Monthly UpdateMay 7, 2026, 07:32 AM
Soluna Announces April 2026 Monthly Business Update
AI Summary
Soluna Holdings, Inc. announced its April 2026 monthly business update, highlighting significant corporate and operational advancements. The company closed the $53M acquisition of the Briscoe Wind Farm and gained full ownership of Project Dorothy 1A, deepening its vertical integration strategy. Soluna also launched a 3 MW Bitcoin mining operation with Sazmining and expanded its partnership with Blockware to over 17 MW of hosting capacity. Additionally, the company regained compliance with Nasdaq listing requirements and made substantial progress on its AI/HPC hosting projects, Kati 2, Dorothy 3, and Grace.
Key Highlights
- Closed $53M acquisition of Briscoe Wind Farm, achieving full vertical integration.
- Acquired full ownership of Project Dorothy 1A, accelerating AI-ready campus development.
- Launched a 3 MW Bitcoin mining operation at Project Dorothy 1B with Sazmining.
- Expanded partnership with Blockware for the fourth time, surpassing 17 MW total hosting capacity.
- Regained compliance with Nasdaq listing requirements.
- Project Kati 1B (35 MW) achieved mechanical completion and commenced power commissioning.
- Advanced Project Kati 2 and Dorothy 3 (300+ MW each) for AI/HPC hosting, with design and land acquisition underway.
- Project Dorothy 1A MDCs expected to return to full capacity in early May after transformer repair.