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.
Key figures
- Deal Value Usd
- 0
- Apld ownership pct
- 51%
- Slnh ownership pct
- 49%
- Project capacity mw
- 50
- Wind farm capacity mw
- 150
AI analysis
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