October 7, 2025 — Leads & Copy — Soluna Holdings, Inc. (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, has announced its September 2025 project site-level operations, developments, and updates.
The company provided corporate and site updates, including a settlement with NYDIG, regaining Nasdaq compliance, and securing a $100 million credit facility from Generate Capital. Soluna also signed a strategic agreement with Canaan Inc. to deploy 20 MW of next-generation Bitcoin miners at Project Dorothy in Texas and surpassed 4 EH/s of hash rate under management.
Other key developments include groundbreaking at Project Kati, a 166 MW wind-powered data center in Texas, and joining the Texas Blockchain Council. Soluna’s team will attend the North American Blockchain Summit in Dallas, TX, and CTO Dip Patel will speak at Infocast’s Energy Independence Summit in Houston, TX.
Project updates include improvements at Dorothy 1A and 1B, commissioning underway for Dorothy 2 Phase 3, and preparations for new customer deployments at Project Sophie. Civil construction is ongoing for Project Kati 1, and a substation upgrade is scheduled for Project Kati 2. The conceptual design for behind-the-meter AI power and cooling infrastructure at Project Grace has been completed.
Pipeline highlights include completed PPA agreement drafts for projects Ellen, Hedy, Annie, Gladys, and Fei, totaling 545 MW. A new partnership agreement was completed with Canaan, and the Project Kati 35 MW Hosting RFP process is kicking off.
John Belizaire, CEO of Soluna.
Source: Soluna Holdings, Inc.
