Soluna Holdings announces Q2 financial results: revenue of $6.2 million, net loss down $1.4 million year-over-year
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最新报道：Soluna Holdings, a Nasdaq-listed company developing green data centers for intensive computing applications such as Bitcoin mining and artificial intelligence, announced its financial results for the second quarter ended June 30, 2025. Net loss decreased by $1.4 million year-over-year, and adjusted EBITDA decreased by $3 million year-over-year (Q2 2024 vs. Q2 2025). This was primarily due to the impact of the Bitcoin halving in April 2024 and hash price fluctuations (approximately $600,000), as well as the reduction in the number of machines online and the resulting decline in efficiency at Dorothy 1B. Professional fees increased by $0.2 million, including legal fees and compliance costs related to the backup equity purchase agreement. Revenue for the second quarter of 2025 was $6.2 million, a year-over-year decrease of $3.5 million. Four main factors contributed to the decline: the Bitcoin halving and subsequent hash price volatility ($2 million), a shift in the business model toward greater profit sharing (fully offset by a $0.8 million cost reduction, with no impact on gross profit), a decrease in self-operated mining due to reduced mining rig availability and efficiency ($0.6 million), and a decrease in demand response services ($0.1 million, primarily due to increased ERCOT participation).
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