Soluna Holdings Closes $53M Wind Farm Acquisition and Reports April 2026 Operational Progress
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Key Takeaways
- Closed the $53 million acquisition of Briscoe Wind Farm, achieving direct ownership of renewable generation.
- Reached mechanical completion for the 35 MW phase of Project Kati 1B and commenced power commissioning.
- Selected architectural and engineering firms for the 300+ MW Project Kati 2 AI/HPC data center design.
- Regained compliance with Nasdaq listing requirements during the April 2026 reporting period.
- Partnered with Siemens PTI for technical modeling of the 2 MW Project Grace AI/HPC site.
Soluna (NASDAQ: SLNH) Holdings completed the $53 million purchase of the Briscoe Wind Farm, a move that integrates renewable power generation with its digital infrastructure operations. During the same period, the company acquired full ownership of Project Dorothy 1A and expanded its hosting partnership with Blockware Solutions, which now exceeds 17 MW of total capacity.
At the Dorothy campus, a new 3 MW Bitcoin mining operation was launched at Project Dorothy 1B in collaboration with Sazmining. Project Dorothy 1A experienced a temporary reduction in capacity due to transformer repair work on two modular data centers (MDCs). Meanwhile, Project Dorothy 2 maintained operations at full capacity for all customers throughout the month.
Construction at Project Kati 1B reached mechanical completion for its 35 MW phase, and power commissioning has commenced. For the 300+ MW Project Kati 2, which is being developed for AI and high-performance computing (HPC) hosting, the company selected architectural and engineering firms and completed geotechnical work on the land parcel.
Development activities for Project Dorothy 3 include an ongoing 50 MW expansion interconnection load study and a letter of intent for approximately 400 acres of land to support future expansion. Additionally, Soluna partnered with Siemens PTI to conduct technical modeling and high-fidelity simulations for the 2 MW Project Grace, focusing on design readiness for AI and HPC workloads.
