Soluna reports Oct revenue $1.64M, cash contribution margin $365K; hash rate record 919.7 PH/s

Soluna Holdings, Inc

October revenue $1.64M, cash contribution margin $365K; average BTC mined down 1% vs September.
Average hashrate set record 919.7 PH/s (up 3% from Sept); operating efficiencies noted.
Contribution margins declined due to higher October power prices; November power costs declining.
Actively working with regulators to bring Project Dorothy online; aims to scale operations.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Soluna Holdings, Inc reported the month ended October 31, 2022 results: revenue $ 1,640.

Period: the month ended October 31, 2022
Revenue: $ 1,640
Result: reported results

Exact text from the filing

customer in September and October, respectively. ($ in 000s, Unaudited) (Estimate) FY 21 Q1 2022 Q2 2022 Q3 2022 October 2022 Revenue $ 13,010 $ 9,316 $ 8,676 $ 6,372 $ 1,640 Cash Contribution Margin $ 8,888 $ 5,206 $ 5,007 $ 1,194 $ 365 Annualized Revenue $ 13,010 $ 37,264 $ 34,704 $ 25,490 $ 19,680 Annualized Contribution Margin $ 8,888 $ 20,824 $

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Soluna Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001493152-22-035009

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