Soluna Holdings, Inc. (Nasdaq: SLNH) February 2026 Business Update: Key Investor Highlights
Soluna Holdings, Inc. (Nasdaq: SLNH) Delivers Key Business and Project Updates for February 2026
ALBANY, NY, March 10, 2026 – Soluna Holdings, Inc. (“Soluna” or the “Company”), a developer of green data centers for intensive computing applications including Bitcoin mining and Artificial Intelligence (AI), has released its February 2026 monthly business and operations update. The report contains several developments that could be material for shareholders and potentially influence the company’s share value.
Key Company Metrics
- Hosted Hashrate: 3,883 PH/s in February 2026 (up from 3,590 PH/s in January 2026)
- Self-Mining Hashrate: 760 PH/s (up from 708 PH/s in January 2026)
- BTC Mined (proprietary mining): 9.5 for February, compared to 9.2 in January
- Wasted Energy Used: Data for February is not yet available due to a one-month reporting lag (January’s figure was 18,351 MWh)
The steady growth in both hosted and self-mining hashrate, along with consistent Bitcoin production, indicates operational momentum and improved computing power utilization.
Operational and Corporate Highlights
- Expansion at Project Dorothy 1: Soluna expanded its partnership with Blockware, adding 6MW at Project Dorothy 1. The full 20MW fleet upgrade is ongoing, with Blockware’s expansion completed and Canaan’s 11MW deployment returning the site to full capacity.
- Content and Thought Leadership: Soluna published a new blog post, “The AI Energy Wall and the End of Invisible Infrastructure.” CEO John Belizaire was featured in Data Center Knowledge and on Soluna’s podcast, discussing the evolution of the power grid, stranded renewables, and the shift towards AI infrastructure.
Detailed Project Updates
Project Dorothy 1A & 1B (25 MW Each, Bitcoin Hosting & Prop-Mining)
- Customer deployments are ongoing at D1A, with site returning to full capacity after Blockware and Canaan expansions.
- Operations at D1B remained strong, experiencing minimal curtailment.
Project Dorothy 2 (48 MW, Bitcoin Hosting)
- Site operated at full customer capacity for the month, with minimal curtailment.
Project Sophie (25 MW, Bitcoin Hosting)
- All customers operated at full capacity throughout the month.
Project Kati 1 (83 MW, Bitcoin Hosting – Under Construction)
- First phase of K1A Galaxy (24 MW) achieved substantial completion and transitioned to steady-state operations.
- Phase 2 (12 MW) and Phase 3 (12 MW) are ahead of schedule, targeted for March completion.
- Construction of K1B (35 MW, Soluna MDCs / Cormint Containers) progressing; Cormint containers completed production and will arrive by end of March. Installation and commissioning of first K1B phase (12 MW) will follow.
- Hiring and community engagement efforts continue to support operational ramp-up.
Project Kati 2 (AI/HPC Hosting – Under Development)
- Design-Build RFP process completed; procurement strategy refined for Phase 1 (100 MW critical IT capacity).
- New RFP for design services to advance schematic design to 30%, deepen technical materials, and allow more time for selecting a general contractor.
- Active discussions with prospects interested in up to 350 MW of critical IT capacity, with negotiations ongoing for Master Service Agreements and financing terms.
- Procurement of long-lead power-related equipment has commenced.
Project Grace (2 MW, AI/HPC Hosting – Under Development)
- Discussions with OEM partners underway for collaboration and data testing.
Pipeline and Partnership Developments
- Power Purchase Agreements (PPAs) and Retail Electric Provider (REP) agreements for Project Rosa are being finalized, with Ellen and Hedy agreements pending execution.
- Land due diligence advancing under executed Purchase and Sale Agreements for Projects Annie, Ellen, Hedy, and Rosa.
- Project Annie progressing in the Transmission/Distribution Service Provider planning queue, outside ERCOT Large Flexible Load process.
- Ongoing evaluation of partnership opportunities with multiple Independent Power Producers (IPPs) across U.S. ISOs.
- Active efforts to secure additional land for planned expansion at Project Dorothy.
Customer Success and Engagement
- Blockware 6 MW expansion completed successfully.
- Soluna continues to engage investors and the market with AMAs and an updated glossary of terms available on its website.
Important Considerations for Shareholders
- Growth Trajectory: The increase in hashrate, ongoing commissioning of new capacity, and progress with AI/HPC hosting projects highlight Soluna’s expanding operational footprint and potentially higher future revenue streams.
- AI Infrastructure Pivot: The company’s accelerated move into AI and high-performance computing hosting (Kati 2 and Grace) signals a strategic shift to tap into the booming AI/GPU infrastructure market.
- Contracted Revenue Base: Expansion of PPAs and customer agreements could provide long-term revenue visibility and stability.
- Execution Risk: Shareholders should note the company’s acknowledgment of construction and procurement timelines, the need for additional land, and ongoing negotiations for new customers and partners.
- Forward-Looking Statements: As always, projections and expectations are subject to change based on a range of factors, including project execution, customer demand, regulatory environment, and market conditions.
About Soluna Holdings, Inc.
Soluna’s mission is to transform surplus renewable energy into scalable computing resources. The company’s data centers are co-located with renewable energy plants to power high-performance computing, including Bitcoin mining and Generative AI. Soluna’s proprietary software, MaestroOS™, enhances grid resiliency while delivering sustainable computing solutions.
Contact & Additional Information
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Investors should review Soluna Holdings’ filings with the SEC and consult with their financial advisors before making investment decisions.
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