secwatch.observer — SEC 8-K summary
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Issuer:     Soluna Holdings, Inc (SLNH)
CIK:        0000064463
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001641172-25-024271
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Soluna Q2 2025: Adjusted EBITDA up $0.4M QoQ, revenue $6.2M; pipeline grows to 2.8 GW
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- Adjusted EBITDA improved $0.4M (25.5%) QoQ to $2.3M; fourth consecutive quarter of growth.
- Revenue $6.2M, down $3.5M YoY due to Bitcoin halving and Hashprice decline; gross margin steady at 19%.
- Cash reserves $9.9M at quarter-end, up $2.0M since Dec 2024; total power pipeline 2.8 GW.
- Project Kati secured $20M funding from Spring Lane Capital for 35 MW phase; construction starts Q3.
- Dorothy 2 expansion on track for full energization in Q4; 295 MW of new projects launched in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64463/000164117225024271/0001641172-25-024271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64463/000164117225024271/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-024271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer