Soluna Holdings, Inc. ( (SLNH) ) has released its Q3 earnings. Here is a breakdown of the information Soluna Holdings, Inc. presented to its investors.
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Soluna Holdings, Inc. is a company that develops green data centers for intensive computing applications, including Bitcoin mining and AI, strategically co-located with renewable energy sources like wind, solar, or hydroelectric power plants. The company aims to transform surplus renewable energy into global computing resources using its proprietary software MaestroOS(™).
In its third-quarter earnings report for 2025, Soluna Holdings announced a 37% increase in revenue compared to the previous quarter, reaching a gross profit margin of 28%. The company also reported a significant increase in cash reserves, now totaling $60 million, reflecting strong financial performance and strategic capital management.
Key highlights from the report include the closing of a $100 million credit facility with Generate Capital, the launch of Project Kati 1, and the expansion of partnerships with Galaxy Digital. Soluna also regained compliance with Nasdaq listing requirements and surpassed 4 EH/s of hash rate under management, marking significant operational milestones.
Despite these achievements, Soluna reported a net loss of $25.8 million for the quarter, primarily due to fair value adjustments and other financing expenses. However, the company successfully raised over $64 million in capital during the quarter, strengthening its financial position to support future growth initiatives.
Looking ahead, Soluna’s management remains optimistic about accelerating growth in its existing business and expanding into the AI market, leveraging its strengthened capital structure and strategic partnerships to drive future success.