Soluna — Q2 2024 Earnings Presentation

4 slides from Soluna's earnings presentation, Aug 16, 2024

Slide 1: Financial Summary: Key Second Quarter Results
● The strong second-quarter revenue of $9.7 million and the 4th consecutive quarter of positive Adjusted EBITDA showcased our resilience, reflecting only a 22% revenue decrease compared to the first quarter of 2024, despite the challenges posed by the Bitcoin halving in April, which drove the lower
Slide 2: Revenue and Cost of Revenue by Project
(Wollars in thousands) Ceyptocusrency mining revenue Data hosting revenue Demand response services Total revenue Cost of eryptocurrency mining, exclusive of depreciation Cost of data hosting revenue, exclusive of depreciation Cost of revenue- depreciation Total cost of revenue Project Project Doroth
Slide 3: Gross Profit Improvement
● Gross Profit improved by $4.5 million - as Project Sophie pivoted to Data Hosting and Project Dorothy reached full energization, costs of revenue either met or exceeded expectations, enabling strong Gross Profit (Loss) growth from ($390 thousand) for the second quarter of 2023 to $4.1 million for
Slide 4: Gross Profit and G&A Expenses
● Gross profit for the second quarter of 2024 compared to the first quarter of 2024 decreased by $2.8 million, while revenue declined by $2.9 million. This highlights the company’s cost management practices and discipline. ● General and administrative expenses, excluding depreciation and amortizatio