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Event File CRYPTO Bitcoin Mining

Bitcoin Miner Soluna Acquires $53 Million Wind Farm to Power AI Facility

1 reports · First detected 2026-04-03 · Last active 2026-04-03

Soluna Holdings has focused on Bitcoin mining and renewable-energy computing centers. With mining revenue under pressure and demand for power from AI and high-performance computing rising, the company is shifting toward a data-center model powered by its own renewable energy. Direct control of its power supply could reduce costs and grid interconnection risks, making the acquisition central to its AI infrastructure expansion.

Soluna announced on April 2, 2026, that it had completed the $53 million acquisition of the 150 MW Briscoe wind farm in West Texas, with Generate Capital providing $12.5 million. The asset will support the nearby Project Dorothy 3 AI campus, a 300-acre site with more than 300 MW of planned capacity. First-year adjusted EBITDA is estimated at $6 million–$11 million.

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Soluna First-Quarter Revenue Jumps 58% as Data Center Business Offsets Weaker Bitcoin Mining2026-05-19 · 1 reports · similarity 0.82

Soluna Holdings operates renewable energy-powered digital infrastructure spanning Bitcoin mining and hosting, and is expanding into AI and high-performance computing data centers. The shift is significant because mining returns are vulnerable to fluctuations in cryptocurrency prices, mining difficulty and energy costs, while hosting revenue can provide a more stable source of growth.

Soluna Holdings reported first-quarter revenue of $9.4 million, up 58% from a year earlier and marking its fourth consecutive quarter of revenue growth. Bitcoin mining revenue fell to $2.2 million from $3 million, but strong hosting operations at the Dorothy and Kati sites in Texas offset the impact of deteriorating mining conditions.

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