Soluna Holdings Inc

Soluna Holdings has signed a 28-megawatt co-mining agreement with Bitdeer Technologies Group, adding approximately 1.93 EH/s of Bitcoin mining capacity at its wind-powered Project Kati 1 site in South Texas. Bitdeer will deploy SEALMINER A2 Pro Air machines beginning in September 2026, with capacity scheduled to come online in batches. Soluna will provide the site, power and turnkey operations, while Bitdeer will own the mining equipment and both companies will share proceeds generated by the deployment. The agreement introduces a new structure for Soluna's Bitcoin platform, allowing the company to participate directly in mining economics alongside Bitdeer rather than collecting only hosting revenue. Project Kati 1 is an 83 MW data center in Willacy County that delivered its first gross profit during the second quarter, and the Bitdeer deployment will be located in the K1BC phase, extending activity at Soluna's largest operating site.

Soluna Holdings has appointed Ryan Carver, a former Microsoft hyperscale executive, as Chief Development Officer to accelerate its AI infrastructure platform. Carver will oversee the full lifecycle of Soluna's AI and high-performance computing data center platform, from site origination and power procurement through design, construction, commissioning, and operations, reporting directly to CEO John Belizaire. He joins from Microsoft, where he most recently served as Senior Director of AI Construction & Site Development, leading a construction profit-and-loss in the tens of billions of dollars across the company's AI data center campus development. Soluna develops green data centers co-located with renewable energy sources for intensive computing applications including AI and Bitcoin mining.