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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Total revenue $ 9,394 $ 5,936
Operating costs:    
Depreciation 2,202 1,475
Total costs of revenue 7,479 4,763
Operating expenses:    
General and administrative expenses, exclusive of depreciation and amortization 16,140 5,946
Depreciation and amortization associated with general and administrative expenses 2,401 2,404
Total general and administrative expenses 18,541 8,350
Operating loss (16,626) (7,177)
Interest expense (1,481) (838)
Gain on debt extinguishment and revaluation, net 0 551
Gain on sale of fixed assets 32 0
Fair value adjustment loss 0 (118)
Other financing expense (564) (201)
Other income, net 113 4
Loss before income taxes (18,526) (7,779)
Income tax benefit, net 624 425
Net loss (17,902) (7,354)
(Less) Net loss (income) attributable to non-controlling interest 436 (202)
Net loss attributable to Soluna Holdings, Inc. $ (17,466) $ (7,556)
Basic and Diluted loss per common share:    
Basic loss per common share (in dollars per share) $ (0.24) $ (1.21)
Diluted loss per common share (in dollars per share) $ (0.24) $ (1.21)
Weighted average shares outstanding, basic (in shares) 84,101,320 8,719,351
Weighted average shares outstanding, diluted (in shares) 84,101,320 8,719,351
Cryptocurrency mining revenue    
Total revenue $ 2,169 $ 2,999
Operating costs:    
Cost, exclusive of depreciation 1,658 1,954
Depreciation 1,011 1,074
Data hosting revenue    
Total revenue 6,688 2,402
Operating costs:    
Cost, exclusive of depreciation 3,619 1,327
Depreciation 1,191 401
Demand response service revenue    
Total revenue 537 507
High-performance computing service revenue    
Total revenue 0 28
Operating costs:    
Cost, exclusive of depreciation $ 0 $ 7