Earnings summaries and quarterly performance for Soluna Holdings.
Executive leadership at Soluna Holdings.
Board of directors at Soluna Holdings.
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Recent press releases and 8-K filings for SLNH.
Soluna Holdings Announces Partnership with Metrobloks for Project Kati 2
SLNH
New Projects/Investments
- Soluna Holdings, Inc. has signed a Memorandum of Understanding (MOU) with Metrobloks, LLC to co-develop Project Kati 2, an AI and high-performance compute (HPC) data center.
- The initial phase of Project Kati 2 will be a 100+ MW Critical IT (CIT) AI and HPC data center located at Soluna's campus in Willacy County, Texas.
- This project is designed as the first phase of a larger campus, with an expansion roadmap supporting more than 300 MW of total CIT capacity.
- Soluna will contribute site control and power entitlements, while Metrobloks will lead design, development, and operations for the project.
Jan 15, 2026, 12:30 PM
Soluna Holdings Partners with Metrobloks for AI and HPC Data Center Development
SLNH
New Projects/Investments
M&A
- Soluna Holdings (SLNH) has signed a Memorandum of Understanding (MOU) with Metrobloks, LLC to form a co-development partnership for Project Kati 2.
- The initial phase of Project Kati 2 will be a 100+ MW Critical IT (CIT) AI and high-performance compute (HPC) data center in Willacy County, Texas, with an expansion roadmap supporting over 300 MW of total CIT capacity.
- Metrobloks will lead the design, development, leasing, and operations for Project Kati 2, while Soluna will contribute site control, power entitlements, and development expertise.
- Soluna broke ground on the broader 166+ MW wind-powered Project Kati campus in September 2025, with Kati 2 designed as the second phase to expand with dedicated AI and HPC infrastructure.
Jan 15, 2026, 12:30 PM
Soluna Holdings, Inc. Announces December 2025 Business Update
SLNH
New Projects/Investments
- Soluna Holdings, Inc. closed a $32 million registered direct offering to strengthen its balance sheet for continued growth.
- The company provided updates on its Project Dorothy sites, including a 20 MW fleet upgrade for D1A and D2 operating at full capacity for the first full month following construction completion.
- Project Kati 1 (83 MW) is under construction, with Phase K1A (48 MW) on track for substantial completion by the end of January 2026.
- Project Kati 2, under development for AI/HPC hosting, has a non-binding letter of intent from a potential tenant and plans to source an additional 50MW+ from a wind farm.
- Soluna is also finalizing Power Purchase Agreements and acquiring land for several new projects, including Ellen, Hedy, Rosa, Annie, Gladys, and Fei.
Jan 13, 2026, 12:30 PM
Soluna Holdings Announces December 2025 Business Update
SLNH
New Projects/Investments
Revenue Acceleration/Inflection
- Soluna Holdings, Inc. closed a $32 million registered direct offering, aimed at strengthening the company’s balance sheet to support continued growth.
- Project Dorothy 2 (D2) operated at full capacity for its first full month following completion in November, though it experienced some curtailment due to the winter demand response program.
- Project Kati 1 (K1A), a 48 MW project, is on track for substantial completion by the end of January, with electrical installation and termination underway.
- Project Kati 2 is under a non-binding letter of intent from a potential Neocloud tenant, and Soluna is working to source an additional 50MW+ from the Las Majadas wind farm to expand the project.
- Preparation is complete for a 20 MW deployment at Dorothy 1, with both current and new customer agreements scheduled to energize in 2026.
Jan 13, 2026, 12:30 PM
Soluna Holdings, Inc. and Siemens Partner on AI Power Management Pilot
SLNH
New Projects/Investments
- Soluna Holdings, Inc. signed a Memorandum of Understanding (MOU) with Siemens on January 8, 2026, to develop a behind-the-meter power-and-controls approach for managing GPU-driven power swings in AI and high-performance computing workloads.
- The collaboration involves a 2 MW pilot project at Soluna's Project Grace site in Texas, which aims to utilize renewable energy to power AI applications and address rapid power demand fluctuations.
- Siemens will integrate its electrical infrastructure, controls, and monitoring into the pilot to establish a repeatable blueprint for future behind-the-meter AI deployments at renewable generation sites.
Jan 8, 2026, 12:30 PM
Soluna Holdings, Inc. Announces Strong Q3 2025 Results and Operational Expansion
SLNH
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Soluna Holdings, Inc. reported strong Q3 2025 results, including 37% sequential revenue growth, gross profit rising to 28%, and cash reaching a record $60 million.
- The company completed its 48 MW Project Dorothy 2 expansion, increasing total operational capacity by 64% to 123 MW at its West Texas campus.
- Construction is progressing on Project Kati, a 166 MW wind-powered data center, with 12 MW of containers installed for Phase K1A and civil construction initiated for Phase K1B.
- Customer deployments included 48 MW across three new partnership agreements at Project Dorothy 2 and 7 MW across two new partnership agreements at Project Sophie.
Dec 9, 2025, 12:30 PM
Soluna Holdings Announces November 2025 Business Update and Q3 2025 Results
SLNH
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Soluna reported strong Q3 2025 earnings, including 37% sequential revenue growth, gross profit rising to 28%, and cash reaching a record $60 million.
- The 48 MW Project Dorothy 2 expansion was completed and fully energized, increasing total operational capacity by 64% to 123 MW at its West Texas campus.
- Construction is underway for Project Kati, a 166 MW wind-powered data center, with initial installations progressing for Phase K1A and civil construction started for Phase K1B.
- A 3.3 MW partnership with KULR was deployed at Project Sophie, bringing the site to full capacity.
Dec 9, 2025, 12:30 PM
Soluna Holdings Announces Closing of $32 Million Registered Direct Offering
SLNH
New Projects/Investments
- Soluna Holdings, Inc. (SLNH) announced the closing of a registered direct offering on December 8, 2025, which generated approximately $32 million in gross proceeds.
- The offering involved the sale of 18,079,144 shares of common stock (or pre-funded warrants) and accompanying Series C warrants, with a purchase price of $1.77 per share.
- The Series C warrants are immediately exercisable at an exercise price of $1.65 per share and will expire five years from issuance.
- The company plans to use the net proceeds for working capital, project-level equity, and general corporate purposes.
Dec 8, 2025, 1:00 PM
Soluna Holdings, Inc. Reports Q3 2025 Results
SLNH
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Soluna Holdings, Inc. reported a 37% sequential increase in revenue from Q2 2025 to Q3 2025, reaching $8.415 million, with gross profit improving to 28% in Q3 2025 from 19% in Q2 2025.
- The company's cash reserves increased by $45 million to a record $60.5 million in Q3 2025. Soluna also secured a $100 million credit facility from Generate Capital and raised $64 million gross capital through various sources during the quarter, while regaining Nasdaq compliance.
- Operationally, Soluna surpassed 4 EH/s of hash rate under management and exceeded 1 gigawatt of clean computing projects in operation, construction, and development. Key project milestones include the launch of Project Kati 1 and Project Dorothy 2 reaching full capacity.
- Despite operational and revenue growth, Soluna reported a net loss of $25.787 million for Q3 2025, primarily driven by a $22.0 million fair value adjustment of exercised warrants. Adjusted EBITDA for Q3 2025 was ($6.374 million), though it was positive $0.1 million when excluding special charges.
Nov 17, 2025, 12:31 PM
Soluna Holdings Completes Project Dorothy 2, Significantly Expanding Operational Capacity
SLNH
New Projects/Investments
Revenue Acceleration/Inflection
- Soluna Holdings, Inc. has completed and fully energized Project Dorothy 2, the 48 MW second phase of its flagship Project Dorothy in West Texas.
- This milestone increases Soluna's total energized data center capacity to 123 MW and over 5 EH/s, representing a 73.3% increase since April 2025.
- The entire 100 MW Project Dorothy campus is now fully operational, having been delivered on time and on budget.
- The Project Dorothy campus, designed for Bitcoin mining and AI, has a total capacity of 98 MW for Bitcoin mining, with an operating hashrate of >3.9 EH/s and >94% uptime.
Nov 13, 2025, 12:30 PM
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