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

Reuters11-17

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

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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