Soluna Expands Bitdeer Co-Mining Deal to 35 MW, Kati 1 Fully Subscribed
SLNH has more than doubled off its 52-week low of $0.593.
Summary
Soluna and Bitdeer expanded their co-mining agreement at Project Kati 1 from 28 MW to 35 MW, adding 7 MW and bringing total hash rate to ~2.42 EH/s. The K1BC phase is now fully subscribed, and deployment is expected to complete in November 2026. This follows the original 28 MW agreement signed in August and demonstrates strong demand for Soluna's co-mining structure. The expansion adds incremental revenue potential and validates the partnership, though the financial terms are not disclosed.
At the time of this announcement, SLNH was trading at $1.19 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $301M. The 52-week trading range was $0.59 to $5.14. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.