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Soluna Holdings, Inc. develops green data centers that convert renewable energy into computing power for intensive applications including Bitcoin mining and artificial intelligence. Company news commonly covers customer deployments and hosting partnerships at Project Dorothy, site-level operating updates, renewable-power integration, and expansion of compute capacity across its data-center campuses.
Soluna updates also include completed energy-asset acquisitions, such as the Briscoe Wind Farm, that connect power generation with data-center operations. Other recurring disclosures address capital actions, investor communications, and Nasdaq listing compliance for its SLNH common stock.
Soluna (NASDAQ: SLNH) announced that a subsidiary has entered into a co-mining agreement with Dory Creek, LLC, a wholly owned subsidiary of Bitdeer Technologies Group (NASDAQ: BTDR), for deployment of about 28 MW of Bitcoin mining equipment at Project Kati 1 in South Texas.
The deployment, using Bitdeer’s Sealminer A2 Pro Air machines, represents roughly 1.93 EH/s of hash rate and is scheduled to begin ramping in batches from September 2026. Soluna will provide the site, power, and operations, while both parties share mining proceeds. Project Kati 1 is an 83 MW wind-powered data center and part of Soluna’s 192 MW operating capacity, with an additional 14 MW under construction and a 6.3 GW development pipeline.
Soluna Holdings (NASDAQ: SLNH) has closed the purchase of 397 acres in Briscoe County, Texas, to host Project Dorothy 3, a planned renewable-first AI computing campus with potential capacity of up to 300 MW. The site is adjacent to Soluna’s Projects Dorothy 1 and 2 and to the 150 MW Briscoe Wind Farm, acquired in April, whose substation lies directly across from the new property, enabling potential behind-the-meter use of company-owned generation. The acquired land exceeds the 300 acres originally identified, providing space for additional data halls if more generation or storage becomes available. Project Dorothy 3 forms part of Soluna’s development pipeline of about 6.3 GW across multiple sites, alongside roughly 192 MW of currently energized capacity.
Soluna (NASDAQ: SLNH) reported Q2 2026 revenue of $15.1 million, up 60% sequentially and 145% year-over-year (73% excluding a change to gross presentation of pass-through power costs). Gross profit was $0.8 million, with a net loss of $(22.6) million and adjusted EBITDA loss of $(1.6) million, a 25% improvement versus Q1.
The company completed vertical integration of Project Dorothy 1 by buying the 150 MW Briscoe wind farm and partners’ stakes in Dorothy 1A/1B, and signed a Kati 2 AI joint venture with Metrobloks targeting up to 350 MW IT capacity. Kati 1 reached 48 MW and delivered its first positive gross profit, while Dorothy 1A posted record quarterly revenue and a 28% gross margin. Soluna expanded its development pipeline to about 6.3 GW, ended Q2 with $113.4 million unrestricted cash and $33.1 million total debt, and subsequently raised about $23.6 million via its ATM program.
Soluna (Nasdaq: SLNH) will release its second quarter 2026 financial results on Thursday, August 13, 2026, and host a conference call and webcast at 5:00 PM ET. Investors can register online for the webcast or phone dial-in with live Q&A, and a replay will be available shortly after at the company’s investor relations website.
Soluna (Nasdaq: SLNH) has appointed former Microsoft hyperscale executive Ryan Carver as Chief Development Officer, effective immediately. He will oversee the full lifecycle of Soluna’s AI/HPC data center platform, from site origination and power procurement through design, construction, commissioning, and operations, reporting directly to CEO John Belizaire and joining the Senior Leadership Team.
According to Soluna, Carver previously led AI construction and site development at Microsoft, managing a construction P&L in the tens of billions of dollars and overseeing major AI data center campuses, including the Fairwater campus in Wisconsin. At Soluna, he will integrate development, construction, technology operations, and power into a unified delivery engine as the company scales its behind-the-meter, renewable-powered AI infrastructure platform.
Soluna (NASDAQ: SLNH) provided a June 2026 operational update covering its green data center portfolio for Bitcoin mining and AI/HPC hosting. The company reported that Projects Dorothy 1A/1B (50 MW), Dorothy 2 (48 MW), and Sophie (25 MW) all operated strongly and remained at full customer or power capacity despite increased 4CP-related curtailments.
Project Kati 1 (83 MW) saw steady performance at the 48 MW K1A Galaxy site, while construction of K1B advanced with substantial completion of Phase 2 Soluna modular data centers (9 MW) and Phase 3 (14 MW) progressing ahead of schedule. For Project Kati 2 (350+ MW), Soluna selected and began onboarding a general contractor, completed roughly 50% of detailed design, and signed a Letter of Intent with a potential tenant to move into commercial lease negotiations.
Soluna was added to the Russell 3000 and Russell 2000 Value indexes and plans its first Q2 2026 earnings call on August 13, 2026. Early-stage development continued at Dorothy 3 (300+ MW) and across additional projects in its pipeline, while Briscoe Wind Farm repairs advanced after weather-related delays and Q2 renewable energy credit sales were completed.
Soluna (NASDAQ: SLNH) released its May 2026 business update, highlighting Q1 2026 revenue up 58% year-over-year, the fourth straight growth quarter. Bitcoin hosting revenue rose 178% YoY, with a record hash rate and 147 MW under management.
Soluna acquired full ownership of Project Dorothy 1B, regaining 100% of the Dorothy 1 campus, regained Nasdaq compliance, and engaged an investment bank to raise capital for Kati 2. Multiple projects advanced, including Kati 1 construction, a Kati 2 joint venture with Metrobloks, Dorothy 3 land purchase, and new 74 MW Project Annie.
Soluna (NASDAQ: SLNH) acquired the remaining 49% equity in Project Dorothy 1B from Navitas Global for about $8.8 million, funded with balance sheet cash. The May 19, 2026 closing gives Soluna 100% ownership of D1B.
Combined with prior purchases of Briscoe Wind Farm and Dorothy 1A, Soluna now controls the full generation-to-compute chain for 50 MW at the Dorothy 1 campus, supported by 150 MW of owned renewable power. According to Soluna, this unencumbered structure is a prerequisite for converting Dorothy 1 to AI and high-performance computing and for marketing the planned Dorothy 3 AI infrastructure. The company’s development pipeline now exceeds 4.3 GW, including over 1 GW in development, construction, and operations.
Soluna (NASDAQ: SLNH) reported Q1 2026 revenue of $9.4 million, up 58% year-over-year and its fourth straight sequential increase. Net loss widened to $17.9 million, while Adjusted EBITDA loss was $2.1 million. Key growth drivers were Projects Dorothy 2, Dorothy 1A, and Kati 1.
The company completed Kati 1A (48 MW), advanced its Kati 2 AI JV, and finished a 20 MW upgrade at Dorothy 1A. After quarter-end, Soluna acquired the 150 MW Briscoe Wind Farm for $53 million and the remaining equity of Dorothy 1A, and launched development of the 300+ MW Dorothy 3 AI campus.
Soluna Holdings (NASDAQ: SLNH) provided a monthly business update on May 7, 2026 outlining project-level operations, development milestones, and corporate actions.
Key facts: closed a $53M acquisition of the Briscoe Wind Farm; acquired full ownership of Project Dorothy 1A; launched a 3 MW Bitcoin mining operation with Sazmining at Dorothy 1B; surpassed 17 MW total hosting capacity with Blockware; regained Nasdaq compliance. Multiple projects (Kati, Dorothy expansions, Grace) are in construction or development with geotechnical work, design selection, and commissioning activities underway.