{"id":874431,"date":"2025-08-12T07:34:29","date_gmt":"2025-08-12T11:34:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/"},"modified":"2025-08-12T07:34:29","modified_gmt":"2025-08-12T11:34:29","slug":"soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/","title":{"rendered":"Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at 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\"><b>Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati<\/b><\/p>\n<p class=\"bwalignc\"><i>New deployment\u2014 largest to date\u2014secures its first operational partner at Project Kati 1, expands to 83 MW, and is construction-ready to launch.<\/i><\/p>\n<p>ALBANY, N.Y.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2F&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=Soluna+Holdings%2C+Inc&amp;index=1&amp;md5=b207595acbe611d69c2c4610dfd0cbf7\">Soluna Holdings, Inc<\/a>. (\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 an expanded partnership with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.galaxy.com%2F&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=Galaxy+Digital&amp;index=2&amp;md5=ad53e5a8a35431eeff0fc874d449193e\">Galaxy Digital<\/a> Inc. (\u201cGalaxy\u201d) (NASDAQ\/TSX: GLXY), a global leader in digital assets and datacenter infrastructure. Under the new agreement, Galaxy will deploy proprietary bitcoin mining operations \u2013 previously housed at their Helios datacenter campus in the Texas panhandle \u2013 at a 48 MW expansion of Soluna\u2019s Project Kati 1 in Texas. <b>The expansion brings Project Kati 1 to its full capacity of 83 MW and, having cleared tax abatement approvals, construction is expected to launch before the end of August<\/b>.<\/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\/20250812900775\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250812900775\/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\/20250812900775\/en\/2549747\/4\/slnh_kati_x_galaxy.jpg\" alt=\"Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati\" \/><\/p>\n<p style=\"font-size:85%\">Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati<\/p>\n<\/div>\n<p>\nSoluna <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Fnews%2Fsoluna-secures-5-million-in-non-dilutive-debt-financing-from-galaxy-digital%2F&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=previously+entered+into+a+%245+million+loan+facility&amp;index=3&amp;md5=b744af164e949f6d2e2c0416bab5e705\">previously entered into a $5 million loan facility<\/a> with Galaxy in Q1 2025. With this new deployment, the partnership extends into an operational collaboration.<\/p>\n<p>\nProject Kati 1 is currently expected to be operational in Q1 2026. This expansion marks Soluna\u2019s largest deployment of a single partner to date, following a recent 30 MW rollout with another Top-Tier Bitcoin miner. Galaxy will be the first customer to begin mining operations at Project Kati 1 once construction is complete.<\/p>\n<p>\n\u201cAs demand from hyperscaler miners continues to surge, Soluna is scaling to meet the moment,\u201d said John Belizaire, CEO of Soluna. \u201cThis partnership with Galaxy represents our largest MW deployment to date and underscores how our modular approach allows us to deliver efficient, renewable-powered infrastructure at scale. We\u2019re proud to deepen our relationship with Galaxy and help power the next wave of computing.\u201d<\/p>\n<p>\nKey Deal overview:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\n48 MW of hosting of Galaxy Bitcoin mining containers and miners<\/p>\n<\/li>\n<li>\nDeployment expected 1Q26 and 2Q26<\/p>\n<\/li>\n<li>\nTurnkey power infrastructure and operations provided by Soluna<\/p>\n<\/li>\n<\/ul>\n<p>\n\u201cAs we transition our Helios campus to an AI and high-performance computing data center, we\u2019re pleased to relocate a portion of our existing Bitcoin mining assets to Soluna to manage,\u201d said Sam Kiernan, Business Development Lead at Galaxy.<\/p>\n<p>\nThe company expects that this expansion will bring Soluna\u2019s operating capacity to 206 MW once fully deployed.<\/p>\n<p>\nFor more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2F&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=www.solunacomputing.com&amp;index=4&amp;md5=d3f912ca2a3b7452cace402e5191ea48\"><b>www.solunacomputing.com<\/b><\/a><\/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=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=here&amp;index=5&amp;md5=aa0ec7e4e3dd798b414d4ab288fc6534\"><b>here<\/b><\/a>.<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>\nThis 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 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. Other examples of forward-looking statements may include, but are not limited to, statements of Soluna\u2019s plans and objectives, including with respect to the development of Project Kati and our expectations with respect to the amount of renewable energy capacity Project Kati will deliver. Soluna may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\u201cSEC\u201d), 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 SEC. 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.<\/p>\n<p><b>About Soluna Holdings, Inc. (Nasdaq: SLNH)<\/b><\/p>\n<p>\nSoluna 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%2F&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=solunacomputing.com&amp;index=6&amp;md5=21dad870f1b8996c81edc1c884483e24\"><b>solunacomputing.com<\/b><\/a> and follow us on:<\/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=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsolunaholdings%2F&amp;index=7&amp;md5=2545d3ce4cb3eabca0c0ac3062595c47\"><b>https:\/\/www.linkedin.com\/company\/solunaholdings\/<\/b><\/a><\/p>\n<p>\nX (formerly Twitter): <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fx.com%2Fsolunaholdings&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=x.com%2Fsolunaholdings&amp;index=8&amp;md5=39b6100f4bbc81553f0c2a91ca70ef7d\"><b>x.com\/solunaholdings<\/b><\/a><\/p>\n<p>\nYouTube: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fyoutube.com%2Fc%2Fsolunacomputing&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=youtube.com%2Fc%2Fsolunacomputing&amp;index=9&amp;md5=380146dcbcc73f10d5b1c7f8161f27e1\"><b>youtube.com\/c\/solunacomputing<\/b><\/a><\/p>\n<p>\nNewsletter: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fbit.ly%2Fsolunasubscribe&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=bit.ly%2Fsolunasubscribe&amp;index=10&amp;md5=50d2f62a958898b96495a3a59be0ddd7\"><b>bit.ly\/solunasubscribe<\/b><\/a><\/p>\n<p>\nResource Center: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fsolunacomputing.com%2Fresources&amp;esheet=54306558&amp;newsitemid=20250812900775&amp;lan=en-US&amp;anchor=solunacomputing.com%2Fresources&amp;index=11&amp;md5=7114acd16b4a5a855be3cc4eb393292a\"><b>solunacomputing.com\/resources<\/b><\/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 regularly.<\/p>\n<p><b>About Galaxy<\/b><\/p>\n<p>\nGalaxy Digital Inc. (NASDAQ\/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Galaxy\u2019s digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, Galaxy invests in and operates cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. Galaxy is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250812900775r1&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\/20250812900775\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250812900775\/en\/<\/a><\/span><\/p>\n<p><b>Soluna Contact Information<br \/>\n<\/b><br \/>Public Relations<br \/>\n<br \/>West of Fairfax for Soluna<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Soluna@westof.co\">Soluna@westof.co<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Alternative Energy Construction &amp; Property Data Management Energy Green Technology Sustainability Technology Professional Services Environment Artificial Intelligence Digital Cash Management\/Digital Assets Other Technology Other Construction &amp; Property Cryptocurrency<\/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\/20250812900775\/en\/2549747\/3\/slnh_kati_x_galaxy.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati New deployment\u2014 largest to date\u2014secures its first operational partner at Project Kati 1, expands to 83 MW, and is construction-ready to launch. 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 an expanded partnership with Galaxy Digital Inc. (\u201cGalaxy\u201d) (NASDAQ\/TSX: GLXY), a global leader in digital assets and datacenter infrastructure. Under the new agreement, Galaxy will deploy proprietary bitcoin mining operations \u2013 previously housed at their Helios datacenter campus in the Texas panhandle \u2013 at a 48 MW expansion of Soluna\u2019s Project Kati 1 in Texas. The expansion &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at 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-874431","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at 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-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati New deployment\u2014 largest to date\u2014secures its first operational partner at Project Kati 1, expands to 83 MW, and is construction-ready to launch. 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 an expanded partnership with Galaxy Digital Inc. (\u201cGalaxy\u201d) (NASDAQ\/TSX: GLXY), a global leader in digital assets and datacenter infrastructure. Under the new agreement, Galaxy will deploy proprietary bitcoin mining operations \u2013 previously housed at their Helios datacenter campus in the Texas panhandle \u2013 at a 48 MW expansion of Soluna\u2019s Project Kati 1 in Texas. 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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 an expanded partnership with Galaxy Digital Inc. (\u201cGalaxy\u201d) (NASDAQ\/TSX: GLXY), a global leader in digital assets and datacenter infrastructure. Under the new agreement, Galaxy will deploy proprietary bitcoin mining operations \u2013 previously housed at their Helios datacenter campus in the Texas panhandle \u2013 at a 48 MW expansion of Soluna\u2019s Project Kati 1 in Texas. The expansion &hellip; Continue reading \"Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/","og_site_name":"Market Newsdesk","article_published_time":"2025-08-12T11:34:29+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20250812900775\/en\/2549747\/4\/slnh_kati_x_galaxy.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-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati","datePublished":"2025-08-12T11:34:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/"},"wordCount":972,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20250812900775\/en\/2549747\/4\/slnh_kati_x_galaxy.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-expands-partnership-with-galaxy-digital-to-deploy-48-mw-at-project-kati\/","name":"Soluna Expands Partnership with Galaxy Digital to Deploy 48 MW at Project Kati - 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