Soluna Signs Land Agreements for 166 MW Project Kati

Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced that it has signed the necessary definitive agreements to secure two parcels of land required to build 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.

With two strategic land parcels now under contract—one for Bitcoin and one for AI—Soluna 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.

“We’ve entered into the agreements necessary to secure the land we need to build this strategic project,” said John Belizaire, CEO at Soluna. “We believe this milestone sets the stage for construction, investment, and innovation, and we’re now ready to move from vision to execution. Project Kati will be a cornerstone of our strategy to scale sustainable Bitcoin and AI infrastructure.”

Soluna will now focus on three key areas as the project moves toward construction in 2025:

• Capital Formation – Soluna will open Project Kati to bids from prospective investors, partners, and customers for a Bitcoin Hosting data center.
• Joint Venture Opportunities – Discussions are underway with potential partners to co-develop an AI or HPC-focused data center at the site.
• HPC Site Analysis – 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.

The Company expects that Phase 1 of Project Kati—83 MW—would bring its operating capacity to over 206 MW, reinforcing its leadership in powering next-generation computing with renewable energy.

In keeping with its tradition of honoring women scientists, Soluna named Project Kati after Katalin “Kati” Karikó, the pioneering Hungarian scientist whose groundbreaking work made mRNA-based therapies and modern vaccines possible.

Closing 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.

Soluna | solunacomputing.com