Soluna and Canaan Inc. Partner to Deploy 20 MW of Next-Gen Bitcoin Miners at Wind-Powered Data Center in Texas

Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, and Canaan Inc. (Nasdaq: CAN) (“Canaan”), an innovator in crypto mining, announced a strategic hosting agreement to deploy 20 megawatts (MW) of Avalon A15 XP Bitcoin miners at Soluna’s Project Dorothy in Briscoe County, Texas.

This agreement marks a significant milestone for both companies: Soluna continues to scale its pipeline of renewable-powered digital infrastructure, while Canaan strengthens its North American mining footprint with additional access to reliable, low-cost, and sustainable energy.

“Soluna is thrilled to develop this new partnership with an industry leader like Canaan,” said John Belizaire, CEO of Soluna. “This agreement reflects our shared commitment to delivering high-performance computing solutions powered by renewable energy. With Project Dorothy 2 now online and operational, we’re doubling down on our mission to make renewable energy a global superpower.”

The parties expect to deploy the miners in the first quarter of 2026. Canaan aims to leverage Soluna’s modular and cost-efficient infrastructure to power its Avalon fleet using wind energy, further enhancing the sustainability profile of its mining operations.

“Our partnership with Soluna is another significant step in advancing our North American self-mining strategy. Each of the partnerships that we have entered into brings a new dimension to our efforts to expand within the region, and we are excited to work with Soluna and utilize their cutting-edge data center,” said Nangeng Zhang, chairman and chief executive officer of Canaan. “The site primarily runs on behind-the-meter wind power but can also draw from the grid to ensure very high uptime. This is a unique advantage that combines reliable operations with compelling cost efficiency. Coupling our efficient and resilient Avalon A15 XP miners with Soluna’s infrastructure should be a win for both companies.”

The 20 MW, ~1 EH/s deployment is part of a broader roadmap for both companies: Canaan aims to expand its North American presence amid growing global demand for secure and efficient blockchain infrastructure. At the same time, Soluna aims to monetize its 2.8 GW+ pipeline of Renewable Computing projects designed to support both Bitcoin mining and AI workloads.

Soluna | solunacomputing.com

Canaan | https://www.canaan.io/