Soluna Holdings Expands Texas Fleet with $20M Investment for New Bitcoin Hosting Project

Reuters

2025/06/11

Soluna Holdings Expands Texas Fleet with $20M Investment for New Bitcoin Hosting Project

Soluna Holdings Inc., a developer of green data centers for applications such as Bitcoin mining and AI, has announced a significant expansion with the launch of Project Kati 1. This project will be supported by a $20 million financing arrangement from Spring Lane Capital. The funds will facilitate the construction of an initial 35-megawatt phase of Kati 1, which is part of Soluna's expanding Texas fleet for Bitcoin hosting. Construction is set to begin in Q3 2025, with initial energization expected by Q1 2026. The facility is designed to house approximately 12,000 next-generation Bitcoin mining rigs. This expansion is part of a broader plan, with Spring Lane Capital committing up to $100 million for Soluna's growing data center pipeline. The project already has the necessary ERCOT planning approvals, marking a significant step forward in Soluna's efforts to convert curtailed renewable energy into clean computing solutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Soluna Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250611212996) on June 11, 2025, and is solely responsible for the information contained therein.

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ID: 20250611212996) on June 11, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4157","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250611:nNDL2fpyvd:1","article_id":"2542895685","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542895685","pubTimestamp":1749641442,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Soluna Holdings Inc., a developer of green data centers for applications such as Bitcoin mining and AI, has announced a significant expansion with the launch of Project Kati 1. 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