Soluna Gains Full Control of Dorothy Campus for AI Data Center Expansion
Soluna Holdings has acquired full ownership of Project Dorothy 1B in Texas for $8.8 million, enhancing its AI data center strategy. This consolidation allows the company to streamline its renewable energy and computing capabilities, crucial for meeting rising AI workload demands.
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Soluna Holdings has completed the acquisition of the remaining 49% equity in Project Dorothy 1B from Navitas Global for approximately $8.8 million, achieving complete ownership of both Dorothy 1A and 1B. This strategic move is part of Soluna's goal to advance its infrastructure for AI and high-performance computing, reflecting broader trends in the data center industry where operators seek control over renewable generation assets.
The company’s development pipeline now exceeds 4.3 gigawatts, with over 1 gigawatt in various stages of development. This acquisition enhances operational flexibility and positions the upcoming Dorothy 3 as a dedicated AI-ready platform, amidst increasing competition for scalable and cost-effective electricity in the AI sector.
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