Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table details revenue and cost of revenues for the Company’s reportable segments for three and nine months ended September 30, 2024 and 2023, and reconciles to net income (loss) on the consolidated statements of operations:

(Dollars in thousands)	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Reportable segment revenue:
Cryptocurrency mining revenue	$	2,811		$	1,786		$	13,691		$	5,497
Data hosting revenue		4,271			4,011			14,446			5,451
High-performance computing service revenue		-			-			-			-
Demand response service revenue		443			-			1,612			-
Total segment and consolidated revenue		7,525			5,797			29,749			10,948
Reportable segment cost of revenue:
Cost of cryptocurrency mining revenue, exclusive of depreciation		1,963			1,040			5,687			4,451
Cost of data hosting revenue, exclusive of depreciation		2,555			2,150			6,982			3,181
Cost of high-performance computing services		2,859			-			2,859			-
Cost of revenue-depreciation		1,512			1,200			4,540			2,364
Total segment and consolidated cost of revenues		8,889			4,390			20,068			9,996
Reconciling items:
General and administrative expenses		7,652			5,102			21,834			18,353
Impairment on fixed assets		-			41			130			418
Interest expense		821			495			1,694			2,355
(Gain) loss on debt extinguishment and revaluation, net		(1,203	)		769			7,495			2,350
Loss on sale of fixed assets		-			373			21			404
Other expense, net		6			74			32			301
Income tax (benefit) expense from operations		(547	)		569			(1,743	)		(524	)
Net loss		(8,093	)		(6,016	)		(19,782	)		(22,705	)
(Less) Net loss (income) attributable to non-controlling interest		903			(646	)		(3,535	)		206
Net loss attributable to Soluna Holdings, Inc.	$	(7,190	)	$	(6,662	)	$	(23,317	)	$	(22,499	)
Capital expenditures		3,542			9,639			3,820			12,534
Depreciation and amortization		3,915			3,579			11,750			9,498