Soluna Announces Monthly Business Update
MWN-AI** Summary
Soluna Holdings, Inc. (NASDAQ: SLNH), a leader in developing green data centers for Bitcoin mining and AI applications, released a significant monthly business update detailing ongoing projects, corporate advancements, and partnerships. Notably, the company is engineering a substantial 350MW AI campus, Project Kati 2, in collaboration with Metrobloks. This ambitious initiative involves the development of seven buildings on over 500 acres, aiming to enhance AI and high-performance computing (HPC) capabilities.
In terms of corporate progress, Soluna has teamed with Siemens to tackle GPU power volatility in AI deployments and appointed Michael Picchi as the Chief Financial Officer, effective April 2026. Additionally, CEO John Belizaire recently discussed Soluna’s expansion plans and energy strategies on various podcasts, emphasizing the integration of renewable energy within data center designs.
Project updates reveal ongoing advancements across several initiatives. Customer deployments are underway for Project Dorothy 1A, a Bitcoin hosting site, with expectations to complete a 20MW fleet upgrade by February's end, despite facing curtailment challenges from winter storms. Conversely, Project Dorothy 2 reported strong performance with all customers at full capacity.
Moreover, Project Kati 1 is under construction, with energization approval obtained from ERCOT and power commissioning phases underway. The company is also finalizing power purchase agreements for multiple projects and negotiating pre-lease options for the new AI campus.
These developments underscore Soluna’s commitment to harnessing renewable energy for efficient computing solutions, while actively engaging in projects that enhance its capacity for Bitcoin hosting and AI capabilities. The full details can be accessed in the company’s comprehensive release.
MWN-AI** Analysis
**Market Analysis and Advice on Soluna Holdings, Inc. (NASDAQ: SLNH) Business Update**
Soluna Holdings, a leader in the development of green data centers for high-computing applications, has recently announced significant corporate and project updates that could impact investor sentiment and market positioning. The company's ongoing efforts to expand its footprint in AI and cryptocurrency hosting amid a growing demand for sustainable computing create a potentially favorable investment environment.
The launch of Project Kati 2, which plans to establish a 350MW AI campus, marks a pivotal strategy for Soluna. This development, alongside partnerships with Siemens and Metrobloks, showcases the company's commitment to tackling GPU power volatility and enhancing operational capacity in AI and HPC (high-performance computing). With over 500 acres of additional land secured, Soluna's infrastructure expansion positions it to capture market share in an increasingly competitive landscape.
Investors should also note the operational solidness demonstrated by Project Dorothy, where customer deployments are advancing effectively despite challenges from recent winter storms. The exemplary performance of Project D2 signals resilience, further supporting the notion that Soluna is adept at navigating operational hurdles.
With the appointment of CFO Michael Picchi, together with ongoing PPA negotiations and advances in Project Grace's design optimization, Soluna appears to be gearing up for efficient operational management and financial stewardship.
However, investors should remain cautious, particularly regarding the risks highlighted in the company's safe harbor statement. The forward-looking statements, while optimistic about future developments, underscore the inherent uncertainties in rapidly evolving sectors like AI and crypto mining.
In conclusion, while Soluna Holdings presents an intriguing investment opportunity amidst its growth trajectory and innovative partnerships, potential investors should weigh this against the associated risks. A diversified investment approach may be prudent, alongside continuous monitoring of the company's execution and market conditions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Engineering a 350MW AI campus for Project Kati 2
Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced its January 2026 project site-level operations, developments, and updates.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260212269143/en/
Rendering of Soluna x Metrobloks 100MW AI Data Center
The Company has provided the following Corporate and Site Updates.
Key Company Metrics:
The monthly metrics are now available here .
Corporate Highlights:
- Soluna and Siemens collaborate to address GPU power volatility in behind-the-meter AI deployments.
- Soluna and Metrobloks partner to unlock 100+ MW of AI and HPC capacity at Project Kati 2.
- Michael Picchi appointed Chief Financial Officer of Soluna, effective April 1, 2026.
- Soluna featured in Tech Brew : “The ‘greener’ the data center, the greater the potential savings,” by Tricia Crimmins.
- CEO John Belizaire joins Currents , a Norton Rose Fulbright podcast, to discuss curtailed power and data center design.
- CEO John Belizaire discusses Soluna’s AI expansion plans at Project Kati 2 on the Power Mining Analysis podcast.
Key Project Updates:
Project Dorothy 1A (25 MW, Bitcoin Hosting) / Project Dorothy 1B (25 MW, Bitcoin Prop-Mining):
- Customer deployments are underway at D1A for a 20 MW fleet upgrade, which is expected to be completed by the end of February.
- D1A and D1B experienced increased curtailment time due to recent winter storms and the resulting grid demand.
Project Dorothy 2 (48 MW, Bitcoin Hosting):
- Operations remained strong for the month, with all customers at full capacity.
- D2 experienced increased curtailment time due to the recent winter storms and the resulting grid demand.
Project Sophie (25 MW, Bitcoin Hosting):
- The site has continued to operate at a steady state despite the challenging wintry conditions, with impacts throughout the month.
Project Kati 1 (83 MW Under Construction, Bitcoin Hosting):
- Energization approval from ERCOT has been obtained, and power commissioning for K1A Galaxy Phase 1 (24 MW) has been initiated and is expected to be completed in February.
- K1A Galaxy Phase 2 (12 MW) is on track to begin power commissioning in March, and K1A Phase 3 (12 MW) is on track to begin power commissioning in April.
- Construction of K1B (35 MW, Soluna MDCs / Cormint) continues to progress with MDC framing underway.
- A new partnership has been announced to install and pilot Cormint's proprietary container design at K1B (12 MW) for the balance of capacity, with equipment delivery expected in Q2.
Project Kati 2 (Under Development, AI/HPC Hosting):
- Announced a joint venture with Metrobloks and an AI plan for Project Kati 2.
- Engineering a plan to deliver a 350MW Critical IT Tier 3 AI campus, spread across 7 buildings.
- Secured over 500 acres of additional land to support a larger campus plan.
- Launched the Request for Proposals (RFP) process to 10 construction management firms, which is expected to be completed by the end of February.
- Actively engaged in negotiations with 3 potential single-tenants to pre-lease the full campus.
Project Grace (2 MW Under Development, AI/HPC Hosting):
- Advancing design optimization and technical validation for Project Grace’s microgrid electrical architecture for AI load integration.
Pipeline Highlights:
- Finalizing Power Purchase Agreements (PPAs) and Retail Electric Provider (REP) agreements for the Ellen, Hedy, and Rosa projects.
- Project Annie has entered the Transmission/Distribution Service Provider (TDSP) planning queue and will not require the ERCOT Large Flexible Load process. A Definitive Purchase and Sale Agreement has been executed for the acquisition of 18 acres of land.
- PPA negotiations are advancing for projects Annie, Gladys, and Fei.
Customer Success:
- Deploying 20 MW at Dorothy 1A from a current customer expansion.
View Soluna’s recent AMA here .
Soluna’s updated glossary of terms is available here .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business and our expectations with respect to Project Dorothy 1A’s 20MW Canaan deployment, and the construction of Project Kati 1, and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar statements. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of our Annual Report on Form 10-K filed with the SEC on March 31, 2025. All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.
About Soluna Holdings, Inc. (Nasdaq: SLNH)
Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit solunacomputing.com and follow us on:
LinkedIn: https://www.linkedin.com/company/solunaholdings/
X (formerly Twitter): x.com/solunaholdings
YouTube: youtube.com/c/solunacomputing
Newsletter: bit.ly/solunasubscribe
Resource Center: solunacomputing.com/resources
Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260212269143/en/
Public Relations
West of Fairfax for Soluna
Soluna@westof.co
FAQ**
How does Soluna Holdings Inc. SLNH plan to address GPU power volatility in AI deployments with its collaboration with Siemens?
What specific features will the 350MW AI campus in Project Kati 2 include, and how will they enhance the company's capacity for AI and HPC hosting?
What progress has been made in negotiations with potential single-tenants for leasing the entire campus at Project Kati 2?
How will Soluna's recent projects and partnerships contribute to its mission of making renewable energy a global superpower?
**MWN-AI FAQ is based on asking OpenAI questions about Soluna Holdings Inc. (NASDAQ: SLNH).
NASDAQ: SLNH
SLNH Trading
-3.5% G/L:
$0.7522 Last:
1,714,655 Volume:
$0.79 Open:
