Soluna Revenue Falls 36 Percent
Soluna (NASDAQ:SLNH), a developer and operator of renewable-powered data centers focused on Bitcoin mining and sustainable computing, published its second-quarter results on August 15, 2025. The key news: revenue was $6.2 million, well below the consensus estimate of $8.10 million and down sharply from $9.68 million in the prior year. Even so, earnings per share improved to $(0.69), narrowing from $(2.97) in the prior year. The overall assessment highlights significant industry pressure on revenue, balanced by disciplined cost controls and ongoing project development. Unrestricted cash increased by $2.0 million to $9.9 million as of June 30, 2025, compared to December 31, 2024, but cash remains tight and the business continues to depend heavily on external funding.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Soluna (NASDAQ:SLNH) specializes in constructing and operating data centers that are co-located with renewable energy sources like wind and solar plants. Its main product lines are Bitcoin mining operations, hosting third-party miners in its data centers, and providing demand response services for the power grid. By using energy that would otherwise go unused -- known as stranded energy -- it can deliver lower-cost and more sustainable computing solutions.
Source Fool.com
