Bitdeer, Soluna (NASDAQ: SLNH) plan Texas wind-powered Bitcoin mine
Rhea-AI Filing Summary
Soluna Holdings, Inc. (SLNH) reported that one of its subsidiaries entered into a co-mining agreement with Dory Creek, LLC, a wholly owned subsidiary of Bitdeer Technologies Group. Under this agreement, Bitdeer will deploy about 28 MW of Bitcoin mining equipment, representing roughly 1.93 EH/s of hash rate, at Soluna’s wind-powered Project Kati 1 data center in South Texas. Deployment is expected to begin in September 2026 and ramp in batches. Project Kati 1 is described as an 83 MW site, contributing to Soluna’s total of 192 MW of operating data center capacity and a development pipeline of 6.3 GW across projects in various stages.
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Filing Explained
The agreement adds a co-mining structure at Project Kati 1: Bitdeer will supply and own the Bitcoin-mining equipment, while Soluna provides the site, power, and turnkey operations. The parties will share the mining proceeds generated by the deployment, which is scheduled to begin in September 2026 and ramp in batches; the filing does not report that deployment as completed.
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
Bitdeer deployment capacity: 28 MW
Bitdeer hash rate: 1.93 EH/s
Project Kati 1 capacity: 83 MW
+4 more
7 metrics
Bitdeer deployment capacity
28 MW
Bitcoin mining equipment to be deployed at Project Kati 1 under the co-mining agreement
Bitdeer hash rate
1.93 EH/s
Approximate hash rate represented by Bitdeer’s 28 MW deployment at Project Kati 1
Project Kati 1 capacity
83 MW
Wind-powered data center capacity at Kati 1 in Willacy County, Texas
Operating data center capacity
192 MW
Total data center capacity in operation across Soluna’s projects in Kentucky and Texas
Capacity under construction at Kati 1
14 MW
Additional data center capacity under construction at Project Kati 1
Development pipeline
6.3 GW
Total capacity of Soluna’s development pipeline across projects in planning, development, and assessment
Preferred dividend rate
9.0%
9.0% Series A Cumulative Perpetual Preferred Stock listed under symbol SLNHP
Key Terms
co-mining arrangement, hash rate, exahashes per second (EH/s), Cumulative Perpetual Preferred Stock, +1 more
5 terms
co-mining arrangement financial
"The agreement takes the form of a co-mining arrangement, a new structure"
hash rate technical
"representing approximately 1.93 EH/s of hash rate, at Soluna’s Project Kati 1"
Hash rate is the measure of how quickly a computer system can process complex calculations needed to verify transactions and add new blocks to a blockchain. It can be thought of as the speed at which a miner's equipment works, similar to how a car's horsepower indicates its power. Higher hash rates generally mean more mining power and greater chances of earning rewards, making it an important indicator of the network's security and competitiveness.
exahashes per second (EH/s) technical
"Hash rate is measured in exahashes per second (EH/s) and reflects"
A measure of computing power equal to one quintillion (10^18) cryptographic hashing attempts per second, commonly used to describe the total processing speed of a cryptocurrency network or mining equipment. Think of it as the number of rapid “guesses” a system can make every second to solve a puzzle; higher exahashes per second mean stronger network security, greater competition among miners, and potential impacts on miner profitability, energy use, and the supply dynamics that matter to investors.
Cumulative Perpetual Preferred Stock financial
"9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share"
A cumulative perpetual preferred stock is a share that acts like a long-lasting hybrid between a bond and a dividend-paying stock: it promises regular fixed payments that, if missed, accumulate and must be paid later before common shareholders get dividends, and it has no set maturity date. Investors care because it can provide steady, higher-priority income similar to interest, but with limited capital upside, sensitivity to interest rates, and the risk that payments can be delayed even though they continue to accrue.
forward-looking statements regulatory
"This announcement contains forward-looking statements. These statements are made under"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
What agreement did Soluna Holdings (SLNH) announce with Bitdeer?
Soluna announced that a subsidiary entered into a co-mining agreement with Bitdeer’s subsidiary Dory Creek, LLC. Bitdeer will deploy about 28 MW of Bitcoin mining equipment at Soluna’s Project Kati 1 in South Texas, and the parties will share the mining proceeds.
How much mining capacity is Bitdeer deploying at Soluna’s Project Kati 1?
Bitdeer will deploy approximately 28 MW of Bitcoin mining equipment at Project Kati 1, representing about 1.93 EH/s of hash rate, according to Soluna. Hash rate in exahashes per second (EH/s) reflects the computing power dedicated to Bitcoin mining.
When is the Bitdeer deployment at Soluna’s Project Kati 1 expected to begin?
The Bitdeer deployment at Soluna’s Project Kati 1 is expected to begin in September 2026, with the deployment ramping in batches. The Kati 1 site delivered its first gross profit in the second quarter of 2026.
What is the total operating data center capacity of Soluna Holdings (SLNH)?
Soluna reports having 192 MW of data center capacity in operation across Project Sophie in Kentucky and Projects Dorothy 1, Dorothy 2, and Kati 1 in Texas, with an additional 14 MW under construction at Kati 1.
How large is Soluna Holdings’ (SLNH) development pipeline?
Soluna states that its development pipeline totals 6.3 GW of projects in planning, development, and assessment with power partners, complementing its existing 192 MW of operating capacity.
What is the structure of the co-mining arrangement between Soluna and Bitdeer?
In the co-mining arrangement, Soluna provides the site, power, and turnkey operations, while Bitdeer provides and owns its Sealminer A2 Pro Air mining equipment. The parties share the mining proceeds generated by the deployment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
