Soluna Q1 Revenue Reaches $9.4M, Up 58% Year-Over-Year as Data Center Hosting Offsets Mining Decline

According to The Block, Soluna Holdings reported first-quarter revenue of $9.4 million, up 58% year-over-year and marking the fourth consecutive quarter of sequential growth. Data center hosting generated $6.7 million, while cryptocurrency mining contributed $2.2 million, down from approximately $3 million in the prior-year quarter. Net loss widened to $17.9 million from $10.5 million year-over-year, driven by increased equity compensation, interest, and financing costs. Adjusted EBITDA loss narrowed slightly to $2.1 million. The company held $68.6 million in cash at quarter-end.