Soluna’s Project Dorothy 1 reaches full capacity

Soluna Holdings announced it has brought Project Dorothy 1 fully online, with a focus on sustainability and enabling more renewable energy on the grid, completing construction on Project Dorothy 1B, and deploying 50 MW of Bitcoin mining machines for its hosting and proprietary businesses. This now brings Soluna to 2.6 EH/s under management. John Belizaire, CEO of Soluna Holdings, commented, “We’ve had a busy summer ramping Project Dorothy through record high temperatures. As we approach the peak wind months and cooler temperatures in Texas, we have achieved a key milestone to complete Project Dorothy 1 and bring it to its 50 MW capacity. We have also made great progress accelerating development at Project Dorothy 2, Project Kati, and working on operational improvements, including significant reductions in SG&A. We also began delivering on our promise to mitigate curtailment for renewable energy power projects.”