Soluna Holdings Inc. reported a 37% sequential increase in revenue for the third quarter of 2025, with gross profit rising to 28%. The company's cash position reached a record $60.0 million. Adjusted EBITDA for Q3 2025 decreased by $2.9 million to negative $6.4 million compared to Q3 2024, mainly due to higher compensation and professional fees. Excluding special charges, adjusted EBITDA increased by $0.1 million to a positive $0.1 million from the previous year. During the quarter, Soluna raised over $64.0 million in gross capital from public market and project-level equity and debt sources. The company also secured a scalable credit facility up to $100.0 million from Generate Capital, with an initial $12.6 million draw used for refinancing and data center construction. Soluna highlighted strengthened capital structure and ongoing expansion into the artificial intelligence market.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Soluna Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251117209594) on November 17, 2025, and is solely responsible for the information contained therein.
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