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Soluna Revenue Jumps 58% in Q1 2026 as Data Center Hosting Offsets Weaker Bitcoin Mining

GateNews

2026-05-19 09:03:35

BTC0.02%

According to Soluna Holdings' earnings report released Monday, the digital infrastructure company's revenue rose 58% year-over-year to $9.4 million in the first quarter of 2026. Data center hosting generated $6.7 million in revenue, while cryptocurrency mining contributed $2.2 million, down from nearly $3 million a year earlier due to deteriorating Bitcoin mining economics.

The company ended the quarter with a net loss of $17.9 million and cash reserves of $68.6 million, as it continued expanding its infrastructure footprint including plans to grow its AI and high-performance computing business.

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