Q2 2026 Soluna Holdings Inc Earnings Call Transcript

Aug 13, 2026 / 09:00 PM GMT

Release Date Price: $1.3 (-3.70%)

Transcript 10-Q8-K

Key Points

Positve

Revenue grew 145% year-over-year, marking the fifth consecutive quarter of sequential growth.
Acquired the 150 MW Briscoe wind farm, achieving vertical integration at Project Dorothy 1 with 100% ownership of generation and compute.
Expanded renewable power pipeline by 47% to over 6.3 GW, with 300 MW added from existing sites.
Advanced AI campus development: Cotty 2 signed a definitive JV and tenant LOI, while Dorothy 3 secured land and began studies.
Strengthened liquidity to $113 million in cash, improved current ratio to 2.1x, and retired all Series B preferred stock.

Negative

Net loss widened to $22.6 million from $7.8 million year-over-year, driven by non-cash stock compensation and debt extinguishment costs.
Gross profit compressed 35% year-over-year due to new site costs and Briscoe's $1.5 million turbine repair backlog.
Proprietary Bitcoin mining revenue declined 40% due to a 34% drop in hash price and deliberate capacity conversion.
Adjusted EBITDA remained negative at -$1.6 million, though improved sequentially.
Heavy reliance on ATM equity issuance ($159.4 million raised in Q2) dilutes shareholders and signals potential capital constraints.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SLNH.OQ - Soluna Holdings Inc
Q2 2026 Soluna Holdings Inc Earnings Call
Aug 13, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us and welcome to the Saluna Second Quarter 2026 Earnings Conference Call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. I will now hand the conference over to Mike Tu, Vice President of Finance. Mike, please go ahead.

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Unidentified_2 [2]
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Good afternoon, and thank you for joining Saluna's second-quarter 2026 earnings call.

Our earnings release and the

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