AcquisitionsAug 13, 2026, 04:15 PM
Soluna Holdings Acquires Briscoe Wind Farm; Q2 Revenue Up 145%
AI Summary
Soluna Holdings, Inc. acquired 100% of Briscoe Wind Farm, a 150 MW capacity wind generation project, on April 1, 2026, significantly expanding its renewable energy assets. For the second quarter ended June 30, 2026, total revenue increased by 144.6% to $15.06 million, primarily driven by a substantial rise in data hosting revenue. Despite this growth, the company reported an increased net loss of $22.62 million for the quarter, compared to a $7.78 million net loss in the prior year.
Key Highlights
- Acquired 100% of Briscoe Wind Farm, a 150 MW capacity wind generation project, on April 1, 2026.
- Total revenue for Q2 2026 increased 144.6% to $15.06 million from $6.16 million year-over-year.
- Net loss for Q2 2026 increased to $22.62 million from $7.78 million year-over-year.
- Data hosting revenue for Q2 2026 surged to $12.65 million from $3.14 million year-over-year.
- Property, plant and equipment, net, increased to $137.80 million as of June 30, 2026, from $74.78 million at December 31, 2025.
- Total Assets grew to $293.51 million as of June 30, 2026, from $187.94 million at December 31, 2025.
- Cash and restricted cash increased to $131.29 million as of June 30, 2026, from $88.84 million at beginning of period.
Price Impact
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