Soluna Holdings announces June 2026 operations update

Soluna Holdings, Inc. announced its project site-level operations, developments, and updates for June 2026. The company, a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, provided details on its recent activities.

Operations Overview

The update covers operational performance and strategic developments across Soluna's project sites. The company continues to focus on sustainable computing solutions, leveraging renewable energy to power its data centers.

Key Focus Areas

Soluna's operations are centered on two primary segments:

Bitcoin Mining: Utilizing green energy to mine cryptocurrencies.
AI Computing: Providing infrastructure for intensive artificial intelligence applications.

The company remains committed to expanding its footprint in the green data center sector, aligning with global sustainability goals.

Soluna Holdings, Inc. reported a May hosted hashrate of 5,303, an increase from 4,629 in the previous month, alongside Q1 revenue growth of 58% year-over-year. The company achieved a record hash rate and manages 147 MW, with Bitcoin hosting revenue increasing 178% YoY. Soluna advanced its AI infrastructure projects, signing definitive agreements for joint ventures and land acquisitions to support its 4.3 GW pipeline.

Corporate Highlights

Soluna regained compliance with Nasdaq listing requirements and acquired full ownership of Project Dorothy 1B, completing the equity consolidation of the Dorothy 1 campus. The company engaged a top-tier investment bank to lead capital raising for Project Kati 2. CEO John Belizaire featured in a May cover story by Data Centre Magazine discussing speed-to-power infrastructure, while CFO Mike Picchi addressed investor questions regarding Q1 results and capital strategy.

Key Project Updates

Project Name	Capacity (MW)	Status	Key Updates
Dorothy 1A	25	Operational	Transformer repair completed; operations at full capacity.
Dorothy 1B	25	Operational	Hosting deployments in progress with Blockware and Saz Mining; 6 MDCs planned for hosting, 16 for prop mining.
Dorothy 2	48	Operational	All customers at full capacity.
Sophie	25	Operational	All customers at full capacity.
Kati 1	83	Under Construction	K1A Galaxy operations steady; K1B Phase 1 substantial completion achieved; Phase 2 power commissioning completed.
Kati 2	350+	Under Development	Definitive JV agreement signed with Metrobloks; RFP launched for Phase I.
Dorothy 3	300+	Under Development	Definitive purchase agreement signed for 300 acres; environmental due diligence underway.
Grace	2	Under Development	PSSE/PSCAD modeling in progress with Siemens PTI team.

Pipeline and Customer Success

Soluna is developing Project Annie, a 74 MW Bitcoin hosting site, with capital formation and modular construction design activities commenced. ERCOT interconnection studies are nearing completion. Projects Ellen, Hedy, and Rosa are advancing through interconnection and transmission processes. The company is completing MW deployments across new and expanding partnership agreements at Projects Dorothy 1 and 2.

Briscoe Wind Farm Integration

The Briscoe Wind Farm (150 MW), co-located to Project Dorothy, was successfully integrated into Soluna's operations. Scheduled gearbox maintenance on select turbines was completed in May, supporting long-term reliability.