Soluna Acquires 150 MW Wind Farm to Enhance Vertical Integration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy SLNH?
Source: Newsfilter
- Acquisition Overview: Soluna has acquired the 150 MW Briscoe Wind Farm in Texas for $53 million, financed through cash and debt, marking a significant step in the company's vertical integration of renewable energy and computing infrastructure.
- Financial Projections: The acquisition is expected to generate between $6 million and $11 million in Year-One Adjusted EBITDA and annualized revenue of $20 million to $24.4 million, significantly enhancing the company's cash flow and profitability.
- Project Development Potential: This acquisition lays the groundwork for Soluna to develop a 300 MW AI campus expansion adjacent to the existing site, which is expected to drive growth in high-performance computing and generative AI workloads, thereby strengthening market competitiveness.
- Energy Sovereignty Strategy: By owning the wind farm, Soluna eliminates reliance on third-party power purchase agreements, ensuring long-term energy supply stability, thus establishing a durable cost advantage in the competitive AI infrastructure landscape.
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Analyst Views on SLNH
Wall Street analysts forecast SLNH stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.672
Low
5.00
Averages
5.00
High
5.00
Current: 0.672
Low
5.00
Averages
5.00
High
5.00
About SLNH
Soluna Holdings, Inc. is a digital infrastructure company specializing in transforming surplus renewable energy into computing resources. It operates modular data centers co-located with wind, solar, and hydroelectric power plants, supporting compute-intensive applications, including bitcoin mining, generative artificial intelligence (AI), and scientific computing. Its segments include Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing (HPC). Its Soluna Cloud Services business provides HPC services to support generative AI workstreams and proprietary software MaestroOS helps to energize a greener grid while delivering computing solutions and superior returns. It offers colocation and hosting services for companies seeking to train large language models (LLMs), fine-tune existing artificial intelligence models, and deploy other compute-intensive AI or HPC workloads. It also provides hosting services to third-party Bitcoin mining customers at its data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Soluna Acquires 150 MW Wind Farm to Enhance Vertical Integration
- Acquisition Overview: Soluna has acquired the 150 MW Briscoe Wind Farm in Texas for $53 million, financed through cash and debt, marking a significant step in the company's vertical integration of renewable energy and computing infrastructure.
- Financial Projections: The acquisition is expected to generate between $6 million and $11 million in Year-One Adjusted EBITDA and annualized revenue of $20 million to $24.4 million, significantly enhancing the company's cash flow and profitability.
- Project Development Potential: This acquisition lays the groundwork for Soluna to develop a 300 MW AI campus expansion adjacent to the existing site, which is expected to drive growth in high-performance computing and generative AI workloads, thereby strengthening market competitiveness.
- Energy Sovereignty Strategy: By owning the wind farm, Soluna eliminates reliance on third-party power purchase agreements, ensuring long-term energy supply stability, thus establishing a durable cost advantage in the competitive AI infrastructure landscape.
See More
Soluna Holdings Reports Q4 Revenue Growth of 9.5%
- Revenue Growth: Soluna Holdings reported Q4 revenue of $9.2 million, reflecting a 9.5% year-over-year increase, indicating the company's robust performance and ongoing growth potential in the market.
- Cash Reserves Increase: Total cash grew from $60.5 million in Q3 to $88.8 million in Q4, a 47% increase, which significantly strengthens the company's financial position for future investment opportunities.
- Executive Appointment: The appointment of Michael Picchi as CFO aims to leverage his extensive financial management experience to optimize the company's financial strategy and resource allocation, further driving growth.
- Project Updates: Soluna provided project updates in December and successfully closed a $32 million direct offering, enhancing its capital base to support future project development and expansion.
See More
Soluna Holdings Reports Transformational 2025 Financial Results
- Operational Capacity Doubling: In 2025, Soluna Holdings doubled its operational capacity and expanded its power pipeline to 4.3GW, adding two new project-level capital partners, indicating significant growth and sustainability in the green data center sector.
- Project Milestones Achieved: The completion and commissioning of the 48MW Dorothy 2 project enhanced profitability and operational efficiency of data centers while diversifying the customer mix, which is expected to drive future revenue growth.
- Improved Financial Position: Total cash grew to $88.8 million in 2025, a 750% increase from 2024, providing robust funding for future investment opportunities, despite revenue pressures from declining Bitcoin prices.
- Strategic Investments and Expansion: The company raised approximately $142 million in 2025 through debt issuances and other financing methods, strengthening its financial foundation to support further development of AI infrastructure and power pipeline, showcasing strong growth potential.
See More
Soluna Holdings Reports February Bitcoin Mining Results
- Bitcoin Mining Achievement: Soluna Holdings mined 9.5 bitcoins in February, demonstrating its ongoing activity in the cryptocurrency market, which is expected to positively impact future revenues.
- Stock Price Increase: Following the announcement, the company's shares rose by 3.99% to $0.78, reflecting market recognition of its mining capabilities and future potential, likely attracting more investor interest.
- Hashrate Performance: Soluna reported an average self-mining hashrate of 760 PH/s and a hosted hashrate of 3,883 PH/s, with this strong performance enhancing its position in the competitive cryptocurrency market.
- Market Reaction: Given the volatility of bitcoin prices, Soluna's mining data may influence shareholder confidence and market expectations, further driving the company's strategic development in the cryptocurrency sector.
See More
Soluna Holdings Announces Project Updates and Expansion
- Project Expansion: Soluna expands its partnership with Blockware by adding 6MW of capacity, marking ongoing growth at Project Dorothy 1, which is expected to enhance the company's market competitiveness and customer service capabilities.
- Project Progress: The first phase (24MW) of Project Kati 1 has achieved substantial completion and is now in steady-state operations, with subsequent phases (12MW) on track for completion by March, demonstrating the company's ability to rapidly advance project construction.
- New Project Development: Project Kati 2 is refining its design and procurement strategy, with a new RFP for design services expected to be issued in the coming weeks to support 100MW of critical IT capacity, addressing the growing demands of the AI market.
- Customer Success Case: The completion of Blockware's 6MW expansion further solidifies Soluna's position in the Bitcoin hosting market while laying a foundation for future customer collaborations.
See More
Soluna Expands Partnership with Blockware for Additional Capacity
- Partnership Expansion: Soluna's partnership with Blockware expands with an additional six megawatts of capacity, marking the third expansion at the Dorothy 1 site in Texas, reflecting Blockware's ongoing business growth.
- Flexible Infrastructure: This expansion is made possible by Soluna's provision of flexible and capital-efficient infrastructure at renewable-powered sites, with deployment expected to be completed by the end of February, effectively supporting customer growth needs.
- Operational Reliability: Soluna's infrastructure is described as 'reliable' by Blockware CEO Mason Jappa, indicating Soluna's capability in rapid deployment and maintaining high uptime, which strengthens the long-term partnership between the two companies.
- Renewable Energy Utilization: The Dorothy project is part of Soluna's pipeline of over 1 GW of renewable-first data centers designed to support high-performance computing workloads while utilizing energy that might otherwise be curtailed, thus helping to stabilize the grid.
See More
Soluna Acquires 150 MW Wind Farm to Enhance Vertical Integration
- Acquisition Overview: Soluna has acquired the 150 MW Briscoe Wind Farm in Texas for $53 million, financed through cash and debt, marking a significant step in the company's vertical integration of renewable energy and computing infrastructure.
- Financial Projections: The acquisition is expected to generate between $6 million and $11 million in Year-One Adjusted EBITDA and annualized revenue of $20 million to $24.4 million, significantly enhancing the company's cash flow and profitability.
- Project Development Potential: This acquisition lays the groundwork for Soluna to develop a 300 MW AI campus expansion adjacent to the existing site, which is expected to drive growth in high-performance computing and generative AI workloads, thereby strengthening market competitiveness.
- Energy Sovereignty Strategy: By owning the wind farm, Soluna eliminates reliance on third-party power purchase agreements, ensuring long-term energy supply stability, thus establishing a durable cost advantage in the competitive AI infrastructure landscape.
See More
Soluna Holdings Reports Q4 Revenue Growth of 9.5%
- Revenue Growth: Soluna Holdings reported Q4 revenue of $9.2 million, reflecting a 9.5% year-over-year increase, indicating the company's robust performance and ongoing growth potential in the market.
- Cash Reserves Increase: Total cash grew from $60.5 million in Q3 to $88.8 million in Q4, a 47% increase, which significantly strengthens the company's financial position for future investment opportunities.
- Executive Appointment: The appointment of Michael Picchi as CFO aims to leverage his extensive financial management experience to optimize the company's financial strategy and resource allocation, further driving growth.
- Project Updates: Soluna provided project updates in December and successfully closed a $32 million direct offering, enhancing its capital base to support future project development and expansion.
See More
Soluna Holdings Reports Transformational 2025 Financial Results
- Operational Capacity Doubling: In 2025, Soluna Holdings doubled its operational capacity and expanded its power pipeline to 4.3GW, adding two new project-level capital partners, indicating significant growth and sustainability in the green data center sector.
- Project Milestones Achieved: The completion and commissioning of the 48MW Dorothy 2 project enhanced profitability and operational efficiency of data centers while diversifying the customer mix, which is expected to drive future revenue growth.
- Improved Financial Position: Total cash grew to $88.8 million in 2025, a 750% increase from 2024, providing robust funding for future investment opportunities, despite revenue pressures from declining Bitcoin prices.
- Strategic Investments and Expansion: The company raised approximately $142 million in 2025 through debt issuances and other financing methods, strengthening its financial foundation to support further development of AI infrastructure and power pipeline, showcasing strong growth potential.
See More
Soluna Holdings Reports February Bitcoin Mining Results
- Bitcoin Mining Achievement: Soluna Holdings mined 9.5 bitcoins in February, demonstrating its ongoing activity in the cryptocurrency market, which is expected to positively impact future revenues.
- Stock Price Increase: Following the announcement, the company's shares rose by 3.99% to $0.78, reflecting market recognition of its mining capabilities and future potential, likely attracting more investor interest.
- Hashrate Performance: Soluna reported an average self-mining hashrate of 760 PH/s and a hosted hashrate of 3,883 PH/s, with this strong performance enhancing its position in the competitive cryptocurrency market.
- Market Reaction: Given the volatility of bitcoin prices, Soluna's mining data may influence shareholder confidence and market expectations, further driving the company's strategic development in the cryptocurrency sector.
See More
Soluna Holdings Announces Project Updates and Expansion
- Project Expansion: Soluna expands its partnership with Blockware by adding 6MW of capacity, marking ongoing growth at Project Dorothy 1, which is expected to enhance the company's market competitiveness and customer service capabilities.
- Project Progress: The first phase (24MW) of Project Kati 1 has achieved substantial completion and is now in steady-state operations, with subsequent phases (12MW) on track for completion by March, demonstrating the company's ability to rapidly advance project construction.
- New Project Development: Project Kati 2 is refining its design and procurement strategy, with a new RFP for design services expected to be issued in the coming weeks to support 100MW of critical IT capacity, addressing the growing demands of the AI market.
- Customer Success Case: The completion of Blockware's 6MW expansion further solidifies Soluna's position in the Bitcoin hosting market while laying a foundation for future customer collaborations.
See More
Soluna Expands Partnership with Blockware for Additional Capacity
- Partnership Expansion: Soluna's partnership with Blockware expands with an additional six megawatts of capacity, marking the third expansion at the Dorothy 1 site in Texas, reflecting Blockware's ongoing business growth.
- Flexible Infrastructure: This expansion is made possible by Soluna's provision of flexible and capital-efficient infrastructure at renewable-powered sites, with deployment expected to be completed by the end of February, effectively supporting customer growth needs.
- Operational Reliability: Soluna's infrastructure is described as 'reliable' by Blockware CEO Mason Jappa, indicating Soluna's capability in rapid deployment and maintaining high uptime, which strengthens the long-term partnership between the two companies.
- Renewable Energy Utilization: The Dorothy project is part of Soluna's pipeline of over 1 GW of renewable-first data centers designed to support high-performance computing workloads while utilizing energy that might otherwise be curtailed, thus helping to stabilize the grid.
See More
