Data center firm Soluna's Q3 revenue up 37% sequentially

Soluna Holdings

17/11/2025 12:38

Overview

Soluna Q3 2025 revenue rises 37% sequentially, driven by new Dorothy 2 customers

Gross profit margin increased to 28%, reflecting cost discipline and margin stability

Company secures $100 mln credit facility from Generate Capital for project expansion

Outlook

Soluna plans to accelerate growth in existing business and expand into AI market

Soluna launching Project Kati 1, a wind-powered data center in Texas

Result Drivers

DOROTHY 2 CUSTOMERS - Revenue increase driven by new customer deployments at Dorothy 2, contributing significantly to growth

GROSS PROFIT IMPROVEMENT - Gross profit margin increased to 28% due to cost discipline and one-time electricity credits

CREDIT FACILITY - $100 mln credit facility from Generate Capital to support project expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Crypto Mining Revenue
$2.77 mln
Q3 EPS
-$1.14
Q3 Net Income
-$25.79 mln
Q3 Operating Income
-$7.78 mln
Q3 Pretax Profit
-$26.45 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the it services & consulting peer group is "buy."

Press Release: ID:nBw9gSKCka

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)