Soluna Inks 28 MW Co-Mining Deal with Bitdeer at Texas Site
SLNH has more than doubled off its 52-week low of $0.43.
Summary
Soluna signed a 28 MW co-mining agreement with Bitdeer at Project Kati 1 in South Texas. Bitdeer will deploy about 1.93 EH/s of Bitcoin mining equipment starting September 2026, ramping in batches. This is Soluna's first co-mining structure—Soluna provides site, power, and operations; Bitdeer owns the machines; they split mining proceeds. The deal monetizes existing capacity at Kati 1, which just delivered its first gross profit in Q2 2026. It follows Soluna's heavy ATM share sales and a proxy seeking 167% more authorized shares, so this partnership adds revenue without new capital outlay. Watch for deployment progress and any revenue contribution in Q4 2026 results.
At the time of this announcement, SLNH was trading at $1.16 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $280.1M. The 52-week trading range was $0.43 to $5.14. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.