Soluna Holdings, Inc. announced its August 2025 project site-level operations, developments, and updates, highlighting key company metrics and corporate highlights.
The company surpassed one gigawatt of clean computing projects, expanded partnership with Galaxy Digital, reported Q2'25 results, announced CFO transition, and engaged in various communication initiatives.
Project updates include progress on Project Dorothy 1A, Dorothy 1B, Dorothy 2, Sophie, and Kati, showcasing advancements, deployments, and construction phases.
Pipeline highlights demonstrate Soluna's commitment to renewable-powered computing with developments on various projects, accelerating PPA negotiations, ERCOT planning, and land acquisition activities.
Surpassed One Gigawatt Milestone
Exceeded 1 GW of renewable-powered computing with projects Gladys and Fei, marking significant scalability and progress towards the 2.8 GW roadmap.
Expanded Partnership with Galaxy Digital
Expected 48 MW deployment at Project Kati 1, emphasizing the largest hosting deployment and strengthening institutional partnerships.
Reported Q2'25 Results
Steady gross margins with a $2.3 million increase in Three-Month Adjusted EBITDA, highlighting operational growth and energization of Dorothy 2.
Announced CFO Transition
Interim CFO transition to David Michaels, bringing over 30 years of financial leadership experience to support the company's financial strategy.
Pipeline Expansion
Pipeline highlights include developments on multiple projects, surpassing 1 GW of renewable-powered computing, and accelerating activities in PPA negotiations and project planning.
- Soluna's achievement of surpassing the one gigawatt milestone demonstrates a significant advancement in the renewable-powered computing sector, showcasing the company's commitment to sustainable operations and scalability.
- The expanded partnership with Galaxy Digital reflects Soluna's strategic collaborations to enhance hosting capabilities and strengthen institutional relationships, positioning the company for future growth and innovation.
- The reported Q2'25 results reflect consistent operational performance and financial growth, with the energization of Dorothy 2 contributing to the company's overall success and market presence.
- The ongoing project updates and pipeline highlights illustrate Soluna's continuous progress in deploying clean computing projects, expanding infrastructure, and accelerating development activities, positioning the company as a key player in the renewable energy and data center industry.
Soluna's August 2025 updates highlight a period of significant achievements, including surpassing the one gigawatt milestone and commencing Project Kati 1 construction. The company's strategic initiatives, operational advancements, and partnership expansions underscore its commitment to driving innovation and sustainable computing solutions in the market.