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2 clusters · 7 sources · 1 days · First seen · Last updated

Soluna Holdings financial and operational performance

Overview

Soluna Holdings, a developer of renewable-powered data centers for Bitcoin mining and AI infrastructure, reported a 145% year-over-year revenue increase to $15.1 million for the quarter ending June 30. Despite this growth, the company reported a widened GAAP net loss of $22.6 million for the second quarter, up from $17.9 million in the first quarter.

Management attributed the increased losses to depreciation, ramp costs at Project Kati 1, and maintenance costs at the Briscoe Wind Farm. To fund operations and acquisitions, the company has utilized equity issuance, resulting in a 120% increase in outstanding common shares between December 2025 and June 2026.

On the operational side, the company completed the 48 MW Project Kati 1A and performed a 20 MW fleet upgrade at Project Dorothy 1A. Soluna is also advancing Project Kati 2 through a partnership with Metrobloks to provide over 100 MW of capacity for AI and high-performance computing.

Entities

Solo Brands, Inc. · Metrobloks · Spring Lane Capital · Blockware · Chubbies

Timeline

  1. 7 days ago

    [BUSINESS] 4 sources
    Soluna Holdings reports revenue growth amid widening net losses

    Soluna Holdings reported a 145% year-over-year revenue increase to $15.1 million for Q2, despite a widening net loss of $22.6 million driven by maintenance and ramp costs.

  2. 7 days ago

    [BUSINESS] 3 sources
    Solo Brands reports narrowed Q2 net loss and international expansion

    Solo Brands reported a narrowed Q2 2026 net loss of $4.4 million, driven by international growth and debt reduction despite a decline in direct-to-consumer sales.

Sources

blackmusic.com · cookoutnews.com · cryptoSlate.com · cryptosnewss.com · last10k.com · sgbonline.com · stocknews.com