Filing Flows › Soluna Holdings (SLNH) › How it makes money
How Soluna Holdings (SLNH) makes money
Soluna Holdings (SLNH) made $15.1M of revenue in the second quarter 2026 (Q2 2026), +145% from a year earlier. External Customers brought in $14.7M (98%); Demand response service revenue brought in $321K (2%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| External Customers | $14.7M | 97.9% | — | +146% |
| ↳ Data hosting revenue | $12.7M | 84.0% | — | +303% |
| ↳ Cryptocurrency mining revenue | $1.7M | 11.4% | — | -40% |
| ↳ Wind energy generation revenue | $366K | 2.4% | — | — |
| Demand response service revenue | $321K | 2.1% | — | +99% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $15.1M | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $15.1M | +145% |
| Q1 2026 | $9.4M | +58% |
| Q3 2025 | $8.4M | +12% |
| Q2 2025 | $6.2M | -36% |
| Q1 2025 | $5.9M | -53% |
| Q4 2024 | $8.3M | -18% |
From Soluna Holdings' 10-Q filed Aug 13, 2026 (on EDGAR).
Questions
How does Soluna Holdings make money?
Soluna Holdings (SLNH) made $15.1M of revenue in the second quarter 2026 (Q2 2026), +145% from a year earlier. External Customers brought in $14.7M (98%); Demand response service revenue brought in $321K (2%).
What is Soluna Holdings' biggest business?
External Customers: $14.7M in the second quarter 2026, 98% of revenue, +146% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.