AcquisitionsMay 20, 2026, 07:36 AM
Soluna Acquires Remaining 49% of Project Dorothy 1B for $8.8M
AI Summary
Soluna Holdings, Inc., through its wholly-owned subsidiary Soluna Digital, Inc., acquired the remaining 49% equity interest in Project Dorothy 1B from Navitas West Texas Investments SPV, LLC for approximately $8.8 million. This transaction, which closed on May 19, 2026, grants Soluna 100% ownership of the Dorothy 1B Project Company, a bitcoin mining operation. This acquisition completes the equity consolidation of the Dorothy 1 campus, providing Soluna with full generation-to-compute ownership of 50 MWs, a crucial step for converting the campus to AI and high-performance computing workloads.
Key Highlights
- Soluna Digital, Inc. acquired the remaining 49% membership interests in Soluna DV ComputeCo, LLC (Dorothy 1B Project Company).
- The purchase price for the 49% interest was approximately $8.8 million ($8,765,490).
- Soluna Holdings, Inc. now holds 100% equity ownership of the Dorothy 1B Project Company.
- This acquisition completes the equity consolidation of the Dorothy 1 campus, including Dorothy 1A and the Briscoe Wind Farm.
- Soluna now has full generation-to-compute ownership of 50 MWs at Project Dorothy 1.
- The full ownership is a prerequisite for converting the campus to AI and high-performance computing workloads.
- Soluna's development pipeline exceeds 4.3 gigawatts, with over 1 gigawatt in development, construction, and operations.
Price Impact
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