SOLAI Limited Announces Unaudited Financial Results for the Three Months Ended September 30, 2025

Core Insights - SOLAI Limited reported its unaudited financial results for the third quarter ended September 30, 2025, highlighting steady progress in its core initiatives, including the Solana treasury strategy and stablecoin technology validation [2][5]. Financial Performance - Total revenues for the three months ended September 30, 2025, were US$4.4 million, a decrease of US$0.4 million or 8.3% from US$4.8 million in the same period of 2024, with no change compared to the previous quarter [11]. - Revenue from self-mining was US$1.5 million, down US$1.5 million from the same quarter in 2024, while data center operations generated US$2.9 million, an increase of US$1.1 million year-over-year [5][10]. - Operating costs and expenses rose to US$11.1 million, an increase of US$2.1 million or 23.3% from US$9.0 million in Q3 2024, but decreased slightly from US$11.5 million in Q2 2025 [12]. Loss Metrics - The operating loss for the quarter was US$2.7 million, an improvement from US$4.8 million in Q3 2024 and US$5.8 million in Q2 2025 [18]. - Net loss attributable to SOLAI was US$2.5 million, down from US$4.8 million in Q3 2024 and US$5.8 million in Q2 2025 [20]. - Non-GAAP adjusted net loss was US$2.4 million for the quarter, compared to US$4.8 million in Q3 2024 and US$5.5 million in Q2 2025 [21]. Cryptocurrency Operations - The company produced 2.7 million DOGE and 816 LTC from its mining operations, generating approximately US$0.7 million in revenue [7]. - The total hash rate capacity for BTC mining machines was approximately 343.90 PH/s, with 7.1 BTC produced, contributing around US$0.8 million in revenue [8]. Asset Overview - As of September 30, 2025, SOLAI had cash and cash equivalents of US$3.8 million, up from US$1.8 million at the end of 2024 [23]. - Cryptocurrency assets totaled US$12.3 million, including 14.6 BTC, 133 ETH, and 0.3 million DOGE, primarily from mining activities [24].