PANews reported on May 19th that Soluna Holdings, a digital infrastructure company, released its first-quarter financial results, showing revenue that increased by 58% year-over-year to $9.4 million, marking the fourth consecutive quarter of sequential growth. Data center hosting generated $6.7 million in revenue, while cryptocurrency mining contributed approximately $2.2 million, down from nearly $3 million in the same period last year. Net loss widened to $17.9 million from $10.5 million in the same period last year, primarily due to increased equity incentives, interest, and financing costs. Adjusted EBITDA loss narrowed slightly to $2.1 million. The company held $68.6 million in cash at the end of the quarter. Soluna is participating in the wave of Bitcoin miners seeking new revenue streams, shifting capital towards AI and high-performance computing infrastructure.