlling interest (398) 1,728 (196) 4,438
Net loss attributable to Soluna Holdings, Inc. $ (7,382) $ (10,873) $ (14,938) $ (16,127)
Basic and Diluted loss per common share:        
Basic loss per share $ (0.69) $ (2.97) $ (1.55) $ (5.68)
Diluted loss per share $ (0.69) $ (2.97) $ (1.55) $ (5.68)
Weighted average shares outstanding, Basic 14,991,125 4,563,696 13,473,983 3,683,558
Weighted average shares outstanding, Diluted 14,991,125 4,563,696 13,473,983 3,683,558
Cryptocurrency Mining Revenue [Member]        
Total revenue $ 2,861 $ 4,484 $ 5,860 $ 10,880
Total costs of revenue 1,767 1,883 3,721 3,724
Data Hosting Revenue [Member]        
Total revenue 3,136 4,898 5,538 10,176
Total costs of revenue 1,617 2,176 2,945 4,427
Demand Response Services [Member]        
Total revenue 161 293 668 1,168
High Performance Computing Service Revenue [Member]        
Total revenue 28
Total costs of revenue 7
Crypto Currency Mining Revenue Depreciation [Member]        
Total costs of revenue 1,074 1,065 2,147 2,152
Cost of Revenue Depreciation [Member]        
Total costs of revenue $ 512 $ 441 $ 913 $ 877