Soluna Announces Monthly Business Update
Expansions at Dorothy 2, and Long Term Power Pipeline Swells to 2.8 GW
The Company has provided the following Corporate and Site Updates.
Key Company Metrics:
The monthly metrics are now available .
Corporate Highlights:
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$20M $100M -
Blockware Partnership Expands Over
50% at Project Dorothy 2 鈥� Now totaling 8 MW of sustainable hosting capacity. Read more . - Compass Mining Renews and Expands into Project Dorothy 2 鈥� Long-term partnership now spans 13 MW across the Dorothy campus. Read more .
- Soluna Featured in Inside Climate News - CEO John Belizaire speaks with Arcelia Martin on using stranded renewables to power the future of computing. Read the article .
- CEO Featured on The Blockware Podcast 鈥� John Belizaire on Bitcoin鈥檚 green future, infrastructure growth, and the trillion-dollar tsunami ahead. Watch it .
- CEO Interviewed on Scaling Clean 鈥� A deep dive into Soluna鈥檚 model, the convergence of computing and clean energy, and building with communities in mind. Listen .
- New Blog - Explores the risks of deep-sea mining for battery materials and positions Soluna鈥檚 computing model as a scalable alternative. Read it .
- Power Pipeline Grows 鈥� Up to 2.8 GW of Long-Term Capacity
Key Project Updates:
Project Dorothy 1A (25 MW, Bitcoin Hosting) / Project Dorothy 1B (25 MW, Bitcoin Prop-Mining):
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The site has continued to navigate through extreme heat conditions, operating at greater than
90% uptime. - Filter replacement is underway to assist with airflow optimization.
- Fleet upgrade underway for two hosting customers to drive increases in hashrate.
- A review is underway at Project Dorothy 1B with our JV partner to upgrade aging miners and enhance hashrate performance.
Project Dorothy 2 (48 MW Under Construction, Bitcoin Hosting):
- The three build phases (16 MW, 14 MW, and 18 MW) are all tracking on schedule.
- Additional temporary support has been onboarded to complete the deployment of miners for Phase 1 by next week.
- Power commissioning has started for Phase 2 (14 MW) and is expected to be completed by the end of the month in advance of the planned substantial completion date of early August.
- We are in the process of receiving miners for Phase 2 and deploying them as power commissioning efforts are completed.
Project Sophie (25 MW, Bitcoin Hosting with Profit Share, AI Hosting):
- The fleet expansion for an existing customer was completed, and the site has maintained steady state operations throughout the month.
Project Kati (166 MW Under Development, Bitcoin Hosting and AI):
- ERCOT has completed modeling for Phase 1 (83 MW), which reached its Production Load Date on July 2, 2025.
- Contracting for Kati 1 (83 MW) construction of Bitcoin Hosting is underway, and mobilization timing is in the process of being finalized. The project is expected to be constructed in at least two phases,
Pipeline Highlights:
- Development activities have launched on Projects Hedy, Ellen, and Annie, with progress across PPA negotiations, ERCOT planning, and land acquisition.
- The long-term pipeline increased by 200 MW, now reaching 2.8 GW, driven by new curtailment assessments and active term sheet discussions.
- A project scoring system is being developed to assess AI hosting potential across the portfolio.
Customer Success:
- Completed contract for partnership . This marks the third expansion with this customer, who first deployed with Soluna at Project Sophie in 2023.
- Completed contract renewal and expansion with . The expanded agreement includes a contract renewal at Soluna鈥檚 Project Dorothy 1 site and a major expansion into its adjacent site, Project Dorothy 2, marking a total deployment of approximately 13 megawatts (MW) of computing capacity across the two locations.
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Completed hosting expansion agreement with Blockware. Following their in April, Blockware is at Soluna鈥檚 Project Dorothy 2 data center in
Texas , bringing their total contracted footprint at the site to 8 MW. - All Project Dorothy 2 pipeline contracting completed for 2025; 48 MWs fully marketed and at full hosting capacity, both with brand new customers and current partner expansions.
View Soluna鈥檚 recent AMA .
Soluna鈥檚 glossary of terms can be found .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the 鈥渟afe harbor鈥� provisions of the
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鈥檚 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鈥檚 proprietary software MaestroOS(鈩�) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit and follow us on:
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Contact Information
Public Relations
West of Fairfax for Soluna
[email protected]
Source: Soluna Holdings, Inc.
