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Soluna Holdings, Inc. SLNH Cryptocurrency Mining — Utility costs

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Other financials

Income statement

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Revenue$9.4M+58.3%
Gross profit$1.9M+63.3%
Operating income-$16.6M-132%
Net income-$17.5M-131%
EPS (diluted)-$0.24+80.2%

Balance sheet

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Cash & equivalents$68.6M+649%
Total debt$28.0M+167%
Total equity$47.2M+394%
Total assets$190.4M+111%

Cash flow

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Operating cash flow-$6.4M-3,500%
CapEx$2.6M-27.4%
Free cash flow-$8.9M-141%

Valuation

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Market cap$187.72M+1,757%
Enterprise value$147.14M+1,297%
P/S5.7×+5.3×

Profitability

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Gross margin21.7%+9.2pp
Operating margin-130%-26.7pp
Net margin-195.6%-7.9pp
FCF margin-127.9%+1,415pp

Returns & leverage

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Return on equity-438%-676pp
Debt / equity0.6×
Current ratio1.7×+1.4×

Where this comes from

Reported directly by Soluna Holdings, Inc. in its filing.

Tagged under the XBRL concept slnh:UtilityCosts.

The official record: Soluna Holdings, Inc.’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Soluna Holdings, Inc.'s cryptocurrency mining — utility costs?
Soluna Holdings, Inc. (SLNH) reported cryptocurrency mining — utility costs of $1.13M in Q1 2026.
How has Soluna Holdings, Inc.'s cryptocurrency mining — utility costs changed year-over-year?
Soluna Holdings, Inc.'s cryptocurrency mining — utility costs decreased by 19.8% year-over-year, from $1.41M to $1.13M.
What is the long-term trend for Soluna Holdings, Inc.'s cryptocurrency mining — utility costs?
Over 2 years (2023 to 2025), Soluna Holdings, Inc.'s cryptocurrency mining — utility costs has grown at a 17.0% compound annual growth rate (CAGR), from $3.96M to $5.42M.
What does cryptocurrency mining — utility costs mean?
Represents the direct energy and power consumption expenses incurred to operate cryptocurrency mining hardware and data center infrastructure. This metric is critical for assessing the operational efficiency and energy cost sensitivity of mining activities.