Soluna Holdings Announces NYDIG Settlement Nears Dorothy 2 Completion Secures 100 Million Facility and Breaks Ground on Project Kati
Reuters
Oct 07
Soluna Holdings Announces NYDIG Settlement Nears Dorothy 2 Completion Secures 100 Million Facility and Breaks Ground on Project Kati
Soluna Holdings Inc. announced a series of business updates and operational results for September 2025. The company has settled all outstanding matters with NYDIG, clearing the way for future growth and partnership. Soluna has also regained compliance with Nasdaq's continued listing requirements, enhancing its position on public markets. Financially, Soluna closed a scalable credit facility of up to $100 million with Generate Capital, with an initial $12.6 million draw funding refinancing and construction of active data center projects. The company surpassed 4 exahashes per second (EH/s) of hash rate under management, following the commissioning of Dorothy 2 and fleet upgrades. Operational highlights include nearing completion of Project Dorothy 2, breaking ground on the 166 MW wind-powered Project Kati in Texas, and signing a 20 MW deployment agreement with Canaan Inc. for next-generation Bitcoin miners at Project Dorothy. Soluna also joined the Texas Blockchain Council and announced participation in upcoming industry summits.
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