Soluna Begins Energization of Project Kati 1, adding 83 MWs to Total Capacity

Core Insights - Soluna Holdings, Inc. has begun the energization of Project Kati 1, which will add 83 MW to its total capacity, pushing available compute capacity beyond 200 MW [1] - The project is a wind-powered data center campus in South Texas dedicated to Bitcoin mining, with a projected hashrate capacity of 3.5 EH/s and anticipated annual revenue between $17.3 million and $19.6 million [1] Project Kati 1 Details - Location: Willacy County, Texas [1] - Primary power source: Wind [1] - Phased commissioning: Kati 1A (48 MW) expected to be fully operational by early Q2 and Kati 1B (35 MW) expected to be completed by the end of Q3 [1] - Initial energization date: February 9, 2026 [1] - Total size: 83 MW [1] Strategic Partnerships and Appointments - Soluna has executed an Equipment Supply Agreement with Cormint Data Systems for a 12 MW deployment at Project Kati 1 [2] - Michael Picchi has been appointed as Chief Financial Officer and Treasurer, effective April 1, 2026, to lead the finance organization and support capital strategy [2] - A Memorandum of Understanding has been signed with Metrobloks to co-develop Project Kati 2, which aims to unlock over 100 MW of AI and HPC capacity [2]