Earnings ·
Soluna Holdings reported Q2 2026 revenue of $15.1 million, a 145% year-over-year increase, driven by data hosting…
SLNHSoluna Holdings, Inc
Soluna Holdings reported Q2 2026 revenue of $15.1 million, a 145% year-over-year increase, driven by data hosting growth and the Briscoe wind farm acquisition. The company posted a net loss of $22.6 million, impacted by a $4.2 million debt extinguishment loss and new depreciation expenses. Soluna completed vertical integration at Project Dorothy by acquiring remaining interests for approximately $78.3 million total. It signed a joint venture with Metrobloks for Project Kati 2 (100 MW Phase I) and appointed Ryan Carver as Chief Development Officer. The development pipeline expanded to 6.3 GW, including 583 MW of new AI-focused sites. Soluna raised $23.6 million via its ATM program post-quarter-end and holds $113.4 million in cash. Soluna Holdings designs, develops, and operates green data centers co-located with renewable energy sources for Bitcoin mining and artificial intelligence workloads.