Soluna Expands Long-Term Partnership with Compass Mining

Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, today announced the renewal and expansion of its long-standing partnership with Compass Mining. The expanded agreement includes a contract renewal at Soluna’s Project Dorothy 1 site and a major expansion into its adjacent site, Project Dorothy 2, marking a total deployment of approximately 13 megawatts (MW) of computing capacity across the two locations.

Compass Mining has been a valued partner since its first deployment at Project Dorothy 1 in 2023, later transitioning to Project Sophie. With today’s announcement, Compass Mining will renew its existing buildings. It will also expand into Project Dorothy 2, Soluna’s next-generation site, with an additional 8 MW, bringing its total footprint to approximately 13 MW across the Dorothy campus. With this expansion, Project Dorothy 2, Phase 1, is now full.

“Compass Mining was one of the first to bet on us. Years later, they’re still betting on Soluna and scaling with us,” said John Belizaire, CEO of Soluna. “This renewal and expansion is a testament to our Relentless Stewardship and the trust we build with every customer. We don’t just host. We grow with you.”

“Soluna has been a highly reliable partner since Project Dorothy 1, and we’re excited to deepen that relationship,” said Paul Gosker, CEO of Compass Mining. “This expansion, which lets us staff and operate the new capacity ourselves, aligns perfectly with our strategy to deliver a best-in-class experience for our customers.”

Project Dorothy, named after computing pioneer Dorothy Vaughan, is Soluna’s flagship site, strategically located in West Texas to consume excess wind energy.

Soluna | www.solunacomputing.com