Recent Updates — SLNH
Soluna Holdings has fully repaid the $28.7 million outstanding under its credit facility with Generate Capital, PBC, terminating the agreement and releasing liens on related project assets. This repayment follows a $19.1 million payment in August 2026, reducing the company's total debt principal from $37.9 million at June 30, 2026 to $9.2 million. The facility previously supported the completion of Project Dorothy and the acquisition of the Briscoe Wind Farm. Soluna Holdings designs, develops, and operates green data centers for high-performance computing applications.
Soluna Holdings, Inc. and certain affiliates of Applied Digital Corporation entered into a Subscription Agreement to form a jointly owned company to develop a planned 50 megawatt Critical I.T. data center for artificial intelligence and high-performance computing at Project Dorothy 3 in Texas. Soluna will acquire a 49% interest in the Project Company, while Applied will hold 51%. As consideration, Soluna receives an attributed value of $18,750,000 via ground sublease terms, and Applied contributes approximately $19,515,306 in cash. The closing is expected by December 1, 2026, subject to conditions including a tax abatement vote. Additionally, Soluna will issue a warrant to purchase up to 7,644,444 shares of common stock at an exercise price of $0.74 per share. Soluna Holdings operates in the energy and data center infrastructure sector.
On October 16, 2026, Soluna Holdings, Inc. held its Annual Meeting of Stockholders where shareholders approved an amendment to the Articles of Incorporation to increase the number of authorized shares of common stock from 375,000,000 to 1,000,000,000. The Company also filed a Certificate of Amendment with the Secretary of State of Nevada, making the change effective immediately. Additionally, shareholders ratified the election of three directors, approved an advisory say-on-pay proposal, and authorized the potential issuance of up to 20% of outstanding shares under a Standby Equity Purchase Agreement. Soluna Holdings operates in the renewable energy sector.
Soluna Holdings, Inc. announced an amended agreement with Dory Creek, LLC, a subsidiary of Bitdeer Technologies Group, to expand Bitcoin mining operations at Project Kati 1 in South Texas. The amendment adds approximately 7 MW of capacity, bringing the total deployment to 35 MW and generating approximately 2.42 EH/s of hash rate. This expansion fully subscribes the site's K1BC phase and is expected to be completed by November 2026. Under this co-mining arrangement, Soluna provides the facility, power, and operations, while Bitdeer supplies its Sealminer A2 Pro Air equipment and shares in the mining proceeds. The company operates in the green data center industry, designing and operating digital infrastructure for intensive computing applications like AI and Bitcoin mining.
Soluna Holdings, Inc. announced that ERCOT has conditionally classified its 100 MW Project Dorothy campus as Base Load in Batch Zero. This follows a similar conditional classification for the full 166 MW at Project Kati, bringing total conditionally classified base load capacity to 266 MW across Soluna's Texas campuses. The company also submitted a request for an additional 50 MW at the Dorothy site, which is currently under study. Soluna designs, develops, and operates green data centers co-located with renewable energy sources to support high-performance computing applications such as AI and Bitcoin mining.
Soluna Holdings, Inc. completed energization of Project Kati 1, adding 14 MW to reach a total site capacity of 83 MW and bringing the company's overall operating capacity to approximately 206 MW. The filing also reports that ERCOT conditionally classified the full 166 MW Kati campus, including the planned AI expansion, as Base Load in its Batch Zero interconnection process, preserving interconnection rights pending verification. This milestone aligns with the timeline outlined during the second-quarter earnings call and confirms infrastructure costs remained on budget. Soluna Holdings, Inc. designs, develops, and operates digital infrastructure that transforms surplus renewable energy into computing resources for applications such as Bitcoin mining and artificial intelligence.