Soluna and Bitdeer increase capacity at Project Kati 1 to 35 MW - filing update
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Key Takeaways
- Bitdeer will deploy approximately 35 MW of capacity at Soluna's Project Kati 1 site.
- The deal is an amendment to an existing agreement between Soluna and Bitdeer subsidiary Dory Creek, LLC.
- Soluna specializes in data centers for AI and Bitcoin mining integrated with renewable energy.
- Bitdeer provides infrastructure for AI and Bitcoin mining.
Soluna Holdings, Inc. (NASDAQ: SLNH) and Bitdeer Technologies Group (NASDAQ: BTDR) have amended their existing partnership agreement to increase capacity at the Project Kati 1 facility. The amendment involves Bitdeer's wholly owned subsidiary, Dory Creek, LLC.
Under the updated terms, the agreement provides for the deployment of approximately 35 MW of power at the site. This represents an expansion of the previous collaboration between the two companies at the Project Kati 1 location.
Soluna develops data centers for intensive computing applications, including artificial intelligence and Bitcoin mining. The company focuses on integrating these facilities with renewable energy sources to manage power loads.
Bitdeer provides infrastructure for AI and Bitcoin mining.
