Soluna (US:SLNH)2024-11-15 22:20Financial Performance - Year-to-date revenue reached a record $29.7 million, an increase of $18.8 million or 172% compared to $10.9 million in 2023[10] - Third quarter revenue increased by 30% to $7.5 million, up from $5.8 million in the same quarter of 2023[9] - Adjusted EBITDA for year-to-date 2024 is $3.5 million, a significant improvement of $8.0 million from a loss of $4.5 million in 2023[10] - Year-to-date gross profit for Soluna Digital reached $12.5 million, compared to $1.0 million in 2023[14] Cash and Funding - Unrestricted cash increased by 38% from the end of 2023, reaching $8.8 million[11] - Soluna Cloud raised a total of $13.75 million to enhance its AI offerings, including an additional $1.25 million in funding[8] - Project Dorothy 2 secured $30 million in funding for a 48 MW expansion, with groundbreaking held on August 28, 2024[7] Development and Expansion - The development pipeline now exceeds 2.6 GW, with 1.2 GW currently in active Term Sheet negotiations[6] - Project Rosa signed term sheets for power and land for a new 187 MW data center, marking a significant step in expansion efforts[9] - Soluna Digital's revenue for Q3 2024 was $7.5 million, representing 100% of the company's consolidated revenue[12]