SLNH - Soluna buys 8.25K crypto mining rigs for Texas data center

2023-06-14 09:26:45 ET

• Soluna ( NASDAQ: SLNH ) said Wednesday it bought 8.25K Bitmain Antminer S19s, S19j Pro and S19j Pro+ for its 25 MW Project Dorothy 1B data center in Texas .
• The acquisition is expected to result in 860 PH/s of hashrate, with an average efficiency of 29.9 joules per terahash (J/TH), and at a cost of $11.25 $/TH.
• The first five buildings (~6 MW) in the project are set to be energized by the end of June. The rest will be completed and energized in Q3.
• The site's run-rate revenue from mining is ~$18M annually.
• Project Dorothy 1B is a mining joint venture between Soluna ( SLNH ) and Navitas Global.
• "Our team is focused on getting Dorothy phase 1A and 1B fully operational early this summer," said Soluna ( SLNH ) CEO John Belizaire. "We've put in place strong commercial deals with great revenue potential."
• Earlier, Soluna ( SLNH ) installed over 14.6K bitcoin mining machines at its Texas and Kentucky sites .

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