Soluna Holdings Inc. has reported its Q1-25 results, highlighting a revenue of $5.9 million. The company is advancing its development pipeline with 220 MW of new projects. Soluna also announced the signing of a term sheet for its first solar-powered data center, Project Annie, which involves a 75 MW capacity. This development contributes to the company's growing pipeline that now surpasses 773 MW across various energy sources including wind, grid, and solar-powered computing projects. In addition to financial results, Soluna shared updates on its key projects. Project Dorothy 2 has achieved substantial completion of Phase 1, with ongoing customer deployments. The commissioning of Phase 2 is expected soon and is on track to be completed by August. Furthermore, Project Sophie has returned to full capacity, reaching a record 1.05 EH/s after the expansion of an existing customer. These developments reflect Soluna's continued focus on expanding its green data center operations and meeting market demand for intensive computing applications.
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