Soluna Holdings, Inc.

Soluna Completes Full Repayment of Generate Capital Debt

Soluna Holdings repaid in full the $28.7 million of principal outstanding under its Generate Capital credit facility, and the facility has been terminated with related project liens released. Repayments included $19.1 million in August 2026 and the remainder in October, cutting total debt principal from $37.9 million at June 30, 2026 to $9.2 million — a 76% reduction. With liens cleared, Soluna can transition power to its Dorothy 3 AI campus as it continues developing its AI and high-performance computing pipeline.

•13d ago

Soluna Agrees to Form Strategic Partnership with Applied Digital to Develop Wind-Powered AI Data Center in Texas

Applied Digital agreed to form a jointly owned company with Soluna Holdings to develop a planned 50 MW critical IT data center for AI and HPC at Project Dorothy 3 in Briscoe County, Texas, co-located with the 150 MW Briscoe Wind Farm. Applied will hold 51% of the Project Company and provide development capital, while Soluna contributes land and power-related assets for a 49% stake; closing is expected by year-end, subject to a county tax abatement and other conditions. ChronoScale, an Applied-majority-owned compute platform, signed a non-binding letter of intent to lease the facility — a potential anchor tenant, though no definitive lease is assured.

•18d ago

Soluna and Bitdeer Expand Agreement to 35 MW at Project Kati 1

Bitdeer, via subsidiary Dory Creek, amended its co-mining agreement with Soluna to add approximately 7 MW of Bitcoin mining capacity at Project Kati 1 in South Texas, bringing total deployment to 35 MW and roughly 2.42 EH/s. The expansion fully subscribes the site's K1BC phase at the 83 MW wind-powered data center and is expected to be complete in November 2026. Bitdeer provides and owns its Sealminer A2 Pro Air miners while Soluna supplies site, power, and turnkey operations, with the parties sharing mining proceeds — the first expansion since the original August agreement. For Bitdeer, the deal adds hash rate ahead of schedule and signals confidence in the co-mining economics; no financial terms were disclosed.

•1mo ago

Soluna Secures Conditional Base Load Position for Project Dorothy's 100 MW in ERCOT Batch Zero

ERCOT has conditionally classified Soluna's 100 MW Project Dorothy campus as Base Load in Batch Zero, preserving its interconnection capacity based on prior study work and exempting it from further reliability evaluation. Combined with last week's conditional Base Load position for the full 166 MW at Project Kati, 266 megawatts across Soluna's two Texas campuses is now conditionally classified as base load, pending ERCOT's ongoing verification process. Soluna has also formally submitted a load interconnection request for an additional 50 MW at the Dorothy site, which falls below the Batch Zero threshold and is being studied directly by the transmission and distribution service provider. The company operates approximately 206 MW of capacity with a ~6.3 GW development pipeline; Dorothy 1 and 2 are 98 MW energized, and the 300 MW Dorothy 3 phase is designed for AI and high-performance computing.

•1mo ago

Soluna Finishes Kati 1 and Secures Conditional Base Load Position for All 166 MW in ERCOT

Soluna energized the final 14 MW at Project Kati 1, completing the 83 MW Texas site and lifting company-wide operating capacity to approximately 206 MW, with every phase delivered on time and on budget. ERCOT has conditionally classified the full 166 MW Kati campus, including the planned Kati 2 AI expansion, as Base Load in its Batch Zero interconnection process, pending completion of an ongoing verification step. For Bitdeer (BTDR), the release confirms the August co-mining agreement at Kati 1 is now underway, with equipment being delivered and deployed; the 48 MW Kati 1A phase was filled by Galaxy Digital. Soluna also cites a development pipeline of roughly 6.3 GW, including more than 650 MW of AI and high-performance computing capacity in development at Kati 2 and Project Dorothy 3.

•2mo ago

Soluna and Bitdeer Enter 28 MW Agreement at Project Kati 1

Bitdeer entered a co-mining agreement with a subsidiary of Soluna Holdings to deploy approximately 28 MW of Bitcoin mining equipment at Project Kati 1 in South Texas. The deployment is expected to add roughly 1.93 EH/s of hash rate, with operations beginning in September 2026, using Bitdeer's Sealminer A2 Pro Air hardware. Under the agreement, Bitdeer owns the mining equipment while Soluna provides the wind-powered site and turnkey operations, with both parties sharing in the mining proceeds.

•2mo ago

Soluna Closes Purchase of 397 Acres for Project Dorothy 3

Soluna Holdings closed the purchase of 397 acres in Briscoe County, Texas to host Project Dorothy 3, a planned 300 MW renewable-first AI computing campus. The site is adjacent to the company’s 150 MW Briscoe Wind Farm, which provides direct, behind-the-meter access to power generation. This acquisition expands the company’s development pipeline, which currently totals approximately 6.3 GW across multiple sites.

•2mo ago

Soluna Reports Q2'26 Results; Revenue Grows 145% Year-Over-Year

Soluna reported Q2 2026 revenue of $15.1 million, up 145% year-over-year and 60% sequentially, driven by contributions from Dorothy 2 and the Kati 1 ramp. The company achieved a major operational milestone with Kati 1 delivering its first positive gross profit, while vertical integration of Project Dorothy 1 was completed through recent acquisitions of Briscoe Wind Farm and minority interests. The development pipeline expanded to 6.3 GW, highlighted by a new joint venture with Metrobloks for the Kati 2 AI project and the addition of 583 MW of AI-focused capacity across three new sites.

•2mo ago

Soluna Appoints Microsoft Hyperscale Executive Ryan Carver to Lead Soluna’s AI

Soluna Holdings appointed Ryan Carver as Chief Development Officer, effective immediately, to lead the expansion of its AI/HPC data center platform. Carver joins Soluna from Microsoft, where he served as Senior Director of AI Construction & Site Development, managing a construction P&L in the tens of billions of dollars. He will report directly to CEO John Belizaire and oversee the full lifecycle of the company's renewable-powered AI infrastructure.

•3mo ago

Soluna Announces Monthly Business Update

Soluna reported steady operations across its existing sites during June, noting full capacity at Dorothy 1A, 1B, 2, and Sophie despite increased grid curtailments. The company advanced its pipeline with substantial completion of a 9 MW phase at Project Kati 1 and the signing of an LOI for a potential tenant at the 350+ MW Project Kati 2. Additionally, Soluna was added to the Russell 3000 and Russell 2000 Value Indexes, a move expected to broaden visibility among institutional investors.

•3mo ago

Soluna Announces Monthly Business Update

Soluna regained compliance with Nasdaq listing requirements, removing the immediate threat of delisting that had weighed on the stock. The company signed a definitive joint venture agreement with Metrobloks for Project Kati 2, a 350+ MW AI/HPC hosting facility, replacing a previously announced non-binding MOU. Formal commercial negotiations with at least one potential tenant have begun. Soluna also acquired full ownership of Project Dorothy 1B, completing equity consolidation of the Dorothy 1 campus, and reported Q1 revenue up 58% year-over-year with record hash rate capacity of 147 MW.

•4mo ago

Soluna Acquires Full Ownership of Project Dorothy 1B, Completing Equity Consolidation of Dorothy 1 Campus

Soluna Holdings acquired the remaining 49% equity interest in Project Dorothy 1B from Navitas Global for approximately $8.8 million, achieving 100% ownership of the asset. This transaction completes the equity consolidation of the Dorothy 1 campus, combining the 50 MW data center with the 150 MW Briscoe Wind Farm acquired earlier this year for $53 million. Management states that unencumbered ownership is a prerequisite for converting the campus to AI and high-performance computing workloads and for marketing the next-phase Dorothy 3 infrastructure to prospective customers.

•5mo ago

Soluna Reports Q1'26 Results; Revenue Grows 58% Year-Over-Year and 4th Consecutive Quarter Sequentially

Soluna reported Q1 2026 revenue of $9.4 million, up 58% year-over-year and marking the fourth consecutive quarter of sequential growth. The company posted a net loss of $17.9 million, but Adjusted EBITDA loss narrowed to $2.1 million, down from $2.5 million in Q4 2025 and $2.6 million in Q1 2025, driven by operational leverage and lower non-recurring costs. In subsequent events, Soluna acquired the 150 MW Briscoe Wind Farm for $53 million to vertically integrate power for its Dorothy campus and purchased the remaining equity in Project Dorothy 1A for $16.5 million, achieving full ownership.

•5mo ago

Soluna Announces Monthly Business Update

Soluna closed the $53 million acquisition of the Briscoe Wind Farm, achieving full vertical integration of a renewable generation asset for the first time, and regained compliance with Nasdaq listing requirements. The company expanded its hosting operations by launching a 3 MW Bitcoin mining venture with Sazmining and announcing a fourth expansion with Blockware, surpassing 17 MW of total capacity. Development of the 300+ MW AI/HPC projects Kati 2 and Dorothy 3 is advancing, with design firms selected and active hyperscaler interest, while construction at Project Kati 1 remains on track.

•6mo ago

Soluna and Sazmining Announce 3 MW Bitcoin Mining Operation at Project Dorothy 1B

Soluna partnered with Sazmining to launch a 3 MW Bitcoin mining operation at the Project Dorothy 1B facility in West Texas. The deployment marks Sazmining’s second U.S. site and utilizes the recently acquired 150 MW Briscoe Wind Farm for power. Management indicated the operation has the potential to scale subject to demand, while continuing development on a planned 300 MW phase for AI workloads.

•6mo ago