Projects Gladys and Fei Highlight the Company’s Diversification into Solar and Expansion of Wind-Powered Data Centers

Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced that the company has reached a key milestone with One Gigawatt (“GW”) of clean computing projects in either operation, construction, or development, positioning the company to lead the way in sustainable data center development in the United States.

The milestone was reached with the launch of two new Texas-based sites: Project Fei, a solar-powered facility in northern Texas, and Project Gladys, a wind-powered facility in the southeast region of the state.

Project Fei is a 100 MW data center co-located with a 240 MW utility-scale solar farm, Soluna’s second solar-based project to date. Developed in partnership with a global leader in energy infrastructure investment, Project Fei will convert underutilized solar energy into clean, high-performance computing power. The project is currently advancing through land acquisition, power contract negotiation, and ERCOT interconnection planning.

The project honors Dr. Fei-Fei Li, a pioneering AI researcher, whose work, including the creation of ImageNet, has helped shape the modern era of artificial intelligence and ethical computing.

“Reaching one gigawatt of clean computing projects in our total development pipeline is a transformative moment for Soluna. Getting these projects from development to operational will put us on par with some of the biggest companies in the world when it comes to clean-powered computing capacity, including Amazon, Meta, and Google,” said John Belizaire, CEO of Soluna. “This means we may be able to effectively displace nearly 48 million metric tons of CO₂, equivalent to removing 11 million cars from the road over the life of these assets, and we believe this is just the beginning of what clean computing can do.”

Project Gladys, a 150 MW facility, will be co-located with a 226 MW wind farm and developed in partnership with a prominent U.S.-based independent power producer (IPP) managing over $40 billion in assets and more than 80 energy facilities nationwide.

The project is currently advancing through land acquisition, power contract negotiation, and ERCOT interconnection planning. It is named after Dr. Gladys West, the mathematician whose groundbreaking work in geospatial modeling paved the way for modern GPS technology.

As Soluna continues to scale its flexible, renewable-powered data center platform, the company expects to announce additional expansions and partnerships in the coming months. With a long-term power pipeline now totaling 2.8 GW, Soluna is accelerating its mission to make clean computing the default infrastructure for AI and Bitcoin.

The company will now focus on completing definitive power purchase agreements, land agreements, and ERCOT planning for Projects Gladys and Fei.

For updates and more information, visit www.solunacomputing.com