Soluna Consolidates Ownership of Dorothy Campus to Advance AI Data Center Strategy

Soluna Holdings has finalized the full ownership consolidation of its Project Dorothy 1B facility in Silverton, Texas, by acquiring the remaining 49% equity interest from Navitas Global for approximately $8.8 million. This transaction, funded with Soluna's balance sheet cash, grants the company complete control over both Dorothy 1A and 1B, along with the associated renewable generation infrastructure within the broader Dorothy campus. This latest acquisition follows earlier transactions this year, including the $53 million purchase of the Briscoe Wind Farm and the $16.5 million acquisition of Dorothy 1A, completing the full power-to-compute ownership structure for its initial 50-megawatt Dorothy deployment.

CEO John Belizaire stated that this full ownership is crucial for Soluna's strategy to convert the site for AI and high-performance computing applications and to market the next expansion phase, Dorothy 3, to prospective AI infrastructure customers. This strategic shift aligns with industry trends where data center operators are increasingly seeking direct control over power generation assets to manage the unprecedented electricity demand driven by AI workloads. Soluna's model involves co-locating compute infrastructure directly with renewable energy assets, leveraging the 150-megawatt Briscoe Wind Farm to support the Dorothy campus. This integrated approach aims to monetize excess renewable power, mitigate transmission constraints, and reduce exposure to volatile electricity pricing.

The company, historically focused on Bitcoin mining, is now pivoting towards higher-value AI and HPC markets, recognizing the growing demand for large-scale compute capacity for generative AI training and inference. Soluna emphasizes that fully controlled ownership enhances its ability to position Dorothy 3 as a dedicated AI-ready platform. The Austin-based company's overall development pipeline now exceeds 4.3 gigawatts. This transaction underscores the increasing vertical integration of renewable energy infrastructure and AI computing, as data center developers prioritize scalable, reliable, and cost-effective electricity supplies.