Soluna Holdings Files Q3 2024 10-Q

TL;DR

Soluna Holdings Q3 2024 10-Q is in: Crypto mining & data hosting revenues reported vs. last year. Preferred stock details updated.

AI Summary

Soluna Holdings, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported cryptocurrency mining revenue and data hosting revenue for the third quarter and the first nine months of 2024, comparing these figures to the same periods in 2023. The filing also details preferred stock information, including Series A and Series B preferred stock as of September 30, 2024, and December 31, 2023.

Why It Matters

This filing provides investors with the latest financial performance data for Soluna Holdings, Inc., crucial for understanding the company's operational results and financial position in the cryptocurrency and data hosting sectors.

Risk Assessment

Risk Level: medium — The company operates in the volatile cryptocurrency mining and data hosting sectors, which are subject to significant market fluctuations and regulatory changes.

Key Numbers

• Q3 2024 — Reporting Period (Third quarter financial results)
• First Nine Months 2024 — Reporting Period (Year-to-date financial results)
• 2023-12-31 — Prior Period End (Comparison point for financial data)

Key Players & Entities

• Soluna Holdings, Inc. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-11-14 (date) — Filing date
• SLNH:CryptocurrencyMiningRevenueMember (dollar_amount) — Revenue category
• SLNH:DataHostingRevenueMember (dollar_amount) — Revenue category
• us-gaap:SeriesAPreferredStockMember (dollar_amount) — Preferred stock type
• us-gaap:SeriesBPreferredStockMember (dollar_amount) — Preferred stock type

FAQ

Key Financial Figures

• $0.001 — registered Common Stock, par value $0.001 per share SLNH The Nasdaq Stock Mar

Filing Documents

• form10-q.htm (10-Q) — 2245KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-045722.txt ( ) — 10389KB
• slnh-20240930.xsd (EX-101.SCH) — 70KB
• slnh-20240930_cal.xml (EX-101.CAL) — 81KB
• slnh-20240930_def.xml (EX-101.DEF) — 426KB
• slnh-20240930_lab.xml (EX-101.LAB) — 559KB
• slnh-20240930_pre.xml (EX-101.PRE) — 488KB
• form10-q_htm.xml (XML) — 1613KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 4 Item 1.

Financial Statements

Financial Statements 4 Condensed Consolidated Balance Sheets As of September 30, 2024 (Unaudited) and December 31, 2023 4 Condensed Consolidated Statements of Operations (Unaudited) For the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Equity For the Year Ended December 31, 2023 and the Three and Nine Months Ended September 30, 2024 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows (Unaudited) For the Nine Months Ended September 30, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 54 Item 4.

Controls and Procedures

Controls and Procedures 55

OTHER INFORMATION

PART II. OTHER INFORMATION 56 Item 1.

Legal Proceedings

Legal Proceedings 56 Item 1A.

Risk Factors

Risk Factors 57 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 57 Item 3. Defaults Upon Senior Securities 57 Item 4. Mine Safety Disclosures 57 Item 5. Other Information 57 Item 6. Exhibits 57

SIGNATURES

SIGNATURES 58 1 Glossary of Abbreviations and Acronyms for Selected References The following list defines various abbreviations and acronyms used throughout this report, including Management's Discussion and Analysis of Financial Condition and Results of Operations, the Condensed Consolidated Financial Statements, the Condensed Notes to Consolidated

Financial Statements and the Condensed Financial Statement Schedules

Financial Statements and the Condensed Financial Statement Schedules. This glossary covers essential terms related to Bitcoin mining, high-performance computing, Artificial Intelligence ("AI") and related fields, providing valuable context for readers of the Form10-Q. A number of cross-references to additional information included throughout this Quarterly Report on Form 10-Q are also utilized throughout this report, to assist readers seeking additional information related to a particular subject. 1. Artificial Intelligence ("AI" ): The simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using rules to reach approximate or definite conclusions), and self-correction. AI applications include expert systems, natural language processing, speech recognition, and machine vision. 2. Bitcoin : A decentralized digital currency created in 2009 by an unknown person or group of people using the name Satoshi Nakamoto. It operates on a peer-to-peer network, allowing direct transactions without intermediaries. Transactions are verified by network nodes through cryptography and recorded on a publicly distributed ledger called a blockchain. 3. Bitcoin Halving : An event occurring approximately every four years where the reward for mining new Bitcoin blocks is halved. This reduces the number of new Bitcoins generated by miners, impacting their profitability and potentially affecting Bitcoin's value. It's part of Bitcoin's deflationary monetary policy, designed to control supply. 4. Bitcoin Mining : The process of adding new transactions to the Bitcoin blockchain. It involves solving complex cryptographic puzzles to discover a new block, rewarding miners with transaction fees and newly created Bitcoins. This process secures and verifies transactions on the network. 5. Curtailment ("Curtailed" or "Curtailments"): In energy manage

View Full Filing

View this 10-Q filing on SEC EDGAR