{"id":837337,"date":"2025-04-15T08:10:56","date_gmt":"2025-04-15T12:10:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/"},"modified":"2025-04-15T08:10:56","modified_gmt":"2025-04-15T12:10:56","slug":"soluna-signs-land-agreements-for-166-mw-project-kati","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/","title":{"rendered":"Soluna Signs Land Agreements for 166 MW Project Kati"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nSoluna Signs Land Agreements for 166 MW Project Kati\n<\/p>\n<p class=\"bwalignc\">\nTargets Sustainable AI and Bitcoin Growth\n<\/p>\n<p>ALBANY, N.Y.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSoluna Holdings, Inc. (\u201cSoluna\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today that it has signed the necessary definitive agreements to secure two parcels of land required to build Project Kati in Texas.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250415193813\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250415193813\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250415193813\/en\/2439006\/4\/EDF-Kati2a-presentation.jpg\" alt=\"Soluna Signs Land Agreements for 166 MW Project Kati in Texas\" \/><\/p>\n<p style=\"font-size:85%\">Soluna Signs Land Agreements for 166 MW Project Kati in Texas<\/p>\n<\/div>\n<p>\nProject Kati is a 166 MW data center site that will power advanced computing applications, including Bitcoin mining and, potentially, artificial intelligence (AI). The project is in partnership with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.edf-re.com%2Fpress-release%2Fedf-renewables-north-america-and-masdar-sign-power-purchase-agreement-with-soluna-holdings%2F&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=EDF+Renewables+and+Masdar&amp;index=1&amp;md5=a1ea4cac78836e62c80aa30242186411\">EDF Renewables and Masdar<\/a>.\n<\/p>\n<p>\nWith two strategic land parcels now under contract\u2014one for Bitcoin and one for AI\u2014Soluna has cleared a major milestone in the development of the site. The shovel-ready project will be delivered in two phases, starting with 83 MW, and is expected to unlock new Bitcoin hosting and joint venture opportunities across the high-performance computing (HPC) landscape.\n<\/p>\n<p>\n\u201cWe\u2019ve entered into the agreements necessary to secure the land we need to build this strategic project,\u201d said John Belizaire, CEO at Soluna. \u201cWe believe this milestone sets the stage for construction, investment, and innovation, and we\u2019re now ready to move from vision to execution. Project Kati will be a cornerstone of our strategy to scale sustainable Bitcoin and AI infrastructure.\u201d\n<\/p>\n<p>\nSoluna will now focus on three key areas as the project moves toward construction in 2025:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Capital Formation<\/b> \u2013 Soluna will open Project Kati to bids from prospective investors, partners, and customers for a Bitcoin Hosting data center.\n<\/li>\n<li><b>Joint Venture Opportunities<\/b> \u2013 Discussions are underway with potential partners to co-develop an AI or HPC-focused data center at the site.\n<\/li>\n<li><b>HPC Site Analysis<\/b> \u2013 With the help of expert advisors, Soluna has already completed the evaluation of the site for Tier-3, confirming its suitability for high performance computing and AI data center capabilities, including environmental, energy, and connectivity factors.\n<\/li>\n<\/ul>\n<p>\nThe Company expects that Phase 1 of Project Kati\u201483 MW\u2014would bring its operating capacity to over 206 MW, reinforcing its leadership in powering next-generation computing with renewable energy.\n<\/p>\n<p>\nIn keeping with its tradition of honoring women scientists, Soluna named Project Kati after Katalin \u201cKati\u201d Karik\u00f3, the pioneering Hungarian scientist whose groundbreaking work made mRNA-based therapies and modern vaccines possible.\n<\/p>\n<p>\nClosing of the land transactions is subject to the entering into of final agreements with Willacy County and Lyford School District related to potential tax abatements, the structuring of the data center transaction, and final Soluna due diligence.\n<\/p>\n<p>\nFor more information about Soluna and its projects, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fsolunacomputing.com&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=solunacomputing.com&amp;index=2&amp;md5=0a177915e36dfd2aa48a32ba809b0c6c\">solunacomputing.com<\/a>.\n<\/p>\n<p>\nSoluna\u2019s glossary of terms can be found <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Finvestors%2Fupdates%2Fglossary%2F&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=here&amp;index=3&amp;md5=0923e5b4a4ffac1a885bb16b6ed6d528\">here<\/a>.\n<\/p>\n<p><b>Safe Harbor Statement<br \/>\n<br \/><\/b>This announcement contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business, our expectations with respect to the completion of Project Kati, including our ability to satisfy the conditions to closing and complete the land transactions, our expectations with respect to the amount of renewable energy capacity the project will deliver and our ability to complete the project on the projected timeline or at all, and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cconfident,\u201d and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna\u2019s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company\u2019s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.\n<\/p>\n<p><b>About Soluna Holdings, Inc (Nasdaq: SLNH)<br \/>\n<br \/><\/b>Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna\u2019s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna\u2019s proprietary software MaestroOS(\u2122) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fsolunacomputing.com&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=solunacomputing.com&amp;index=4&amp;md5=d5f86a6eb870b86f8bbe8593d291fe4f\">solunacomputing.com<\/a> and follow us on:\n<\/p>\n<p>\nLinkedIn: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsolunaholdings%2F&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsolunaholdings%2F&amp;index=5&amp;md5=1896618707535866cc6c228346f69c5d\">https:\/\/www.linkedin.com\/company\/solunaholdings\/<br \/>\n<\/a><br \/>X (formerly Twitter): <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fx.com%2Fsolunaholdings&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=x.com%2Fsolunaholdings&amp;index=6&amp;md5=f76d8e424727db20f3426f89d9806ed5\">x.com\/solunaholdings<br \/>\n<\/a><br \/>YouTube: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fyoutube.com%2Fc%2Fsolunacomputing&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=youtube.com%2Fc%2Fsolunacomputing&amp;index=7&amp;md5=09929e9333892bfdde9b614c4be4b822\">youtube.com\/c\/solunacomputing<br \/>\n<\/a><br \/>Newsletter: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fbit.ly%2Fsolunasubscribe&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=bit.ly%2Fsolunasubscribe&amp;index=8&amp;md5=fa97ec811d05c15c81f03c8e6d8360ab\">bit.ly\/solunasubscribe<br \/>\n<\/a><br \/>Resource Center: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fsolunacomputing.com%2Fresources&amp;esheet=54238177&amp;newsitemid=20250415193813&amp;lan=en-US&amp;anchor=solunacomputing.com%2Fresources&amp;index=9&amp;md5=82105ed8a8ff334a4b9bf9cbf22a5af5\">solunacomputing.com\/resources<\/a><\/p>\n<p>\nSoluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250415193813r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250415193813\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250415193813\/en\/<\/a><\/span><\/p>\n<p>\nCybele Ramirez<br \/>\n<br \/>Director, Marketing<br \/>\n<br \/>Soluna Holdings, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@soluna.io\">ir@soluna.io<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Technology Alternative Energy Energy Software Networks Artificial Intelligence<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250415193813\/en\/2439006\/3\/EDF-Kati2a-presentation.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Soluna Signs Land Agreements for 166 MW Project Kati in Texas<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Soluna Signs Land Agreements for 166 MW Project Kati Targets Sustainable AI and Bitcoin Growth ALBANY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Soluna Holdings, Inc. (\u201cSoluna\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today that it has signed the necessary definitive agreements to secure two parcels of land required to build Project Kati in Texas. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250415193813\/en\/ Soluna Signs Land Agreements for 166 MW Project Kati in Texas Project Kati is a 166 MW data center site that will power advanced computing applications, including Bitcoin mining and, potentially, artificial intelligence (AI). The project is in partnership with EDF Renewables and Masdar. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Soluna Signs Land Agreements for 166 MW Project Kati&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837337","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Soluna Signs Land Agreements for 166 MW Project Kati - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soluna Signs Land Agreements for 166 MW Project Kati - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Soluna Signs Land Agreements for 166 MW Project Kati Targets Sustainable AI and Bitcoin Growth ALBANY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Soluna Holdings, Inc. (\u201cSoluna\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today that it has signed the necessary definitive agreements to secure two parcels of land required to build Project Kati in Texas. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250415193813\/en\/ Soluna Signs Land Agreements for 166 MW Project Kati in Texas Project Kati is a 166 MW data center site that will power advanced computing applications, including Bitcoin mining and, potentially, artificial intelligence (AI). 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/","og_locale":"en_US","og_type":"article","og_title":"Soluna Signs Land Agreements for 166 MW Project Kati - Market Newsdesk","og_description":"Soluna Signs Land Agreements for 166 MW Project Kati Targets Sustainable AI and Bitcoin Growth ALBANY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Soluna Holdings, Inc. (\u201cSoluna\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today that it has signed the necessary definitive agreements to secure two parcels of land required to build Project Kati in Texas. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250415193813\/en\/ Soluna Signs Land Agreements for 166 MW Project Kati in Texas Project Kati is a 166 MW data center site that will power advanced computing applications, including Bitcoin mining and, potentially, artificial intelligence (AI). The project is in partnership with EDF Renewables and Masdar. &hellip; Continue reading \"Soluna Signs Land Agreements for 166 MW Project Kati\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-15T12:10:56+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20250415193813\/en\/2439006\/4\/EDF-Kati2a-presentation.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Soluna Signs Land Agreements for 166 MW Project Kati","datePublished":"2025-04-15T12:10:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/"},"wordCount":937,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20250415193813\/en\/2439006\/4\/EDF-Kati2a-presentation.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-signs-land-agreements-for-166-mw-project-kati\/","name":"Soluna Signs Land Agreements for 166 MW Project Kati - 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