Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current Assets:
Cash	$ 68,572	$ 76,423
Restricted cash	9,493	4,500
Accounts receivable, net (allowance for expected credit losses of $0 at March 31, 2026 and $244 at December 31, 2025)	5,456	5,522
Prepaid expenses and other current assets	4,178	2,664
Loan commitment assets	3,018	3,018
Total Current Assets	90,717	92,127
Restricted cash, noncurrent	7,920	7,920
Other assets	963	978
Deposits and credits on equipment	3,333	1,377
Property, plant and equipment, net	79,516	74,783
Intangible assets, net	5,932	8,261
Operating lease right-of-use assets	244	252
Financing lease right-of-use assets	1,795	2,246
Total Assets	190,420	187,944
Current Liabilities:
Accounts payable, related party	4,218	4,859
Accrued liabilities	15,568	13,182
Accrued interest payable	346	303
Contract termination liability	19,348	19,348
Current portion of debt	10,041	8,858
Income tax payable	129	123
Deferred revenue	537	518
Customer deposits- current	1,640	1,913
Operating lease liability	62	65
Financing lease liability	22	20
Total Current Liabilities	51,911	49,189
Other liabilities	946	743
Customer deposits- long-term	3,061	2,533
Long-term debt	15,910	17,899
Operating lease liability	182	187
Financing lease liability	1,775	2,236
Deferred tax liability, net	2,279	2,911
Total Liabilities	76,064	75,698
Commitments and Contingencies (Note 10)
Mezzanine Equity:
Placement agent warrants	1,313	1,313
Equity:
Common stock, par value $0.001 per share, authorized 375,000,000; 111,803,635 shares issued and 111,717,040 shares outstanding as of March 31, 2026 and 102,617,684 shares issued and 102,531,089 shares outstanding as of December 31, 2025	112	103
Additional paid-in capital	446,183	435,030
Accumulated deficit	(385,181)	(367,715)
Common stock in treasury, at cost, 86,595 shares at March 31, 2026 and December 31, 2025	(13,873)	(13,873)
Total Soluna Holdings, Inc. Stockholders’ Equity (Deficit)	47,246	53,550
Non-Controlling Interest	65,797	57,383
Total Equity	113,043	110,933
Total Liabilities, Mezzanine Equity, and Equity	190,420	187,944
Series A Preferred Stock
Equity:
Preferred stock value	5	5
Series B Preferred Stock
Equity:
Preferred stock value	$ 0	$ 0