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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Total revenue $ 29,717 $ 38,021
Operating costs:    
Depreciation 6,737 6,027
Total cost of revenue 23,259 28,627
Operating expenses:    
General and administrative expenses, exclusive of depreciation and amortization 30,519 18,581
Depreciation and amortization associated with general and administrative expenses 9,608 9,613
Total general and administrative expenses 40,127 28,194
Loss on contract 0 28,593
Impairment on fixed assets 12 130
Operating loss (33,681) (47,523)
Interest expense (4,835) (2,527)
Gain (loss) on debt extinguishment and revaluation, net 10,658 (1,644)
Fair value adjustment loss (23,681) (5,705)
Loss on sale of fixed assets and credit on equipment deposit (1,151) (31)
Other financing expense (5,917) (3,661)
Other (expense) income, net (700) 304
Loss before income taxes (59,307) (60,787)
Income tax benefit, net 2,316 2,487
Net loss (56,991) (58,300)
(Less) Net loss (income) attributable to non-controlling interest, net 3,580 (5,034)
Net loss attributable to Soluna Holdings, Inc. $ (53,411) $ (63,334)
Loss Per Common Share    
Basic (in dollars per share) $ (2.38) $ (14.94)
Diluted (in dollars per share) $ (2.38) $ (14.94)
Weighted average number of shares outstanding, basic (in shares) 29,048,848 5,109,339
Weighted average number of shares outstanding, diluted (in shares) 29,048,848 5,109,339
Cryptocurrency mining revenue    
Total revenue $ 11,406 $ 17,027
Operating costs:    
Cost, exclusive of depreciation 7,411 7,499
Depreciation 4,304 4,292
Data hosting revenue    
Total revenue 16,998 18,838
Operating costs:    
Cost, exclusive of depreciation 9,104 9,377
Depreciation 2,433 1,735
High-performance computing service revenue    
Total revenue 28 16
Operating costs:    
Cost, exclusive of depreciation 7 5,724
Demand response service revenue    
Total revenue $ 1,285 $ 2,140