Earnings release
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SOL Strategies Reports Fiscal Third Quarter Financial Results First Quarter of Segmented Reporting Reflects Addition of Houdini Privacy Technology Business Toronto , Ontario -- ( Newsfile Corp. - August 17 , 2026 ) - SOL Strategies Inc. ( CSE : HODL ) ( NASDAQ : STKE ) ( " SOL Strategies " or the " Company " ) , a digital asset infrastructure company focused on high performance blockchain and privacy technologies , reported its financial results for the fiscal third quarter ended June 30 , 2026. This is the first quarter in which results reflect the acquisition of Houdini Swap LLC ( " Houdini " ) , the Company's privacy - focused platform , and the first quarter the Company is reporting on a segmented basis between its Houdini subsidiary and its core infrastructure business . The Company has released a video discussion of these financial results on its website that can be viewed at SOL Strategies Q32026 Earnings Discussion . The Company's financial statements and management discussion & analysis are available on SEDAR + at www.sedarplus.ca . Financial Highlights for the Third Quarter Ended June 30 , 2026 : • Swap aggregator fees of $ 1.2 million from the Company's recently acquired , wholly - owned subsidiary , HoudiniSwap LLC ( " HoudiniSwap " ) representing one month's operations . • Houdini Swap also contributed $ 768,000 of EBITDA during the period . Staking and validation income of $ 622,299 vs $ 3,040,282 for the same period in 2025. The decrease is mainly due to a significant decline in the average Solana price during the period and a reduction in per - epoch staking & block rewards rewards resulting from Solana's programmed disinflation of staking emissionsand improved blockchain efficiency • Assets under Delegation were 3.4 million SOL ( CAD $ 355 million ) as of June 30 , 2026 , down 8 % from 3.74 million SOL at June 30 , 2025. The Company's validators maintained 100 % uptime and a peak APY of 5.84 % , above the Solana network average of 5.53 % . • Total SOL holdings of approximately 460,000 SOL ( CAD $ 48 million ) as of June 30 , 2026 , compared to 435,159SOL ( CAD $ 126.4 million million ) at September 30 , 2025 , with the Company serving more than 33,000 unique wallets across its validator network at quarter - end . " This was a milestone quarter for SOL Strategies , " said Michael Hubbard , Chief Executive Officer . " We closed the Houdini acquisition on June 1 , and even with just one month of results included , the business performed well and gave us our first look at what a privacy and cross - chain execution layer can add on top of our validator and treasury operations . With an EBITDA margin of over 60 % and over CAD1.2mm in revenue for just the first month , the Houdini business is a fundamental change that we expect to perform very well in the coming quarters . " Financial Results Discussion : The Company has released a video discussion of these financial results where CEO Michael Hubbard , CFO Doug Harris , and CSO Steve Ehrlich discuss the quarter's results and respond to investor questions submitted in advance . The video is available on - demand via the investor relations section of the Company's website at the link below . Event : SOL Strategies , Inc. Fiscal Third Quarter 2026 Financial Results Discussion Webcast Link : SOL Strategies Q32026 Earnings Discussion About SOL Strategies