([BUSINESS WIRE])--Soluna Holdings, Inc. ("Soluna†or the "Company†) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, today announced that it has executed an Equipment Supply Agreement with Cormint Data Systems ("Cormint†), a Texas based firm that has designed, delivered, and operationalized more than 130MW of data center infrastructure, to support a 12 MW deployment at Project Kati 1 in Willacy County, Texas. U...## Soluna Appoints ...

"Project Kati is our blueprint for Renewable Computing at scale, and this agreement set the stage for accelerating the scale of our platform,†said John Belizaire, CEO of Soluna. "By securing modular, integrated infrastructure for the Kati deployment, we're aligning equipment delivery with available clean power and building in the flexibility to scale as demand evolves.†The eight modular units feature a patented pre-fabricated design that enables rigorous full-system testing and quality control checks befo ...

Core Viewpoint - Soluna Holdings, Inc. has signed a Memorandum of Understanding with Metrobloks to co-develop Project Kati 2, a data center aimed at supporting AI and high-performance computing, with an initial capacity of over 100 MW [1][2]. Group 1: Project Overview - Project Kati 2 will be located in Willacy County, Texas, and is expected to be the first phase of a larger campus with a total capacity roadmap exceeding 300 MW [1]. - The partnership aims to leverage Soluna's renewable energy resources and Metrobloks' AI-ready infrastructure to expedite the deployment of high-density computing solutions [2][4]. Group 2: Partnership Details - Metrobloks will lead the design, development, leasing, and operations of Project Kati 2, while Soluna will provide site control, power entitlements, and development expertise [3]. - Both companies will collaborate to secure third-party capital for the project, which is currently under a non-binding letter of intent from a potential tenant [3][4]. Group 3: Market Demand and Infrastructure - The project addresses the urgent market demand for available power and capacity for AI and HPC applications, with a focus on scalable solutions [4]. - Soluna's existing infrastructure at Project Kati, which broke ground in September 2025, is designed to support both digital assets and AI workloads, establishing it as a dual-purpose facility [4].

Core Insights - Soluna Holdings, Inc. has signed a Memorandum of Understanding with Siemens to develop a pilot project aimed at managing power demand for AI and high-performance computing using renewable energy [1][5] - The 2 MW pilot will be deployed at Soluna's Project Grace site in Texas, integrating Siemens' electrical infrastructure and controls to create a repeatable model for future AI deployments at renewable generation sites [2][3] Company Overview - Soluna Holdings focuses on developing green data centers for intensive computing applications, including Bitcoin mining and AI, by utilizing surplus renewable energy [9] - The company aims to transform renewable energy into global computing resources, strategically co-locating data centers with wind, solar, or hydroelectric power plants [9] Project Details - The pilot project will document performance under fast load steps and variable compute demand, addressing challenges posed by GPU-driven workloads on power stability [2][3] - The facility will utilize Siemens' SICAM SCADA platform for monitoring and control, ensuring scalability, grid stability, and energy efficiency [4] Strategic Goals - The partnership aims to optimize existing infrastructure to support the growing demand for AI technology while leveraging clean energy at competitive costs [4][5] - Soluna and Siemens expect to validate a scalable blueprint for behind-the-meter renewable compute, enhancing grid stability, energy efficiency, and reducing carbon impact [5]

Core Insights - Soluna Holdings, Inc. has completed Phase 3 of Project Dorothy 2 and is beginning development on Project Kati-2 for AI applications, while expanding its board with the appointment of Agnes Budzyn [1][7][17] Corporate Highlights - Soluna has announced a partnership with KULR Technology Group for a 3.3 MW hosting project at Project Sophie, enhancing its renewable-powered data center capabilities in Texas [7][18] - The company has been featured in various media outlets, highlighting its advancements in Renewable Computing [7] - A new podcast discusses how Soluna's recent $100 million credit facility will accelerate renewable-powered computing [7] Key Project Updates - Project Dorothy 1A and 1B are operational with 25 MW each for Bitcoin hosting and prop-mining, respectively [5] - Project Dorothy 2 is under construction with a capacity of 48 MW for Bitcoin hosting, with substantial completion of Phase 3 expected by mid-November [6][13] - Project Kati 1 is under construction with 83 MW for Bitcoin hosting, while Project Kati 2 is in development for AI and high-performance computing (HPC) with a similar capacity [9][10] - Project Grace, a 2 MW AI/HPC hosting project at Dorothy 2, is also under development [11] Operational Metrics - The deployment of new customers and upgraded units is ongoing, with a 3.3 MW customer deployment completed at the end of October and another expected in early November [8] - Coordination efforts are in place for a 20 MW deployment of next-generation miners in January [7] - Investment in fleet upgrades continues, with 900 new S19 XP miners expected to replace the current fleet at Project Dorothy 1B [7]

Core Insights - Soluna Holdings, Inc. has appointed Agnes Budzyn to its Board of Directors, bringing extensive expertise in finance, digital assets, and technology [1][2][5] Company Overview - Soluna is focused on developing green data centers for intensive computing applications, aiming to transform surplus renewable energy into global computing resources [8] - The company operates data centers co-located with renewable energy sources such as wind, solar, or hydroelectric power [8] Leadership Expertise - Agnes Budzyn has over a decade of experience in finance and technology, previously holding leadership roles at BlackRock and ConsenSys, where she contributed to the growth of the Ethereum ecosystem [2][3] - At BlackRock, she managed over $40 billion in portfolio restructuring and collaborated with major global institutions like the European Central Bank and the U.S. Federal Reserve [3] Strategic Vision - The appointment of Agnes Budzyn aligns with Soluna's vision to leverage renewable energy for sustainable computing, enhancing the company's governance and expertise in finance and digital infrastructure [5][3]

Core Insights - Soluna Holdings has announced a new hosting partnership with KULR Technology Group, marking its first collaboration with a Bitcoin treasury-focused company, thereby broadening its customer base beyond traditional Bitcoin miners and hyperscalers [1][2][3] Group 1: Partnership Details - Under the agreement, Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky, with operations expected to commence in Q4 2025 [2][5] - KULR will utilize Soluna's operational expertise to manage its mining hardware, ensuring guaranteed hashrate and uptime targets through a new "Bitcoin Mining Lease" structure [6][7] Group 2: Strategic Implications - The partnership reflects a strategic shift for Soluna, as it adapts its renewable-powered hosting model to meet the evolving demands of Bitcoin mining and adjacent industries [3][4] - KULR's commitment to allocate up to 90% of its surplus cash reserves to Bitcoin as part of its treasury strategy aligns with Soluna's model, which offers a pathway to guaranteed hashrate without the operational complexities of mining [7][12] Group 3: Market Context - The global Battery Backup Unit (BBU) market is projected to grow from 29.22 billion USD in 2025 to 43.64 billion USD by 2034, indicating a significant opportunity for companies like KULR as they expand their focus beyond Bitcoin mining [4]

Core Insights - KULR Technology Group has announced a new hosting partnership with Soluna Holdings to operate 3.3 MW of Bitcoin mining capacity at Soluna's Project Sophie facility in Kentucky, marking a strategic move into sustainable Bitcoin mining [1][4][6] - The partnership allows KULR to leverage Soluna's expertise in renewable-powered hosting, aligning with the growing demand for sustainable computing infrastructure in the Bitcoin mining sector [2][3][6] - KULR's commitment to Bitcoin as part of its treasury strategy includes allocating up to 90% of its surplus cash reserves to Bitcoin acquisition, supported by this new hosting framework [6][8] Company Overview - KULR Technology Group is a Bitcoin+ treasury company focused on high-performance energy systems and AI Robotics, delivering advanced energy storage solutions for various sectors [7][8] - Soluna Holdings specializes in developing green data centers that utilize surplus renewable energy for intensive computing applications, including Bitcoin mining [9] Market Context - The global Battery Backup Unit (BBU) market is projected to grow from 29.22 billion USD in 2025 to 43.64 billion USD by 2034, indicating a significant opportunity for KULR as it expands into BBU solutions [3]