Soluna Holdings, Inc (SLNH) Form 10-Q — May 15, 2026
Soluna Holdings reported Q1 2026 revenue of $9.4 million, a 58% increase year-over-year, driven primarily by growth in its data center hosting segment which now accounts for 71% of total revenue. Despite top-line growth, the company posted a net loss of $17.5 million, exacerbated by $18.5 million in general and administrative expenses and a $19.3 million contract termination liability stemming from a terminated agreement with Hewlett Packard Enterprise. The filing highlights significant capital deployment in subsequent events, including the $53 million acquisition of the Briscoe Wind Farm and the $16.5 million purchase of the remaining interest in Project Dorothy 1A.
Key figures
- Revenue
- 9394000
- Revenue Yoy
- 58.3%
- Cash Position
- 68572000
- Shares outstanding
- 111717040
- New promissory note
- 12000000
- Briscoe acquisition value
- 53000000
- Dorothy 1a acquisition value
- 16500000
- Contract termination liability
- 19348000
- Preferred dividends in arrears
- 32400000
Price after filing
Close on the filing date to close N calendar days later (from $2.16). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.