Soluna Holdings (NASDAQ: SLNH) has begun the initial energizing and phased commissioning of Project Dorothy 2, a significant expansion of its Bitcoin Hosting capacity. The project will add 48 MW of renewable-powered capacity through three phases (18, 14, and 16 MW), bringing Soluna’s total capacity to 123 MW.
The facility, connected to a 150 MW wind farm in Silverton, Texas, will be fully operational by Q4 2025. The first 18 MW phase will be ramped up in Q2 2025. Project Dorothy 2 is expected to generate annual revenue of $19-25 million with a hashrate capacity of 2.2 EH/s.
The expansion builds upon Project Dorothy 1’s success, demonstrating Soluna’s scalable approach to curtailment solutions and sustainable computing. The facility is designed to integrate with renewable energy sources and optimize clean energy usage while supporting Bitcoin mining workloads with reduced environmental impact.
Soluna Holdings (NASDAQ: SLNH) ha avviato l’energizzazione iniziale e la messa in servizio graduale del Progetto Dorothy 2, un’importante espansione della sua capacità di hosting per Bitcoin. Il progetto aggiungerà 48 MW di capacità alimentata da fonti rinnovabili attraverso tre fasi (18, 14 e 16 MW), portando la capacità totale di Soluna a 123 MW.
La struttura, collegata a un parco eolico da 150 MW a Silverton, Texas, sarà completamente operativa entro il quarto trimestre del 2025. La prima fase da 18 MW sarà avviata nel secondo trimestre del 2025. Si prevede che il Progetto Dorothy 2 genererà entrate annuali comprese tra $19-25 milioni con una capacità di hashrate di 2.2 EH/s.
L’espansione si basa sul successo del Progetto Dorothy 1, dimostrando l’approccio scalabile di Soluna alle soluzioni di limitazione e al computing sostenibile. La struttura è progettata per integrarsi con fonti di energia rinnovabile e ottimizzare l’uso dell’energia pulita, supportando al contempo i carichi di lavoro di mining di Bitcoin con un impatto ambientale ridotto.
Soluna Holdings (NASDAQ: SLNH) ha comenzado la energización inicial y la puesta en marcha por fases del Proyecto Dorothy 2, una expansión significativa de su capacidad de alojamiento de Bitcoin. El proyecto añadirá 48 MW de capacidad alimentada por energía renovable a través de tres fases (18, 14 y 16 MW), llevando la capacidad total de Soluna a 123 MW.
La instalación, conectada a un parque eólico de 150 MW en Silverton, Texas, estará completamente operativa para el cuarto trimestre de 2025. La primera fase de 18 MW se pondrá en marcha en el segundo trimestre de 2025. Se espera que el Proyecto Dorothy 2 genere ingresos anuales de entre $19-25 millones con una capacidad de hashrate de 2.2 EH/s.
La expansión se basa en el éxito del Proyecto Dorothy 1, demostrando el enfoque escalable de Soluna hacia soluciones de limitación y computación sostenible. La instalación está diseñada para integrarse con fuentes de energía renovable y optimizar el uso de energía limpia, al mismo tiempo que apoya las cargas de trabajo de minería de Bitcoin con un impacto ambiental reducido.
솔루나 홀딩스 (NASDAQ: SLNH)는 비트코인 호스팅 용량의 중요한 확장인 프로젝트 도로시 2의 초기 전력 공급 및 단계적 시운전을 시작했습니다. 이 프로젝트는 세 가지 단계(18, 14, 16 MW)를 통해 48 MW의 재생 가능 전력 용량을 추가하여 솔루나의 총 용량을 123 MW로 늘릴 것입니다.
이 시설은 텍사스 실버턴에 위치한 150 MW 풍력 발전소에 연결되어 있으며, 2025년 4분기까지 완전히 운영될 예정입니다. 첫 번째 18 MW 단계는 2025년 2분기에 가동될 것입니다. 프로젝트 도로시 2는 연간 $19-25 백만의 수익을 생성할 것으로 예상되며, 해시레이트 용량은 2.2 EH/s입니다.
이번 확장은 프로젝트 도로시 1의 성공을 기반으로 하며, 솔루나의 제한 솔루션 및 지속 가능한 컴퓨팅에 대한 확장 가능한 접근 방식을 보여줍니다. 이 시설은 재생 가능 에너지원과 통합되도록 설계되었으며, 청정 에너지 사용을 최적화하면서 비트코인 채굴 작업의 환경 영향을 줄이는 데 기여합니다.
Soluna Holdings (NASDAQ: SLNH) a commencé l’alimentation initiale et la mise en service progressive du Projet Dorothy 2, une expansion significative de sa capacité d’hébergement Bitcoin. Le projet ajoutera 48 MW de capacité alimentée par des énergies renouvelables à travers trois phases (18, 14 et 16 MW), portant la capacité totale de Soluna à 123 MW.
La structure, connectée à un parc éolien de 150 MW à Silverton, Texas, sera entièrement opérationnelle d’ici le quatrième trimestre 2025. La première phase de 18 MW sera mise en service au deuxième trimestre 2025. On s’attend à ce que le Projet Dorothy 2 génère des revenus annuels compris entre $19-25 millions avec une capacité de hashrate de 2,2 EH/s.
L’expansion s’appuie sur le succès du Projet Dorothy 1, démontrant l’approche évolutive de Soluna en matière de solutions de limitation et d’informatique durable. La structure est conçue pour s’intégrer aux sources d’énergie renouvelable et optimiser l’utilisation de l’énergie propre tout en soutenant les charges de travail de minage de Bitcoin avec un impact environnemental réduit.
Soluna Holdings (NASDAQ: SLNH) hat mit der initialen Stromversorgung und der schrittweisen Inbetriebnahme des Projekts Dorothy 2 begonnen, einer bedeutenden Erweiterung seiner Bitcoin-Hosting-Kapazität. Das Projekt wird 48 MW an erneuerbarer Kapazität durch drei Phasen (18, 14 und 16 MW) hinzufügen und die Gesamtkapazität von Soluna auf 123 MW erhöhen.
Die Anlage, die mit einem 150 MW Windpark in Silverton, Texas, verbunden ist, wird bis zum vierten Quartal 2025 vollständig betriebsbereit sein. Die erste Phase mit 18 MW wird im zweiten Quartal 2025 hochgefahren. Es wird erwartet, dass das Projekt Dorothy 2 jährliche Einnahmen von $19-25 Millionen mit einer Hashrate-Kapazität von 2,2 EH/s generiert.
Die Erweiterung baut auf dem Erfolg des Projekts Dorothy 1 auf und zeigt Solunas skalierbaren Ansatz für Drosselungslösungen und nachhaltiges Computing. Die Anlage ist darauf ausgelegt, sich mit erneuerbaren Energiequellen zu integrieren und die Nutzung sauberer Energie zu optimieren, während sie gleichzeitig die Bitcoin-Mining-Lasten mit reduziertem Umwelteinfluss unterstützt.
Positive
- Significant capacity expansion adding 48 MW of Bitcoin hosting capacity
- Projected annual revenue of $19-25 million from Project Dorothy 2
- Strategic integration with 150 MW wind farm for sustainable energy usage
- Substantial hashrate capacity of 2.2 EH/s
- Phased implementation reduces operational risks
Negative
- Extended completion timeline stretching to Q4 2025
- Full revenue realization delayed until complete project deployment
Insights
Soluna’s energization of Project Dorothy 2 represents a significant capacity expansion that increases the company’s Bitcoin hosting capabilities by
What’s particularly notable is the projected annual revenue of
The strategic integration with a 150 MW wind farm aligns with their core business model of utilizing curtailed renewable energy for computing applications. This approach addresses two parallel challenges: finding productive use for otherwise wasted renewable energy while providing sustainable infrastructure for energy-intensive Bitcoin operations.
Their ability to scale to material size (100MW+) cost-effectively validates their operational model. With a hashrate capacity of 2.2 EH/s, Project Dorothy 2 positions Soluna as a more significant player in providing renewable-powered Bitcoin hosting infrastructure at a time when sustainable mining solutions are increasingly sought after.
Initial phase powered up and ramping; To be completed by Q4 2025.
Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for AI and other intensive computing, announced today that it has the approval from ERCOT and has successfully begun the initial energizing and phased commissioning of Project Dorothy 2, marking a significant expansion of its Bitcoin Hosting capacity.
Soluna Powers Up Project Dorothy 2
The energization of Project Dorothy 2 represents the next phase of Soluna’s flagship
Summary Facts on Project Dorothy 2:
Total Size: 48 MW
Phases: 3 phases at 18, 14, and 16 MW each
Date of Initial Energization: Q1 2025
Anticipated Annual Revenue:
Estimated Date of Completion: Q4 2025
Revenue source: Bitcoin Hosting
Hashrate Capacity: 2.2 EH/s
Primary power source: Wind
Location:
The facility is connected to a 150 MW wind farm, providing a scalable solution to reduce curtailment and optimize clean energy usage. This new phase brings additional computing capacity online, reinforcing Soluna’s commitment to powering high-performance computing with sustainable energy.
John Belizaire, CEO of Soluna stated, “The energization of Project Dorothy 2 builds on the success of Project Dorothy 1, demonstrating how Soluna’s approach to curtailment solutions and sustainable computing can be scaled efficiently.” He added, “As we expand our Bitcoin Hosting capacity, we continue to attract the industry’s top Hyperscaler miners with our white glove service model called Relentless Stewardship.”
Key Features of Project Dorothy 2:
- Additional 48 MW of renewable-powered Bitcoin Hosting brings Soluna’s total capacity to 123 MW.
- Strategic integration with local energy infrastructure to minimize curtailment
- Optimized efficiency to support Bitcoin mining workloads with reduced environmental impact
- Demonstrates capability to scale data center facilities to material, 100MW+, size cost-effectively and efficiently
Soluna continues its tradition of naming its data centers after women scientists who help catalyze major innovation. Project Dorothy is named after Dorothy Vaughan, an African American mathematician and “human computer” who worked for the National Advisory Committee for Aeronautics and NASA in 1939, exemplifying innovation and excellence in computing.
For more information about Project Dorothy 2 and Soluna’s mission, visit solunacomputing.com
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the
About Soluna Holdings, Inc (Nasdaq: SLNH)
Soluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit solunacomputing.com and follow us on:
LinkedIn: https://www.linkedin.com/company/solunaholdings/
X (formerly Twitter): x.com/solunaholdings
YouTube: youtube.com/c/solunacomputing
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Resource Center: solunacomputing.com/resources
View source version on businesswire.com: https://www.businesswire.com/news/home/20250325594980/en/
Cybele Ramirez
Director, Marketing
Soluna Holdings, Inc.
ir@soluna.io
Source: Soluna Holdings, Inc.
FAQ
What is the expected annual revenue for Soluna’s Project Dorothy 2 (SLNH)?
Project Dorothy 2 is anticipated to generate annual revenue between $19-25 million.
When will Soluna’s Project Dorothy 2 (SLNH) be fully operational?
The project will be completed in Q4 2025, with the first 18 MW phase ramping up in Q2 2025.
What is the total power capacity of Project Dorothy 2 and how is it phased?
Project Dorothy 2 has a total capacity of 48 MW, implemented in three phases of 18 MW, 14 MW, and 16 MW.
How much will Project Dorothy 2 increase Soluna’s (SLNH) total Bitcoin hosting capacity?
Project Dorothy 2 will increase Soluna’s total Bitcoin hosting capacity to 123 MW, representing a 60% increase.
What is the hashrate capacity of Soluna’s Project Dorothy 2 (SLNH)?
Project Dorothy 2 will have a hashrate capacity of 2.2 EH/s.
