Soluna Holdings Reports $32 Million Offering and Advances Green Data Center Projects

Soluna Holdings Inc., a developer of green data centers for applications such as Bitcoin mining and AI, announced a series of updates regarding its project-level operations and corporate developments for December 2025. The company reported the completion of a $32 million registered direct offering, aimed at strengthening its balance sheet for continued growth. At Project Dorothy, deployment efforts are ongoing to complete a 20 MW fleet upgrade for Dorothy 1A, while Dorothy 1B experienced extended curtailment periods at the month's start due to the winter demand response program. Project Dorothy 2 (48 MW, Bitcoin Hosting) continues to progress, with preparations for a 20 MW deployment at Dorothy 1 completed and new customer agreements scheduled for energizing in 2026. For Project Kati, the civil construction of Phase K1B 35 MW has advanced, with concrete pads poured and mechanical framing commencing. The company is concluding the 35 MW Hosting RFI process for Project Kati 1 and is under a non-binding letter of intent with a potential Neocloud tenant for Project Kati 2, while working with EDF to source an additional 50 MW+ from the Las Majadas wind farm. Project Grace (2 MW at Dorothy 2) is finalizing engineering for microgrid electrical design to integrate AI load. Soluna is also finalizing Power Purchase Agreements and Retail Electric Provider agreements for projects Ellen, Hedy, and Rosa, and has entered into definitive agreements to acquire land for these projects. Work continues on agreements for projects Annie, Gladys, and Fei.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Soluna Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260113391453) on January 13, 2026, and is solely responsible for the information contained therein.