Soluna completes 83 MW Kati site, reaches 206 MW
Soluna completes the 83 MW Kati 1 site, lifts operating capacity to 206 MW, and receives conditional Base Load status for the full 166 MW Kati campus from ERCOT.
Rhea-AI Filing Summary
Soluna Holdings, Inc. (SLNH) reports two key milestones at its Project Kati campus in Willacy County, Texas. The company energized the final 14 MW at Project Kati 1, completing the 83 MW first-phase site, and now has total operating capacity of about 206 MW.
ERCOT has conditionally classified the full 166 MW Kati campus as Base Load in its Batch Zero interconnection process, covering both Kati 1 and the planned Kati 2 AI expansion. Soluna also highlights a development pipeline of about 6.3 GW, including more than 650 MW of AI and high-performance computing capacity in development at Kati 2 and Project Dorothy 3.
Positive
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Negative
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Filing Explained
ERCOT’s Base Load classification preserves the Kati campus’s interconnection capacity without further reliability evaluation or megawatt allocation in Batch Zero, but the classification remains conditional: ERCOT may remove it if the applicant does not respond to information requests during verification.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Final capacity energized at Kati 1: 14 MW
Project Kati 1 capacity: 83 MW
Full Kati campus capacity: 166 MW
+5 more
8 metrics
Final capacity energized at Kati 1
14 MW
Final increment energized to complete Project Kati 1
Project Kati 1 capacity
83 MW
First phase of the 166 MW Project Kati campus dedicated to Bitcoin hosting
Full Kati campus capacity
166 MW
Total capacity of Project Kati, including planned Kati 2 AI expansion
Total operating capacity
206 MW
Soluna’s company-wide operating capacity after completing Project Kati 1
Kati 1A capacity
48 MW
Kati 1A completed April 1 and filled by Galaxy Digital
Development pipeline
6.3 GW
Approximate total capacity in Soluna’s development pipeline
AI and HPC capacity in development
650 MW
AI and high-performance computing capacity in development at Kati 2 and Project Dorothy 3
ERCOT large load queue
438,000 MW
Large load interconnection requests in ERCOT’s queue as of mid-2026, nearly 90% from data centers
Key Terms
Base Load, Batch Zero interconnection process, behind the meter, co-mining agreement, +2 more
6 terms
Base Load technical
"classified the full 166 MW Kati campus ... as Base Load in its Batch Zero"
The minimum, continuous level of electricity demand that a power system needs to meet at all times, regardless of daily ups and downs. Think of it like the background hum of demand that never goes away — power plants or contracts that supply that steady demand typically run continuously and provide predictable output, which affects utility revenues, capacity planning, pricing and how investors value generation assets and long-term contracts.
Batch Zero interconnection process technical
"as Base Load in its Batch Zero interconnection process"
behind the meter technical
"Built behind the meter, the campus converts stranded renewable energy"
Energy generation or equipment located on a customer’s side of the utility meter, such as rooftop solar panels, battery storage, electric vehicle chargers or energy-saving controls. It matters to investors because it reduces the amount of electricity bought from utilities, can lower operating costs for businesses, change utility revenue patterns, and shift demand in energy markets—like a homeowner installing a rain barrel that cuts water bought from the city and alters suppliers’ sales.
co-mining agreement financial
"The co-mining agreement with Bitdeer announced in August is now underway"
high-performance computing technical
"Kati 2 will add 83 MW for AI and high-performance computing"
A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.
stranded renewable energy technical
"the campus converts stranded renewable energy into productive computing capacity"
FAQ
What milestone at Project Kati 1 did Soluna Holdings (SLNH) announce?
Soluna energized the final 14 MW at Project Kati 1, completing the 83 MW first-phase site at its 166 MW wind-powered campus in Willacy County, Texas.
How did this milestone affect Soluna Holdings (SLNH) operating capacity?
With Project Kati 1 complete, Soluna’s total operating capacity increased to approximately 206 MW, in line with the timeline it previously outlined on its second-quarter earnings call.
What did ERCOT conditionally grant Soluna’s 166 MW Kati campus?
ERCOT has conditionally classified Soluna’s full 166 MW Kati campus, including the planned Kati 2 AI expansion, as Base Load within its Batch Zero interconnection process, pending completion of ERCOT’s verification process.
What is Soluna Holdings (SLNH) future development pipeline?
Soluna reports a development pipeline of approximately 6.3 GW, including more than 650 MW of AI and high-performance computing capacity in development at Kati 2 and Project Dorothy 3.
What role do Galaxy Digital and Bitdeer play in Soluna’s Kati projects?
Kati 1A’s 48 MW was filled by Galaxy Digital, and a co-mining agreement with Bitdeer is underway, with equipment being delivered and deployed at the Kati 1 site.
How large is ERCOT’s large-load interconnection queue mentioned by Soluna (SLNH)?
Soluna cites ERCOT data that more than 438,000 MW of large load interconnection requests were in the queue as of mid-2026, with nearly 90% coming from data centers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
