Soluna Announces $53M Acquisition of Wind Farm for AI Facility
Soluna Holdings acquired a $53 million wind farm in Texas to power its new Project Dorothy 3 AI data center, aiming to capitalize on the growing AI market.Summary
Soluna Holdings, a Bitcoin mining and AI infrastructure company, announced the completion of a $53 million acquisition of the Briscoe Wind Farm in Briscoe County, Texas. The wind farm has a potential capacity of up to 300 megawatts and will power Soluna’s Project Dorothy 3 AI data center campus. The company projects annualized revenue of $20 to $24.4 million from the facility. This move comes as Soluna expands into AI data center infrastructure, responding to a broader industry trend of diversifying from crypto mining due to declining revenues and increasing economic pressures. The Bitcoin mining industry is facing challenges like declining block rewards, rising energy costs, and compressing profit margins, with some miners operating at a loss. Soluna’s share price increased by approximately 7.6% following the announcement, trading at around $0.76.
(Source：Cointelegraph)