PANews|May 19, 2026 00:48
[Soluna Q1 Revenue Grows 58% to $9.4 Million, Data Center Hosting Offsets Bitcoin Mining Weakness]
According to The Block, digital infrastructure company Soluna Holdings reported its Q1 financial results, with revenue increasing 58% year-over-year to $9.4 million, marking the fourth consecutive quarter of sequential growth. The data center hosting business generated $6.7 million in revenue, while cryptocurrency mining contributed approximately $2.2 million, down from nearly $3 million in the same period last year. Net loss widened from $10.5 million in the same period last year to $17.9 million, primarily due to increased stock-based compensation, interest, and financing costs. Adjusted EBITDA loss narrowed slightly to $2.1 million. The company held $68.6 million in cash at the end of the quarter. Soluna is participating in the wave of transformation as Bitcoin miners seek new revenue streams, redirecting capital toward AI and high-performance computing infrastructure.
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