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Exhibit 99.1

Solana Company Reports Second Quarter 2026 Financial Results

Philadelphia - August 14, 2026 - Solana Company (NASDAQ: HSDT) (the “Company” or “HSDT”), a publicly listed digital asset treasury, infrastructure, and services company providing institutional access to the Solana ecosystem, today announced its results for the quarter ended June 30, 2026.

During the second quarter, the Company generated $2.5 million in revenue and achieved strategic milestones, including building out its first institutional validator cluster in Tokyo, expanding its institutional infrastructure across Asia-Pacific, growing its digital asset treasury, staking, and advisory businesses, and completing the divestiture of its legacy medical device business.

Second Quarter Operational Highlights

•Built out the Company's first institutional validator cluster in Tokyo under the Pacific Backbone initiative.

•Announced a strategic partnership with the Jito Foundation in May which is expected to expand institutional-grade Solana infrastructure across Asia-Pacific, combining Jito’s market layer technology with Pacific Backbone.

•Announced the signing of a Memorandum of Understanding with the Administration of Alatau City, Kazakhstan, to collaborate on blockchain infrastructure, enterprise adoption, education, research and policy development.

•Completed the divestiture of the legacy PoNS medical device business, removing a cash-consuming operation from the Company’s cost base.

•Delivered 15 institutional education sessions and advisory workshops with banks, asset managers and exchanges across Asia-Pacific.

•Expanded the Board of Directors with seasoned executives that have both traditional finance and digital asset experience through the appointment of Michel Lee, co-founder and investment partner at Cybertech Partners and co-founder of HashKey Group, and Sergio Mello, global head of stablecoin solutions at Anchorage Digital.

Joseph Chee, Chairman, President, and Chief Executive Officer of Solana Company, said:

“This quarter was defined by execution of our integrated flywheel strategy, expanding operations across advisory, validator infrastructure, staking and treasury. With our first validator cluster operational in Tokyo, and the legacy business fully divested, the recurring revenue streams that leverage our institutional-grade infrastructure are beginning to take root.”

Cosmo Jiang, General Partner at Pantera Capital and board director at Solana Company, said:

“The digital asset treasury market has moved from its genesis phase into an execution and consolidation phase. Capital is concentrating around the vehicles that combine institutional-grade infrastructure, transparent reporting and disciplined capital management, and execution has surpassed scale as the key differentiator. Despite the volatility in digital asset markets during the quarter, our strategy did not change: active management of accretive capital allocation, generate staking yield above the network average, and build the operating businesses that produce revenue independent of the SOL price.”

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Exhibit 99.1

Second Quarter Financial Highlights

•Generated $2.5 million in revenue, driven primarily by staking revenue on the Company’s SOL holdings, bringing first half of 2026 revenue to $6.1 million.

•Earned 31.2 thousand SOL in staking rewards, which were automatically restaked to compound returns.

•Completed a registered direct offering of common stock to global institutional investors for the net proceeds of $7.9 million, led by Mirae Asset with participation from HashKey Capital.

•Repurchased approximately $2.3 million in shares during the quarter, retiring 1.3 million shares, bringing year-to-date repurchases to approximately $5.9 million.

Second Quarter 2026 Financial Results

Revenue for the second quarter of 2026 was $2.5 million, consisting of $2.5 million in staking revenue and $14 thousand of other revenue. This represents significant growth from the $43 thousand in the prior-year period, which did not include contributions from staking revenue attributable to the Company’s digital asset treasury strategy.

Cost of revenue for the second quarter of 2026 was $0.1 million, resulting in gross profit of $2.4 million, or a gross margin of approximately 97%, compared to a gross loss of $0.1 million in the prior-year period.

General and administrative expenses for the second quarter of 2026 were $11.1 million, compared with $3.3 million in the prior-year period, and $16.3 million for the first six months of 2026. The increase reflects the expansion of operations associated with the Company’s digital asset treasury and infrastructure strategy, together with $6.8 million of severance associated with the PoNS divestiture.

Net operating expenses for the second quarter of 2026 were $35.1 million, compared with $3.3 million in the prior-year period. The resulting loss from operations was $32.

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Exhibit 99.1

Solana Company Reports First Quarter 2026 Financial Results

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NEWTOWN, Pa., May 15, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “HSDT”), a publicly listed company, today announced results for the quarter ended March 31, 2026.

First Quarter Recent Business Updates

●Generated $3.6 million in revenue in the first quarter of 2026, with the increase primarily driven by the Company’s SOL earning staking yield

●Executed approximately $3.5 million in share repurchases during the quarter under the Company's repurchase program

●Advanced the Pacific Backbone validator infrastructure initiative through strategic partnership with Jito to accelerate staking infrastructure development and MEV capture capabilities

●Continued collaboration with Anchorage Digital and Kamino for institutional-grade staking and lending against natively staked SOL

●Appointed Madelene Gani as Chief Operating Officer and Deputy Chief Financial Officer on April 6, 2026, bringing deep financial and operational expertise from hyper-growth Web3 companies

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"Despite the volatility in digital asset markets during the quarter, we remain focused on the fundamentals: growing our SOL per share through disciplined capital allocation, generating consistent staking yield, and building out the diversified revenue streams that we believe will drive long-term value creation," said Joseph Chee, Executive Chairman at Solana Company. "We are not simply holding digital assets; we are building an operating business with recurring revenue streams that leverage our institutional-grade infrastructure and our position as a strategic partner to the Solana Foundation."

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Cosmo Jiang, General Partner at Pantera Capital and board director at Solana Company said, "The first quarter demonstrated the resilience of our digital asset treasury strategy. Our average net staking yield reflects the institutional-grade infrastructure and active management approach that Pantera applies across its broader digital asset portfolio. We remain committed to capital allocation strategies that are accretive on a SOL per share basis."

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First Quarter 2026 Financial Results

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First quarter revenue was $3.6 million, consisting primarily of $3.4 million in staking rewards income and $0.2 million in other revenue. This represents significant growth from the $49,000 in revenue reported in the first quarter of 2025, which did not include staking revenue generated through the Company’s digital asset treasury strategy.

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Cost of revenue for the first quarter was $0.2 million, resulting in a gross profit of $3.4 million compared to a gross loss of $72,000 in the prior-year period.

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General and administrative expenses for the first quarter of 2026 were $5.2 million, compared to $3.9 million in the first quarter of 2025, reflecting the expansion of operations associated with the Company's digital asset treasury strategy.

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Total operating expenses for the first quarter of 2026 were $103.1 million, compared to $3.9 million in the prior-year period. Operating expenses included non-cash charges of $89.2 million for unrealized loss on digital assets and digital assets receivable, $7.0 million for realized loss on digital assets related to strategic sales executed as part of the Company's capital allocation program, and $1.7 million for unrealized loss on digital assets fund investment.

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The resulting loss from operations was $99.6 million compared to a loss of $4.0 million for the prior-year period.

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Nonoperating expense for the quarter was $0.2 million, compared to nonoperating income of $0.2 million in the prior-year period.

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Reported net loss for the first quarter of 2026 was $99.8 million, or a loss of $1.30 per basic and diluted common share, compared to a net loss of $3.8 million, or a loss of $382.29 per basic and diluted common share, in the prior-year period.

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Cash and Liquidity

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At March 31, 2026, cash and cash equivalents totaled $4.4 million and digital assets and digital asset exposure at fair value totaled $193.8 million, including $21.0 million in current digital assets, $127.6 million in long-term digital assets, $23.6 million in restricted digital assets, $18.3 million in digital assets receivable, and $3.3 million in digital assets fund investment. Common shares issued totaled 56.6 million with 55.0 million outstanding as of March 31, 2026, net of treasury stock.

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Conference Call

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Management will host a conference call to discuss the results and provide an expanded business update as follows:

Date:

Friday, May 15, 2026

Time:

4:30 p.m. Eastern Time

Webcast:

Click here

Participant call link:

Click here (register to receive unique PIN and dial-in number)

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The webcast will be archived under the News & Events section of the Company’s investor relations website.

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About Solana Company

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Solana Company (NASDAQ: HSDT) is a listed digital asset treasu

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EXHIBIT 99.1

Solana Company Reports Fourth Quarter and Full Year 2025 Financial Results

NEWTOWN, Pa., March 30, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “HSDT”), a publicly listed company that has expanded its business to include a digital asset treasury (“DAT”) dedicated to acquiring and holding Solana tokens (“SOL”), today announced results for the quarter and full year ended December 31, 2025.

Fourth Quarter and Full Year Recent Business Updates

●Generated $5.1 million in staking rewards in the fourth quarter of 2025 and $5.5 million for the full year, as substantially all SOL holdings were staked throughout the period

●Raised $29.9 million in 2025 through the Company’s ATM programs, with proceeds used primarily to purchase SOL on a net asset value (“NAV”)/share accretive basis

●Repurchased $3.4 million of common stock in 2026, funded primarily through the sale of SOL, while NAV/share accretive to do so

●Adopted share repurchase program, initiating share repurchases totaling $3.4 million to-date in 2026

●The Company continues to evaluate a broad range of capital actions, including equity and debt financings, that are accretive to shareholder value

●The Company, together with Anchorage Digital and Kamino, launched the first-ever digital asset treasury to enable borrowing against natively staked SOL in qualified custody

●Initiated a strategic roadmap to invest in a new low-latency cluster in Asia Pacific to drive staking and validation

“The Company’s business expansion through the implementation of the DAT strategy has delivered tangible results. The Company maintains a strengthened balance sheet, and sufficient liquidity to support ongoing investment activities and long-term sustainable growth.” Joseph Chee, Executive Chairman at Solana Company said. “Notwithstanding the foregoing, the unanticipated and adverse downturn in the cryptocurrency industry—which we believe has been exacerbated by geopolitical uncertainties including U.S. tariff policies, armed conflicts and elevated crude oil prices—has adversely impacted the performance of the DAT strategy. Nevertheless, the Company remains steadfast in its long-term SOL accumulation strategy, with a particular focus on enhancing SOL per share metrics and expanding its SOL holdings in an accretive fashion. The Company’s objective of serving as the institutional access gateway for exposure to the Solana Ecosystem remains unchanged and firmly intact.”

Cosmo Jiang, General Partner at Pantera Capital and board director at Solana Company said, “Consistent with our recent announcement of the first-of-its-kind institutional-grade yield enhancement solution in collaboration with Kamino and Anchorage, together with business development initiatives aimed at revenue diversification such as the Pacific Backbone project, the Company plans to continue to pursue the generation of incremental cash flows for Solana Company in a safe and compliant manner. The Company also intends to pursue highly selective strategic capital markets transactions to advance the achievement of its stated objectives.”

Fourth Quarter 2025 Financial Results

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Fourth quarter revenue was $5.2 million, compared to $0.2 million in the prior-year period, driven by $5.1 million in staking rewards.

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For the fourth quarter, cost of revenue was $0.2 million, in line with the prior-year period.

Selling, general and administrative expenses for the fourth quarter of 2025 were $13.0 million, compared to $2.2 million in the prior-year period, due primarily to increased non-cash compensation costs, salaries and wages, digital asset management and custodian fees as well as legal and professional fees in conjunction with the addition of the Company’s DAT strategy. Research and development expenses were $0.9 million, in line with the prior-year period.

Total operating expenses for the fourth quarter of 2025 were $206.1 million, compared to $3.1 million in the prior year period. Operating expenses also included non-cash charges of $178.3 million for unrealized loss on digital

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assets and digital assets receivable, $12.1 million for realized loss on digital assets, and $2.1 million for unrealized loss on digital assets fund investment, due to the decline in the value of SOL.

The resulting loss from operations was $201.1 million compared to a loss of $3.1 million for the prior year period.

Non-operating income in the fourth quarter of 2025 was $526.6 million, primarily driven by a $526.3 million gain from the change in fair value of derivative liability compared to non-operating loss of $0.8 million for the prior year period comprised mostly of foreign exchange loss.

Reported net income for the fourth quarter of 2025 was $325.6 million, or earnings of $4.25 per basic and diluted common share, compared to a net loss of $3.9 million, or a loss of $793.01 per basic and diluted common share, in the pri