Sep 11, 2025

Soluna Breaks Ground on its Largest Site to Date, Project Kati

Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, announced the scheduled groundbreaking of Project Kati, its largest facility to date. The ceremony will be held on September 18, 2025, in Willacy County, Texas. Project Kati is expected to deliver 166 megawatts (MW) of clean computing capacity in two phases, beginning with 83 MW expected to come online in early 2026. Built in partnership with EDF Renewables, Masdar, and Spring Lane Capital, the project will support both Bitcoin hosting and the rapidly growing demand for AI and high-performance computing (HPC) infrastructure.

“Breaking ground on our biggest project yet expands our Texas footprint, strengthens partnerships with leading renewable developers, and proves our colocation model of pairing high-performance computing with clean energy at utility scale,” said John Belizaire, CEO of Soluna. “Project Kati showcases our ability to deliver large-scale facilities with world-class investors and positions Soluna for long-term growth across Bitcoin hosting and AI infrastructure.”

The groundbreaking will bring together community leaders, partners, and stakeholders to mark a project expected to deliver new jobs, investment, and long-term economic impact for Willacy County.

Project Kati Plan

Project Kati is designed as a two-phase buildout: Kati 1 is dedicated to Bitcoin hosting with Galaxy as the first customer already secured, while Kati 2 will expand the site to support AI and high-performance computing (HPC) infrastructure.

  • Kati 1 (83 MW, Bitcoin Hosting): Expected to come online in early 2026, this first phase will deliver 83 MW of clean computing capacity, including 48 MW for Galaxy and 35 MW for Soluna’s Bitcoin Hosting.
     
  • Kati 2 (83 MW, AI & HPC Infrastructure): Planned to follow, this second phase is expected to double the site’s capacity to 166 MW and establish Project Kati as a dual-purpose facility serving both Bitcoin hosting customers and the rapidly growing demand for AI and HPC workloads.

By phasing the buildout, Soluna can serve existing customers today while scaling capacity for the next generation of computing.

Soluna | www.solunacomputing.com