v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenue $ 15,060 $ 6,158 $ 24,454 $ 12,094
Operating costs:        
Depreciation 3,411 1,586 5,613 3,060
Total costs of revenue 14,294 4,970 21,773 9,733
Operating expenses:        
General and administrative expenses, exclusive of depreciation and amortization 15,239 5,397 31,379 11,344
Depreciation and amortization associated with general and administrative expenses 2,400 2,403 4,801 4,807
Total general and administrative expenses 17,639 7,800 36,180 16,151
Impairment on intangibles 70 0 70 0
Impairment on fixed assets 0 12 0 12
Operating loss (16,943) (6,624) (33,569) (13,802)
Interest expense (3,167) (1,196) (4,648) (2,034)
(Loss) gain on debt extinguishment and revaluation, net (4,197) 0 (4,197) 551
Loss on sale of fixed assets and deposits on equipment (585) (22) (553) (22)
Fair value adjustment gain (loss) 246 0 246 (118)
Other financing expense (5) (255) (569) (456)
Other income (expense), net 1,480 (291) 1,593 (286)
Loss before income taxes (23,171) (8,388) (41,697) (16,167)
Income tax benefit, net 547 608 1,171 1,033
Net loss (22,624) (7,780) (40,526) (15,134)
(Less) Net loss (income) attributable to non-controlling interest 1,915 398 2,351 196
Net loss attributable to Soluna Holdings, Inc. $ (20,709) $ (7,382) $ (38,175) $ (14,938)
Basic and Diluted loss per common share:        
Basic loss per share (in dollars per share) $ (0.18) $ (0.93) $ (0.41) $ (2.10)
Diluted loss per share (in dollars per share) $ (0.18) $ (0.93) $ (0.41) $ (2.10)
Weighted average shares outstanding, basic (in shares) 130,975,761 11,146,141 107,668,028 9,939,450
Weighted average shares outstanding, diluted (in shares) 130,975,761 11,146,141 107,668,028 9,939,450
Cryptocurrency mining revenue        
Total revenue $ 1,720 $ 2,861 $ 3,889 $ 5,860
Operating costs:        
Cost, exclusive of depreciation 958 1,767 2,616 3,721
Depreciation 992 1,074 2,047 2,147
Data hosting revenue        
Total revenue 12,653 3,136 19,341 5,538
Operating costs:        
Cost, exclusive of depreciation 7,672 1,617 11,291 2,945
Depreciation 1,366 512 2,513 913
Wind energy generation revenue        
Total revenue 366 0 366 0
Operating costs:        
Cost, exclusive of depreciation 2,253 0 2,253 0
Depreciation 1,053 0 1,053 0
Demand response service revenue        
Total revenue 321 161 858 668
High-performance computing service revenue        
Total revenue 0 0 0 28
Operating costs:        
Cost, exclusive of depreciation $ 0 $ 0 $ 0 $ 7