Core Insights - Soluna Holdings Inc. has made significant progress on multiple projects, including nearing completion of its 48-megawatt Project Dorothy 2 data center and groundbreaking of its 166-megawatt Project Kati facility [1][2] - The company secured a $100 million credit facility from Generate Capital and resolved operational hurdles with NYDIG, positioning itself for accelerated growth in Bitcoin mining and AI computing markets [1][4] Project Updates - Phases 1 and 2 of Project Dorothy 2 are fully operational, with the final 18-megawatt phase expected to go live in November, increasing hosting capacity and pushing total hash rate above four exahashes per second [5] - Project Kati, a 166-megawatt wind-powered facility, is under active construction with civil work and substation upgrades already underway [5] Financial and Compliance Milestones - Soluna regained compliance with Nasdaq's listing requirements, restoring full trading status and boosting investor confidence [4] - The $100 million credit line from Generate Capital will fund construction and refinancing, including an initial $12.6 million draw in September for key data center projects [4] Strategic Partnerships - The company signed a 20-megawatt hosting deal with Canaan Inc. to deploy Avalon A15 XP Bitcoin miners at Project Dorothy [6] - Soluna joined the Texas Blockchain Council to enhance its presence in the renewable energy and blockchain sectors and plans to participate in the North American Blockchain Summit in Dallas [6] Market Reaction - Following these announcements, SLNH shares were trading 16.67% higher at $2.10 [7]