Soluna Holdings announces site-wide financial statements for the month of August

Albany, New York – () – Soluna Holdings, Inc. (“SHI” or “the Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for crypto-mining and other intensive computing, today announced the release of its site-wide financial statements for the month of August.

Michael Toporek, CEO of Soluna Holdings, stated, “Soluna continues to deliver good hashrate and profit margins despite lower bitcoin prices and energy market volatility. In the near term, we are focused on activating the first 50MW of the next generation of Dorothy’s facility as it expands Soluna scale. Our development pipeline continues to grow as renewable energy producers continue to see computing power as the preferred cost-cutting solution.”

Notable Summaries:

  • BTC production increases despite volatile market

    • Mining-equivalent BTC prices rose 6% while Bitcoin prices rose about 4% from July to August

    • The peak fragmentation rate remained above 1EH/s

  • Cash contribution margins remain intact

    • 20% consolidated cash contribution margins despite lower BTC environment and higher energy costs

      • 26% cash contribution mining prop Margins are slightly offset by weaker hosting margins
  • The 10MW Marie hosting agreement has been renewed with major new terms

    • The nodes have been restructured to be more responsive to energy fluctuations

    • Expected hosting margins with the expectation of an increase in the new contract

Revenue and contribution margin summary:

*All numbers below exclude legacy hosting
** August and July Adj. Cash contribution margins have been adjusted according to FCA costs for June – see page. 21 from the show for details
** Excluding FCA cost adjustment, the cash contribution margin for July was $413

(In thousands of dollars, unaudited)



fiscal year 21

First Quarter 2022

April 2022

May 2022

June 2022

Q2 2022

July 2022

August 2022

he won

13010 dollars


$3,392 USD

3,004 dollars





cash contribution margin



2,605 dollars


800 dollars




Cash contribution margin (regular energy costs)



2,605 dollars


800 dollars




Annual revenue

13010 dollars


40,705 dollars






Annual contribution margin









Note: Represents non-GAAP financial measures.

A corresponding presentation and video is available on the company’s website at the following address:

About Soluna Holdings, Inc (SLNH)

Soluna Holdings, Inc. It is the leading developer of green data centers that transform excess renewable energy into global computing resources. Soluna builds modular and scalable data centers for intensive computing and payable applications such as cryptocurrency mining, artificial intelligence, and machine learning. Soluna provides a cost effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex real-world challenges. Up to 30% of the energy of renewable energy projects can be wasted. Soluna data centers enable owners of clean electricity assets to ‘sell’. All. megawatts.

For more information about Soluna, please visit Or follow us on LinkedIn at and Twitter Tweet embed

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