Soluna Land Purchase Secures Up to 187 MW of Sustainable Energy for AI and Bitcoin Mining at Project Rosa
Soluna Holdings (NASDAQ: SLNH) has secured a land purchase agreement for 60 acres to develop Project Rosa, a new data center that will harness up to 187 MW of renewable energy for AI and Bitcoin mining operations.
The project will be strategically co-located with a 240 MW wind farm in Texas, allowing direct access to sustainable energy. Project Rosa will be developed in two phases and aligns with Soluna's mission to utilize excess renewable energy while creating sustainable, scalable, low-cost data centers for next-generation computing workloads.
"Securing these land agreements is a critical achievement for Soluna," said John Belizaire, CEO. "Project Rosa not only enhances our operational capacity but also reinforces our commitment to delivering sustainable, cutting-edge solutions in high performance computing."
The project is named after Rosalind Franklin, a chemist whose work was central to understanding the molecular structures of DNA, RNA, and viruses, continuing Soluna's tradition of naming data centers after women who have made significant contributions to science and technology.
Soluna Holdings (NASDAQ: SLNH) ha stipulato un accordo per l'acquisto di un terreno di 60 acri per sviluppare Project Rosa, un nuovo centro dati che sfrutterà fino a 187 MW di energia rinnovabile per le operazioni di mining di AI e Bitcoin.
Il progetto sarà strategicamente co-localizzato con un parco eolico da 240 MW in Texas, consentendo un accesso diretto all'energia sostenibile. Il Project Rosa sarà sviluppato in due fasi e si allinea con la missione di Soluna di utilizzare l'energia rinnovabile in eccesso creando centri dati sostenibili, scalabili e a basso costo per i carichi di lavoro di calcolo di nuova generazione.
“Assicurarsi questi accordi per il terreno è un risultato fondamentale per Soluna,” ha dichiarato John Belizaire, CEO. “Il Project Rosa non solo aumenta la nostra capacità operativa, ma rafforza anche il nostro impegno a fornire soluzioni sostenibili e all'avanguardia nel calcolo ad alte prestazioni.”
Il progetto prende il nome da Rosalind Franklin, una chimica il cui lavoro è stato centrale per comprendere le strutture molecolari del DNA, RNA e dei virus, continuando la tradizione di Soluna di nominare i centri dati in onore di donne che hanno dato contributi significativi alla scienza e alla tecnologia.
Soluna Holdings (NASDAQ: SLNH) ha asegurado un acuerdo de compra de terreno de 60 acres para desarrollar Project Rosa, un nuevo centro de datos que aprovechará hasta 187 MW de energía renovable para operaciones de minería de IA y Bitcoin.
El proyecto estará estratégicamente co-localizado con un parque eólico de 240 MW en Texas, permitiendo acceso directo a energía sostenible. El Project Rosa se desarrollará en dos fases y se alinea con la misión de Soluna de utilizar energía renovable excedente mientras crea centros de datos sostenibles, escalables y de bajo costo para cargas de trabajo de computación de nueva generación.
“Asegurar estos acuerdos de terreno es un logro crítico para Soluna,” dijo John Belizaire, CEO. “El Project Rosa no solo mejora nuestra capacidad operativa, sino que también refuerza nuestro compromiso de ofrecer soluciones sostenibles y de vanguardia en computación de alto rendimiento.”
El proyecto lleva el nombre de Rosalind Franklin, una química cuyo trabajo fue central para entender las estructuras moleculares del ADN, ARN y virus, continuando la tradición de Soluna de nombrar centros de datos en honor a mujeres que han hecho contribuciones significativas a la ciencia y la tecnología.
Soluna Holdings (NASDAQ: SLNH)는 Project Rosa를 개발하기 위해 60에이커의 토지 구매 계약을 체결했습니다. 이 데이터 센터는 AI 및 비트코인 채굴 작업을 위해 최대 187 MW의 재생 가능 에너지를 활용할 것입니다.
이 프로젝트는 텍사스에 있는 240 MW 풍력 발전소와 전략적으로 공동 위치하여 지속 가능한 에너지원에 직접 접근할 수 있도록 합니다. Project Rosa는 두 단계로 개발되며, 과잉 재생 가능 에너지를 활용하고 차세대 컴퓨팅 작업을 위한 지속 가능하고 확장 가능한 저비용 데이터 센터를 만드는 솔루나의 사명과 일치합니다.
“이러한 토지 계약을 확보하는 것은 솔루나에게 중요한 성과입니다.”라고 John Belizaire, CEO가 말했습니다. “Project Rosa는 우리의 운영 능력을 향상시킬 뿐만 아니라 고성능 컴퓨팅에서 지속 가능한 최첨단 솔루션을 제공하겠다는 우리의 약속을 강화합니다.”
이 프로젝트는 Rosalind Franklin의 이름을 따왔으며, 그녀는 DNA, RNA 및 바이러스의 분자 구조를 이해하는 데 중요한 역할을 한 화학자입니다. 이는 과학과 기술에 중요한 기여를 한 여성들의 이름을 따서 데이터 센터를 명명하는 솔루나의 전통을 이어갑니다.
Soluna Holdings (NASDAQ: SLNH) a conclu un accord d'achat de terrain de 60 acres pour développer Project Rosa, un nouveau centre de données qui exploitera jusqu'à 187 MW d'énergie renouvelable pour les opérations de minage d'IA et de Bitcoin.
Le projet sera stratégiquement co-localisé avec un parc éolien de 240 MW au Texas, permettant un accès direct à une énergie durable. Le Project Rosa sera développé en deux phases et s'aligne avec la mission de Soluna d'utiliser l'énergie renouvelable excédentaire tout en créant des centres de données durables, évolutifs et à faible coût pour les charges de travail de calcul de nouvelle génération.
“Sécuriser ces accords de terrain est un accomplissement crucial pour Soluna,” a déclaré John Belizaire, CEO. “Le Project Rosa améliore non seulement notre capacité opérationnelle, mais renforce également notre engagement à fournir des solutions durables et à la pointe de la technologie dans le calcul haute performance.”
Le projet est nommé d'après Rosalind Franklin, une chimiste dont le travail a été central pour comprendre les structures moléculaires de l'ADN, de l'ARN et des virus, poursuivant ainsi la tradition de Soluna de nommer les centres de données d'après des femmes ayant apporté des contributions significatives à la science et à la technologie.
Soluna Holdings (NASDAQ: SLNH) hat einen Kaufvertrag über 60 Acres für die Entwicklung von Project Rosa gesichert, einem neuen Rechenzentrum, das bis zu 187 MW erneuerbarer Energie für AI- und Bitcoin-Mining-Operationen nutzen wird.
Das Projekt wird strategisch mit einem 240 MW Windpark in Texas ko-lokalisiert, was einen direkten Zugang zu nachhaltiger Energie ermöglicht. Project Rosa wird in zwei Phasen entwickelt und steht im Einklang mit Solunas Mission, überschüssige erneuerbare Energie zu nutzen und gleichzeitig nachhaltige, skalierbare und kostengünstige Rechenzentren für die Arbeitslasten der nächsten Generation zu schaffen.
„Diese Grundstücksverträge zu sichern, ist ein entscheidender Erfolg für Soluna“, sagte John Belizaire, CEO. „Project Rosa erhöht nicht nur unsere Betriebskapazität, sondern verstärkt auch unser Engagement für die Bereitstellung nachhaltiger, innovativer Lösungen im Bereich des Hochleistungsrechnens.“
Das Projekt ist nach Rosalind Franklin benannt, einer Chemikerin, deren Arbeit entscheidend zum Verständnis der molekularen Strukturen von DNA, RNA und Viren beigetragen hat, und setzt damit Solunas Tradition fort, Rechenzentren nach Frauen zu benennen, die bedeutende Beiträge zur Wissenschaft und Technologie geleistet haben.
- Secured land purchase agreement for 60 acres to develop Project Rosa
- Project will provide up to 187 MW of renewable energy capacity
- Strategic co-location with 240 MW wind farm in Texas
- Expansion of sustainable data center capacity for AI and Bitcoin mining
- Project completion timeline not specified
- Financial terms of the land purchase not disclosed
- Multiple development phases may delay full capacity implementation
- Forward-looking statements subject to various risk factors noted in SEC filings
Insights
Soluna Holdings' land acquisition for Project Rosa represents a pivotal infrastructure expansion that could significantly transform the company's operational capacity and market position. The planned 187 MW facility co-located with a 240 MW wind farm in Texas marks an ambitious scaling effort for a company with a modest $14.4 million market capitalization.
This development should be viewed through both opportunity and execution risk lenses. The land purchase agreement secures the physical foundation for growth, but represents just the first step in a capital-intensive development process. For context, modern data centers typically cost $10-25 million per MW to build, potentially putting the total project investment well above Soluna's current market value, raising critical questions about financing strategies.
The phased implementation approach suggests management recognizes the capital constraints, though no specific timeline or funding details were provided. This two-phase strategy allows for more manageable capital deployment while potentially generating revenue from the first phase to support subsequent expansion.
Strategically, Soluna's positioning at the nexus of renewable energy and high-performance computing addresses two significant market trends: the explosive growth in AI computational demands and the ongoing evolution of Bitcoin mining economics post-halving. By co-locating with a wind farm, Soluna can potentially secure lower electricity costs—the primary operating expense for both mining and AI operations—while mitigating intermittency issues that typically challenge wind power utilization.
The Texas location offers additional advantages through the state's independent power grid (ERCOT), which provides unique opportunities for demand response programs and energy arbitrage that can further optimize operational economics.
While the announcement signals ambitious growth intentions, investors should monitor several key metrics as this project develops: 1) capital raising activities and terms, 2) construction timelines and budget adherence, 3) customer pre-commitments for the AI portion of the facility, and 4) realized power purchase economics. The coming quarters will reveal whether Soluna can successfully transition from land acquisition to operational scaling in this competitive landscape.
Agreement Secures 60 Acres of Land for Project Development, Expected to Unlock up to 187 MW of Sustainable Energy for AI and Bitcoin Mining
Soluna's Project Rosa will provide up to 187 MW of sustainable energy, executed in two phases, specifically allocated to support high-performance computing tasks in AI and Bitcoin mining. (Photo: Business Wire)
Key Project Highlights:
- Soluna Capacity Expansion: Project Rosa will provide up to 187 MW of sustainable energy, executed in two phases, specifically allocated to support high-performance computing tasks in AI and Bitcoin mining.
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Strategic Land Acquisition: Project Rosa will be strategically co-located with a 240 MW wind farm in
Texas , enabling the project to harness a substantial share of its renewable energy directly. Soluna has secured the land purchase agreement for the 60 acres of land necessary for this project’s development, an important milestone in its journey to shovel readiness.
- Environmental and Economic Impact: The development of the new data center aligns with Soluna’s mission to utilize excess renewable energy and create sustainable, scalable, low-cost data centers for next-generation workloads.
“Securing these land agreements is a critical achievement for Soluna,” said John Belizaire, CEO of Soluna. “Project Rosa not only enhances our operational capacity but also reinforces our commitment to delivering sustainable, cutting-edge solutions in high performance computing.”
With Project Rosa, Soluna continues its tradition of naming its data centers after women who have made significant contributions to science and technology. The project is named after Rosalind Franklin, a chemist whose work was central to understanding the molecular structures of DNA, RNA, and viruses.
For more information on Soluna and its projects, please visit solunacomputing.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
About Soluna Holdings, Inc (SLNH)
Soluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit solunacomputing.com. Follow us on X (formerly Twitter) at @SolunaHoldings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250225655513/en/
Cybele Ramirez
Director, Marketing
Soluna Holdings, Inc.
ir@soluna.io
Source: Soluna Holdings, Inc.
FAQ
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