{"id":936464,"date":"2026-02-12T07:41:52","date_gmt":"2026-02-12T12:41:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-announces-monthly-business-update-13\/"},"modified":"2026-02-12T07:41:52","modified_gmt":"2026-02-12T12:41:52","slug":"soluna-announces-monthly-business-update-13","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-announces-monthly-business-update-13\/","title":{"rendered":"Soluna Announces Monthly Business Update"},"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><i>Soluna Announces Monthly Business Update<\/i><\/b><\/p>\n<p class=\"bwalignc\">\nEngineering a 350MW AI campus for Project Kati 2<\/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 its January 2026 project site-level operations, developments, and updates.<\/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\/20260212269143\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260212269143\/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\/20260212269143\/en\/2718848\/4\/SLNH_MB_Kati_2_100_MW.jpg\" alt=\"Rendering of Soluna x Metrobloks 100MW AI Data Center\" \/><\/p>\n<p style=\"font-size:85%\">Rendering of Soluna x Metrobloks 100MW AI Data Center<\/p>\n<\/div>\n<p>\nThe Company has provided the following Corporate and Site Updates.<\/p>\n<p><b>Key Company Metrics:<\/b><\/p>\n<p>\nThe monthly metrics are now available <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Finvestors%2Foperating-metrics%2F&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=2e5c4445e39ab0bc538485a449707512\">here<\/a>.<\/p>\n<p><b>Corporate Highlights:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nSoluna and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Fnews%2Fsiemens-partnership%2F&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=Siemens&amp;index=2&amp;md5=89482d3fb3370056f8ed3d19a446a3e7\">Siemens<\/a> collaborate to address GPU power volatility in behind-the-meter AI deployments.<\/p>\n<\/li>\n<li>\nSoluna and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Fnews%2Fmetrobloks-project-kati%2F&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=Metrobloks&amp;index=3&amp;md5=752c99b4c9cfae980afb28ec21a2909d\">Metrobloks<\/a> partner to unlock 100+ MW of AI and HPC capacity at Project Kati 2.<\/p>\n<\/li>\n<li>\nMichael Picchi appointed <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Fnews%2Fmichael-picchi%2F&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=Chief+Financial+Officer&amp;index=4&amp;md5=fe98a8e39e6cb1fe04e88db855587b4f\">Chief Financial Officer<\/a> of Soluna, effective April 1, 2026.<\/p>\n<\/li>\n<li>\nSoluna featured in <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.techbrew.com%2Fstories%2F2026%2F01%2F13%2Fgreen-data-centers-explained&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=Tech+Brew&amp;index=5&amp;md5=7016663403081db57f7c3d11fcba2175\"><i>Tech Brew<\/i><\/a><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.techbrew.com%2Fstories%2F2026%2F01%2F13%2Fgreen-data-centers-explained&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=%3A&amp;index=6&amp;md5=1443af4c7e0591b8d8e4c53c16da49ee\">:<\/a> \u201cThe \u2018greener\u2019 the data center, the greater the potential savings,\u201d by Tricia Crimmins.<\/p>\n<\/li>\n<li>\nCEO John Belizaire joins <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.projectfinance.law%2Fpodcasts%2F2026%2Fjanuary%2Fep330-using-curtailed-power-for-data-centers%2F&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=Currents&amp;index=7&amp;md5=cda80c7d52036d3dd302203e3d3a80ea\"><i>Currents<\/i><\/a>, a Norton Rose Fulbright podcast, to discuss curtailed power and data center design.<\/p>\n<\/li>\n<li>\nCEO John Belizaire discusses Soluna\u2019s AI expansion plans at Project Kati 2 on the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fsi%3DGpBn8O9aU74TJRb7%26v%3DqmOJlZI91yI%26feature%3Dyoutu.be&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=Power+Mining+Analysis&amp;index=8&amp;md5=fba4753e20b37d970ca1c1bfeb65dc6c\"><i>Power Mining Analysis<\/i><\/a> podcast.<\/p>\n<\/li>\n<\/ul>\n<p><b>Key Project Updates:<\/b><\/p>\n<p><b>Project Dorothy 1A (25 MW, Bitcoin Hosting) \/ Project Dorothy 1B (25 MW, Bitcoin Prop-Mining):<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nCustomer deployments are underway at D1A for a 20 MW fleet upgrade, which is expected to be completed by the end of February.<\/p>\n<\/li>\n<li>\nD1A and D1B experienced increased curtailment time due to recent winter storms and the resulting grid demand.<\/p>\n<\/li>\n<\/ul>\n<p><b>Project Dorothy 2 (48 MW, Bitcoin Hosting):<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nOperations remained strong for the month, with all customers at full capacity.<\/p>\n<\/li>\n<li>\nD2 experienced increased curtailment time due to the recent winter storms and the resulting grid demand.<\/p>\n<\/li>\n<\/ul>\n<p><b>Project Sophie (25 MW, Bitcoin Hosting):<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nThe site has continued to operate at a steady state despite the challenging wintry conditions, with impacts throughout the month.<\/p>\n<\/li>\n<\/ul>\n<p><b>Project Kati 1 (83 MW Under Construction, Bitcoin Hosting):<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nEnergization approval from ERCOT has been obtained, and power commissioning for K1A Galaxy Phase 1 (24 MW) has been initiated and is expected to be completed in February.<\/p>\n<\/li>\n<li>\nK1A Galaxy Phase 2 (12 MW) is on track to begin power commissioning in March, and K1A Phase 3 (12 MW) is on track to begin power commissioning in April.<\/p>\n<\/li>\n<li>\nConstruction of K1B (35 MW, Soluna MDCs \/ Cormint) continues to progress with MDC framing underway.<\/p>\n<\/li>\n<li>\nA new partnership has been announced to install and pilot Cormint&#8217;s proprietary container design at K1B (12 MW) for the balance of capacity, with equipment delivery expected in Q2.<\/p>\n<\/li>\n<\/ul>\n<p><b>Project Kati 2 (Under Development, AI\/HPC Hosting):<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAnnounced a joint venture with Metrobloks and an AI plan for Project Kati 2.<\/p>\n<\/li>\n<li>\nEngineering a plan to deliver a 350MW Critical IT Tier 3 AI campus, spread across 7 buildings.<\/p>\n<\/li>\n<li>\nSecured over 500 acres of additional land to support a larger campus plan.<\/p>\n<\/li>\n<li>\nLaunched the Request for Proposals (RFP) process to 10 construction management firms, which is expected to be completed by the end of February.<\/p>\n<\/li>\n<li>\nActively engaged in negotiations with 3 potential single-tenants to pre-lease the full campus.<\/p>\n<\/li>\n<\/ul>\n<p><b>Project Grace (2 MW Under Development, AI\/HPC Hosting):<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAdvancing design optimization and technical validation for Project Grace\u2019s microgrid electrical architecture for AI load integration.<\/p>\n<\/li>\n<\/ul>\n<p><b>Pipeline Highlights:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nFinalizing Power Purchase Agreements (PPAs) and Retail Electric Provider (REP) agreements for the Ellen, Hedy, and Rosa projects.<\/p>\n<\/li>\n<li>\nProject Annie has entered the Transmission\/Distribution Service Provider (TDSP) planning queue and will not require the ERCOT Large Flexible Load process. A Definitive Purchase and Sale Agreement has been executed for the acquisition of 18 acres of land.<\/p>\n<\/li>\n<li>\nPPA negotiations are advancing for projects Annie, Gladys, and Fei.<\/p>\n<\/li>\n<\/ul>\n<p><b>Customer Success:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nDeploying 20 MW at Dorothy 1A from a current customer expansion.<\/p>\n<\/li>\n<\/ul>\n<p>\nView Soluna\u2019s recent AMA <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Ftag%2Fama%2F&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=here&amp;index=9&amp;md5=34d0fa062e5d80b01bfc62c5807344f5\">here<\/a>.<\/p>\n<p>\nSoluna\u2019s <i>updated<\/i> glossary of terms is available <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=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=here&amp;index=10&amp;md5=2bc416c2eea76e30e1d3f12fca1abaa1\">here<\/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 include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business and our expectations with respect to Project Dorothy 1A\u2019s 20MW Canaan deployment, and the construction of Project Kati 1, 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. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the Securities and Exchange Commission (\u201cSEC\u201d), including the \u201cRisk Factors\u201d section of our Annual Report on Form 10-K filed with the SEC on March 31, 2025. All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by 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&amp;esheet=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=solunacomputing.com&amp;index=11&amp;md5=89dd5f5995c94c81af3966035334611e\">solunacomputing.com<\/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=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsolunaholdings%2F&amp;index=12&amp;md5=f1203ae22592d6b144eaea5901a0a486\">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=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=x.com%2Fsolunaholdings&amp;index=13&amp;md5=b488d120ec389075ececb763c5a3ea50\">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=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=youtube.com%2Fc%2Fsolunacomputing&amp;index=14&amp;md5=37e9026dbab8f8beefee7c5f029de9ef\">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=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=bit.ly%2Fsolunasubscribe&amp;index=15&amp;md5=0c3599fc5ee01e4bc5a34b51e5ad82ef\">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=54423498&amp;newsitemid=20260212269143&amp;lan=en-US&amp;anchor=solunacomputing.com%2Fresources&amp;index=16&amp;md5=128d7cd6952b7a423d39624b58c4bd44\">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 regularly.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260212269143r1&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\/20260212269143\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260212269143\/en\/<\/a><\/span><\/p>\n<p>\nPublic 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> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Natural Resources Artificial Intelligence Mining\/Minerals<\/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\/20260212269143\/en\/2718848\/3\/SLNH_MB_Kati_2_100_MW.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Rendering of Soluna x Metrobloks 100MW AI Data Center<\/font><\/td>\n<\/tr>\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\/20260212269143\/en\/2718849\/3\/SLNH_Project_Kati_1_Energization.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Photos of Soluna\u2019s 83MW Project Kati 1 Under Construction, January 2026<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Soluna Announces Monthly Business Update Engineering a 350MW AI campus for Project Kati 2 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 its January 2026 project site-level operations, developments, and updates. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260212269143\/en\/ Rendering of Soluna x Metrobloks 100MW AI Data Center The Company has provided the following Corporate and Site Updates. Key Company Metrics: The monthly metrics are now available here. Corporate Highlights: Soluna and Siemens collaborate to address GPU power volatility in behind-the-meter AI deployments. Soluna and Metrobloks partner to unlock 100+ MW of AI and HPC capacity at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-announces-monthly-business-update-13\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Soluna Announces Monthly Business Update&#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-936464","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 Announces Monthly Business Update - 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-announces-monthly-business-update-13\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soluna Announces Monthly Business Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Soluna Announces Monthly Business Update Engineering a 350MW AI campus for Project Kati 2 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 its January 2026 project site-level operations, developments, and updates. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260212269143\/en\/ Rendering of Soluna x Metrobloks 100MW AI Data Center The Company has provided the following Corporate and Site Updates. Key Company Metrics: The monthly metrics are now available here. Corporate Highlights: Soluna and Siemens collaborate to address GPU power volatility in behind-the-meter AI deployments. 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(\u201cSoluna\u201d or the \u201cCompany\u201d) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced its January 2026 project site-level operations, developments, and updates. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260212269143\/en\/ Rendering of Soluna x Metrobloks 100MW AI Data Center The Company has provided the following Corporate and Site Updates. Key Company Metrics: The monthly metrics are now available here. Corporate Highlights: Soluna and Siemens collaborate to address GPU power volatility in behind-the-meter AI deployments. 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