Soluna and Bit Digital Expand Partnership, Surpassing 12 MW in Hosting Capacity
Soluna Holdings, Inc., a developer of green data centers for intensive computing applications including Bitcoin mining and artificial intelligence (AI), has announced a major expansion of its partnership with Bit Digital. The two companies have entered into a twelve-month 5.5 MW hosting contract at Soluna’s Project Dorothy in Texas, bringing their total managed capacity to over 12 MW. This marks a significant milestone in their ongoing collaboration, which has steadily expanded over the past year.
A Growing Partnership
The partnership between Soluna and Bit Digital began with a 4.4 MW deployment at Project Sophie in November 2023. Over the course of the next year, this capacity grew to 6.6 MW by October 2024. The expansion to Project Dorothy in December 2024 with a 5.5 MW contract further solidifies the growing synergy between the two companies. As a result, the total hosting capacity under management has surpassed 12 MW, strengthening Bit Digital’s efficiency, scale, and mining performance.
The latest phase of the partnership includes the deployment of next-generation S21 units, coupled with infrastructure upgrades to enhance power distribution and efficiency at Project Dorothy. This step ensures optimized operations and a sustainable, cost-effective approach to Bitcoin mining, aligning with the industry’s increasing focus on green energy solutions.
Industry Leaders Weigh In
John Belizaire, CEO of Soluna Holdings, expressed his enthusiasm for the continued collaboration:
“Our partnership with Bit Digital continues to grow, and we’re thrilled to support their expansion from Project Sophie to Project Dorothy. At Soluna, we pride ourselves on Relentless Stewardship—delivering exceptional service, efficiency, and sustainability to our customers. We look forward to continued success in powering Bit Digital’s mining operations.”
Bit Digital’s CEO, Sam Tabar, also highlighted the strategic importance of the collaboration:
“Expanding our relationship with Soluna represents a strategic step in continuing to optimize our mining operations with a more efficient fleet and cost-efficient sustainable energy solutions. We look forward to continuing our work with Soluna as what we see as a key partner in our mission to scale responsibly and enhance operational efficiency.”
The Role of Green Data Centers in Bitcoin Mining
The increasing demand for Bitcoin mining has raised concerns over energy consumption and sustainability. As a result, companies like Soluna are investing in green data centers to mitigate the environmental impact. By leveraging renewable energy sources and energy-efficient mining technologies, Soluna aims to provide a viable solution for the growing energy demands of digital asset mining and AI computation.
Project Dorothy, where the new 5.5 MW capacity is being deployed, is a prime example of this approach. The facility incorporates advanced power management systems, smart cooling solutions, and optimized load balancing to maximize efficiency. These improvements not only enhance performance but also reduce the carbon footprint associated with large-scale Bitcoin mining operations.
Future Prospects for Soluna and Bit Digital
The expansion of this partnership raises questions about future scalability and potential new projects. Industry experts speculate that with the increasing institutional interest in Bitcoin and the broader adoption of AI-driven computing, demand for green data centers will continue to rise. Soluna’s commitment to expanding its infrastructure to accommodate this growth positions it as a leader in the sustainable computing industry.
Bit Digital, on the other hand, is focusing on upgrading its mining fleet to more efficient models, reducing overall energy consumption while increasing output. The deployment of next-generation S21 units at Project Dorothy signals the company’s dedication to innovation and efficiency.
Challenges and Opportunities in the Bitcoin Mining Industry
While the expansion of Soluna and Bit Digital’s partnership represents a step forward, the Bitcoin mining industry still faces challenges, including regulatory uncertainties, fluctuating energy prices, and evolving environmental policies. Governments around the world are taking a closer look at crypto mining operations, with some jurisdictions imposing strict energy usage regulations or outright bans.
Despite these challenges, the industry is also seeing new opportunities. The integration of AI into mining operations, for instance, is optimizing energy consumption by dynamically adjusting power loads based on market conditions and energy availability. Additionally, the growing adoption of renewable energy sources in mining operations is paving the way for a more sustainable future.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements, other than those of historical fact, regarding our current views and assumptions with respect to future events related to our business. These statements can be identified by terms such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar phrases.
Readers are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ significantly due to factors such as market conditions, regulatory changes, and technological advancements. For further details, refer to our filings with the SEC, including the “Risk Factors” section of our Annual Report on Form 10-K filed on April 1, 2024. We undertake no obligation to update or revise any forward-looking statements except as required by law.
