How did SLNH's Q3 earnings compare to previous quarters?

Soluna Holdings (SLNH) experienced a significant decline in net income in Q3 compared to the previous quarter, with a decrease of approximately $31.43 million in net losses from Q2 to Q3. Here's a detailed comparison: 1. **Q2 Earnings**: In the quarter ending Q2 (June 30, 2024), Soluna Holdings reported a net loss of $-9.15 million. 2. **Q3 Earnings**: By the quarter ending Q3 (September 30, 2024), the net loss had increased to $-38.52 million. This represents a substantial increase in net losses, indicating a challenging period for the company. 3. **Comparison**: The net losses in Q3 are approximately $31.43 million higher than in Q2, which suggests a sharp deterioration in the company's financial performance from one quarter to the next. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |SLNH|SLNH.O|Soluna Holdings|2024 Q1|65.76964477933261|-2544000|186| |SLNH|SLNH.O|Soluna Holdings|2024 Q2|1.2098952144323214|-9145000|186| |SLNH|SLNH.O|Soluna Holdings|2024 Q3|-34.524601063829785|-8093000|186| |SLNH|SLNH.O|Soluna Holdings|2024 Q4|-670.6682673069228|-3.8518E7|186|