Soluna Holdings Begins Energization of 83 MW Project Kati 1, Boosting Capacity by 67%
Summary
Soluna Holdings announced ERCOT approval to begin phased energization of its 83 MW Project Kati 1, a wind-powered data center campus for Bitcoin mining, significantly increasing its total operational capacity.
Key Events
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Project Kati 1 Energization Begins
Soluna Holdings received ERCOT approval to commence initial energizing and phased commissioning of its 83 MW Project Kati 1 on schedule.
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Significant Capacity Expansion
The project, dedicated to Bitcoin mining, will increase Soluna's total operational capacity by over 67%, pushing available compute capacity beyond 200 MW.
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Phased Commissioning Schedule
Kati 1A (48 MW) is expected to be fully ramped by early Q2, with Kati 1B (35 MW), including a 12 MW Cormint deployment, completed by the end of Q3.
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Projected Revenue Impact
Project Kati 1 is anticipated to generate $17.3 million to $19.6 million in annual revenue.
Analysis
This 8-K marks a critical operational milestone for Soluna Holdings, as it begins the phased energization of its 83 MW Project Kati 1. This project, powered by wind energy, is expected to add $17.3M-$19.6M in annual revenue and increase the company's total capacity by over 67%. The energization, which includes a 12 MW deployment with Cormint Data Systems as previously announced on February 3, 2026, demonstrates the company's execution on its growth strategy and its commitment to expanding its green data center footprint for intensive computing applications like Bitcoin mining. This development is a tangible step towards realizing the benefits of the recent $32 million capital raise completed on January 13, 2026, and other strategic partnerships.
At the time of this filing, SLNH was trading at $1.05 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $103.5M. The 52-week trading range was $0.36 to $5.14. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.