External Customers was Soluna Holdings’s largest product and service line in fiscal 2025, bringing in $34.00M of $93.43M (36%).
| Product and Service | FY 2011 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| External Customers | — | — | $37.68M | $34.00M | ||||
| Cryptocurrency Mining Revenue | $48.82M | $21.20M | $34.05M | $22.81M | ||||
| Cryptocurrency Revenue | $48.82M | — | — | — | ||||
| Data Hosting Revenue | $8.28M | $20.39M | $37.68M | $34.00M | ||||
| Product Revenue | — | — | — | — | ||||
| Balancing Systems | — | — | — | — | ||||
| Precision Instruments | — | — | — | — | ||||
| Demand Response Service Revenue | — | — | $4.28M | $2.57M | ||||
| Demand Response Services | — | $536.00K | — | — | ||||
| Semiconductor & Solar Metrology | — | — | — | — | ||||
| High-Performance Computing Service Revenue | — | — | $32.00K | $56.00K | ||||
| Total | $105.91M | $42.13M | $113.72M | $93.43M |
Soluna Holdings brought in $93.43M from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 17.8% from $113.72M in fiscal 2024. External Customers was the largest at $34.00M (36.4%), ahead of Data Hosting Revenue at $34.00M (36.4%) and Cryptocurrency Mining Revenue at $22.81M (24.4%). The other two lines brought in $2.63M combined.
Compared with fiscal 2024, every line above 2% of revenue shrank. External Customers held up best, down 9.8% to $34.00M, and Demand Response Service Revenue fell the most, down 40.0% to $2.57M.
Soluna Holdings began breaking out External Customers in fiscal 2024, Demand Response Service Revenue in fiscal 2024 and High-Performance Computing Service Revenue in fiscal 2024. Soluna Holdings stopped reporting Cryptocurrency Revenue ($48.82M in fiscal 2022) and Demand Response Services ($536.00K in fiscal 2023) as separate lines.
Asean was Soluna Holdings’s largest region in fiscal 2019, bringing in $3.43M of $4.65M (74%).
| Geography | FY 2011 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2019 |
|---|---|---|---|---|---|---|
| United States | $9.55M | $8.40M | — | |||
| United States Of America | — | — | — | |||
| Asean | $2.74M | $3.42M | $3.43M | |||
| Segment, Geographical, Groups Of Countries, Group One | — | — | — | |||
| Singapore | — | — | — | |||
| Segment, Geographical, Groups Of Countries, Group Three | — | — | — | |||
| E M E A | — | — | $926.00K | |||
| Emea | $1.32M | $2.05M | — | |||
| Segment, Geographical, Groups Of Countries, Group Five | — | — | — | |||
| North America | $410.00K | $246.00K | $258.00K | |||
| Segment, Geographical, Groups Of Countries, Group Two | — | — | — | |||
| Segment, Geographical, Groups Of Countries, Group Four | — | — | — | |||
| South America | $100.00K | $8.00K | $34.00K | |||
| Segment, Geographical, Groups Of Countries, Group Six | — | — | — | |||
| Total | $14.11M | $14.12M | $4.65M |
Soluna Holdings brought in $4.65M from its four regions in fiscal 2019, the year ended December 31, 2019. Soluna Holdings regrouped these regions after fiscal 2017, so the total does not compare directly with that year's $14.12M. Asean was the largest at $3.43M (73.8%), ahead of E M E A at $926.00K (19.9%) and North America at $258.00K (5.6%). The remaining region, South America, brought in $34.00K.
Compared with fiscal 2017, the previous year with figures, North America grew 4.9% to $258.00K and Asean grew 0.2% to $3.43M.
Soluna Holdings began breaking out E M E A in fiscal 2019, when it brought in $926.00K. Soluna Holdings stopped reporting United States ($8.40M in fiscal 2017) and Emea ($2.05M in fiscal 2017) as separate regions.
Soluna Holdings (SLNH) reports its revenue by product and service and by geography. In fiscal 2025, External Customers was its largest product and service line, bringing in $34.00M (36.4% of the total), followed by Data Hosting Revenue at $34.00M (36.4%).
External Customers was Soluna Holdings' largest product and service line in fiscal 2025, bringing in $34.00M, or 36.4% of the $93.43M total across its five product and service lines.
Asean was Soluna Holdings' largest region in fiscal 2019, bringing in $3.43M, or 73.8% of the $4.65M total across its four regions.
Every figure comes from Soluna Holdings' annual financial filings, as reported. Each line keeps the name Soluna Holdings gives it, and years follow its fiscal calendar.
Soluna Holdings' revenue by product and service goes back to fiscal 2011, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.