Welcome to our dedicated page for SOLUNA HOLDINGS news (Ticker: SLNH), a resource for investors and traders seeking the latest updates and insights on SOLUNA HOLDINGS stock.
Soluna Holdings, Inc. (Nasdaq: SLNH) is a developer of renewable-powered data centers for intensive computing applications, including Bitcoin mining, Generative AI, and high-performance computing (HPC). The SLNH news feed on Stock Titan highlights how the company advances its Renewable Computing™ model by pairing modular data centers with wind, solar, and hydroelectric power plants.
Investors and observers following SLNH news can see regular updates on Soluna’s project portfolio, such as the wind-powered Project Dorothy campus in West Texas, the Project Kati campus in Willacy County, Texas, and the Project Grace AI/HPC pilot. Monthly business updates provide site-level metrics and progress on construction, commissioning, and customer deployments across Bitcoin hosting, proprietary mining, and AI/HPC hosting sites.
Company press releases also cover strategic partnerships and financings. Recent announcements include a Memorandum of Understanding with Siemens for a 2 MW behind-the-meter AI pilot at Project Grace, a co-development MOU with Metrobloks, LLC to build a 100+ MW AI and HPC data center at Project Kati 2, and hosting agreements with digital asset partners such as Canaan Inc., Galaxy Digital, and KULR Technology Group. Capital markets activity, including registered direct offerings and credit facilities, is disclosed through both news releases and corresponding SEC filings.
By tracking SLNH news, readers can follow how Soluna expands its renewable-powered computing footprint, progresses on projects like Dorothy, Kati, Sophie, and Grace, and refines its mix of Bitcoin mining, hosting, AI/HPC services, and demand response offerings. Bookmark this page to monitor new project milestones, partnership announcements, and corporate developments affecting Soluna’s renewable computing business.
Soluna Holdings (NASDAQ: SLNH) has signed a two-year hosting agreement with Blockware for Bitcoin mining operations at Project Dorothy 2 in Texas. The deal involves deploying approximately 1,500 S21+ mining units, targeting an initial deployment of 5 megawatts (MW).
The deployment began on April 21, 2025, with full operations expected by June 1, 2025. Blockware plans to deploy 250-350 PH/s at the site. Soluna will provide comprehensive infrastructure support, including power management, internet connectivity, and security.
The partnership leverages Soluna's renewable-powered data centers for Bitcoin mining, strengthening their pipeline of stable customers while advancing Blockware's mission to increase hashrate in the United States.
Soluna Holdings (NASDAQ: SLNH) has announced the signing of a term sheet for Project Ellen, a new 100MW data center that will be co-located with a 145MW wind farm in South Texas. The project, to be developed in two 50MW phases, will leverage wind energy for sustainable computing, including Bitcoin mining and AI applications.
Project Ellen represents a partnership with a leading renewable energy provider and aligns with Soluna's mission to optimize grid stability while scaling renewable-powered computing. Upon completion, this expansion will bring Soluna's total data center capacity to over 698MW in operation, construction, or development across multiple projects.
The company's portfolio includes nine projects, primarily wind-powered facilities in Texas, with varying capacities and purposes ranging from Bitcoin hosting and mining to AI and HPC applications. Currently, Dorothy 1A, Dorothy 1B, and Sophie are operational, while other projects like Dorothy 2, Grace, Kati, Rosa, Hedy, and Ellen are in various stages of development.
Soluna Holdings (NASDAQ: SLNH) has secured definitive agreements for two land parcels to develop Project Kati, a 166 MW data center in Texas focused on Bitcoin mining and AI computing. The project, partnering with EDF Renewables and Masdar, will be implemented in two phases, starting with 83 MW.
The shovel-ready project is expected to commence construction in 2025, with Phase 1 potentially increasing Soluna's operating capacity to over 206 MW. The company is now pursuing three key initiatives: opening bids for Bitcoin Hosting data center investors, exploring AI/HPC joint venture opportunities, and completing Tier-3 site evaluation for high-performance computing capabilities.
The land transactions' closing remains subject to final agreements with Willacy County and Lyford School District regarding tax abatements, data center transaction structuring, and final due diligence.
Soluna Holdings (NASDAQ: SLNH) has released its March 2025 business update, highlighting significant growth and developments. The company reported an 80.5% revenue increase to $38 million for 2024. Key developments include:
The company secured a $5 million non-dilutive debt financing from Galaxy Digital with a five-year term. Project Dorothy 2 is increasing Soluna's Bitcoin hosting capacity by 60% to 123 MW, with completion expected by Q4 2025. Soluna was awarded its second utility patent (US12250794B2) for modular data center thermal efficiency.
Current projects include:
- Project Dorothy 1A/1B (50 MW total) - completed customer deployments
- Project Dorothy 2 (48 MW) - ongoing commissioning
- Project Sophie (25 MW) - completed 2 MW deployment
- Project Kati (166 MW) - Phase 1 substation upgrade planned for May
Soluna Holdings (NASDAQ: SLNH) has signed a term sheet for Project Hedy, a new 120 MW data center co-located with a 200 MW wind farm in South Texas. The project, developed in partnership with a multinational conglomerate focused on sustainable infrastructure, will be built in two 60 MW phases to power Bitcoin mining, AI, and machine learning workloads.
Project Hedy will support grid stability in ERCOT and is expected to bring Soluna's total data center capacity to 598 MW in operation, construction, or development. The company currently operates multiple facilities including Dorothy 1A and 1B (25 MW each), Sophie (25 MW), with additional projects under construction like Dorothy 2 (48 MW) and others in development including Grace, Kati, and Rosa.
Soluna Holdings (NASDAQ: SLNH) reported significant growth in 2024, with revenue increasing 80.5% to $38.0 million compared to $21.1 million in 2023. The company's core operations include Bitcoin hosting, mining, and demand response services.
Key financial highlights include: Project Dorothy 1A and 1B generated $13.7 million and $17.0 million in Bitcoin hosting and mining revenue respectively. Demand Response Services contributed $2.1 million. The company maintained $10.5 million in current & restricted cash, with unrestricted cash growing 23.2% to $7.8 million.
Notable developments include breaking ground on Project Dorothy 2, which will increase Bitcoin Hosting capacity to 123 MW when completed in Q4 2025. The company also terminated its HPE GPU-as-a-Service contract, resulting in a $28.6 million loss, to focus on Bitcoin and AI data center development. Capital raised exceeded $31.5 million through various initiatives.
Soluna Holdings (NASDAQ: SLNH) has released a case study highlighting its successful partnership with Luxor Technology and BitMine Immersion Technologies in delivering a turnkey mining solution. The collaboration integrates power infrastructure, financial services, and operational support into a single model.
Through this partnership, BitMine achieved significant growth by:
- Scaling its ASIC fleet to 251.056 PH/s in nameplate hashrate
- Securing long-term power stability
- Locking in hashprice terms for consistent revenues
- Streamlining deployment and optimizing fleet performance
Soluna provided renewable power and infrastructure at Project Sophie and Project Dorothy, while Luxor contributed financial and operational expertise, including hashrate hedging, equipment financing, and fleet optimization via LuxOS firmware. The partnership demonstrates how combining power, operations, and financial strategy can drive efficiency and scale in Bitcoin mining operations.
Soluna Holdings (NASDAQ: SLNH) has begun the initial energizing and phased commissioning of Project Dorothy 2, a significant expansion of its Bitcoin Hosting capacity. The project will add 48 MW of renewable-powered capacity through three phases (18, 14, and 16 MW), bringing Soluna's total capacity to 123 MW.
The facility, connected to a 150 MW wind farm in Silverton, Texas, will be fully operational by Q4 2025. The first 18 MW phase will be ramped up in Q2 2025. Project Dorothy 2 is expected to generate annual revenue of $19-25 million with a hashrate capacity of 2.2 EH/s.
The expansion builds upon Project Dorothy 1's success, demonstrating Soluna's scalable approach to curtailment solutions and sustainable computing. The facility is designed to integrate with renewable energy sources and optimize clean energy usage while supporting Bitcoin mining workloads with reduced environmental impact.
Soluna Holdings (NASDAQ: SLNH) has secured a $5 million loan facility from Galaxy Digital (TSX: GLXY), marking a significant non-dilutive debt financing achievement. The loan features a five-year amortizing term and is secured at the project level with recourse to the parent company.
The financing demonstrates investor confidence in Soluna's business model of monetizing energy through AI and Bitcoin mining operations. Key features of the loan include the ability to prepay at any time and security to project-level assets. This strategic funding will support Soluna's continued project development and expansion in green data centers for intensive computing applications.