Soluna Holdings Reports Progress on AI and Bitcoin Data Center Projects

Reuters02-12
Soluna Holdings Reports Progress on AI and Bitcoin Data Center Projects

Soluna Holdings Inc., a developer of green data centers for intensive computing applications such as Bitcoin mining and AI, released its January 2026 project site-level operations and business update. The company is engineering a 350MW AI campus for Project Kati 2 and has partnered with Metrobloks to unlock over 100 MW of AI and high-performance computing capacity at the site. Soluna is also collaborating with Siemens to address GPU power volatility in behind-the-meter AI deployments. At Project Dorothy 1A (25 MW, Bitcoin Hosting), customer deployments are underway for a 20 MW fleet upgrade, expected to complete by the end of February. Both Dorothy 1A and 1B experienced increased curtailment time due to winter storms and resulting grid demand. Project Dorothy 2 (48 MW, Bitcoin Hosting) operated at full capacity but also faced increased curtailment for similar reasons. Project Sophie (25 MW, Bitcoin Hosting) continued steady operations despite challenging wintry conditions. Pipeline highlights include finalizing power purchase agreements and retail electric provider agreements for the Ellen, Hedy, and Rosa projects. Project Annie has entered the Transmission/Distribution Service Provider planning queue and does not require the ERCOT Large Flexible Load process. PPA negotiations are advancing for projects Annie, Gladys, and Fei, and a definitive purchase and sale agreement has been executed for 18 acres of land for Project Annie. Additionally, Michael Picchi has been appointed Chief Financial Officer of Soluna, effective April 1, 2026.

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: 20260212269143) on February 12, 2026, and is solely responsible for the information contained therein.

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