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SLNH|EPS -$0.24|Rev $9.4M|Net Loss $17.5MSoluna Holdings, Inc. posted a net loss of $17.5M in the first quarter of 2026, though the cryptocurrency mining operator showed significant top-line momentum as it expands its data center infrastructure. The company reported a loss per share of $0.24, narrowing substantially from the $1.21 loss posted in Q1 2025, marking an 80.2% improvement year-over-year.
Revenue climbed to $9.4M for the quarter, up 58.0% from $5.9M in the year-ago period. Sequential growth was modest at 0.2%, suggesting the company maintained steady revenue levels from the prior quarter. Data Center Hosting emerged as the top segment, generating $6.7M in revenue with a sharp 178.5% year-over-year increase as Soluna leverages its facilities to serve cryptocurrency mining and related computational workloads.
The company’s development pipeline remains substantial, with 4,300 total MW capacity in development at quarter end. This positions Soluna to potentially scale operations as demand for energy-intensive data processing continues to evolve in the digital asset space.
Wall Street maintains a constructive view on the stock, with analyst consensus showing 4 buy ratings, 1 hold, and 0 sell recommendations. The combination of shrinking losses and accelerating revenue growth reflects Soluna’s progress in commercializing its data center assets, though the company continues to operate at a loss as it invests in capacity expansion.
This content is for informational purposes only and should not be considered investment advice. AlphaStreet Intelligence analyzes financial data using AI to deliver fast and accurate market information. Human editors verify content.
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