SLNH · Soluna Holdings, Inc.

Soluna Holdings' monthly update highlights significant strategic progress in vertical integration and operational expansion. The $53M acquisition of the Briscoe Wind Farm marks the company's first direct ownership of a renewable generation asset, reducing reliance on third-party power and enhancing cost predictability for its green data centers. Similarly, securing full ownership of Project Dorothy 1A accelerates transformation into an AI-ready campus, aligning with growing demand for AI/HPC infrastructure. Operational launches, such as the 3 MW Bitcoin mining with Sazmining at Dorothy 1B and Blockware expansion surpassing 17 MW, demonstrate deepening partnerships and scaling of hosting capacity. Regaining Nasdaq compliance resolves prior listing risks, restoring investor confidence. Project updates show resilience: Dorothy 1A expects full capacity post-transformer repairs in early May, while Kati 1B achieved mechanical completion ahead of schedule with power commissioning underway. Development pipelines for Kati 2, Dorothy 3, and Grace advance with design, interconnection studies, land acquisition, and hyperscaler discussions, positioning Soluna to capture AI energy opportunities using its behind-the-meter model.