secwatch.observer — SEC 8-K summary
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Issuer:     Soluna Holdings, Inc (SLNH)
CIK:        0000064463
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001493152-22-032465
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Soluna Q3 net loss $55.9M ($3.94/sh) on $28.1M impairment and $12.3M debt loss
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- Revenue $6.4M, up from $3.1M YoY; cryptocurrency mining revenue $5.4M vs $2.0M.
- Net loss $(55.9)M, or $(3.94) per share, vs $(0.6)M loss YoY; includes $28.1M fixed asset impairment and $12.3M debt extinguishment loss.
- Non-GAAP adjusted EBITDA loss of $(3.6)M; BTC equivalents mined up 12.4% from Q2.
- G&A expenses rose to $5.7M from $2.3M YoY, driven by personnel and complex transactions.
- Project Dorothy energization pending ERCOT approval; expected to double operating footprint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64463/000149315222032465/0001493152-22-032465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64463/000149315222032465/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032465

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