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Soluna Announces Monthly Business Update

Business

Soluna Announces Monthly Business Update
Business

Business

Soluna Announces Monthly Business Update

2026-07-14 19:30 Last Updated At:19:40

ALBANY, N.Y.--(BUSINESS WIRE)--Jul 14, 2026--

Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced its June 2026 project site-level operations, developments, and updates.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260714981932/en/

The Company has provided the following Corporate and Site Updates.

Key Company Metrics:

The monthly metrics are now available here.

Corporate Highlights:

Key Project Updates:

Project Dorothy 1A (25 MW, Bitcoin Hosting) / Project Dorothy 1B (25 MW, Bitcoin Prop-Mining):

Project Dorothy 2 (48 MW, Bitcoin Hosting):

Project Sophie (25 MW, Bitcoin Hosting):

Project Kati 1 (83 MW Under Construction, Bitcoin Hosting):

Project Kati 2 (350+ MW, Under Development, AI/HPC Hosting):

Project Dorothy 3 (300+ MW, Under Development, AI/HPC Hosting):

Pipeline Highlights:

Customer Success:

Briscoe Wind Farm (150 MW, Co-located to Project Dorothy):

View Soluna’s recent AMA here.

Soluna’s updated glossary of terms is available here.

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. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business and our expectations with respect to the development, construction, commissioning, and operation of our project pipeline, including Project Kati 1, Project Kati 2, Project Dorothy 3, Project Annie, Project Fei, Project Ellen, Project Hedy, and Project Rosa , and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar statements. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of our Annual Report on Form 10-K filed with the SEC on March 30, 2026. All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.

About Soluna Holdings, Inc. (Nasdaq: SLNH)

Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit solunacomputing.com and follow us on:

LinkedIn: https://www.linkedin.com/company/solunaholdings/
X (formerly Twitter): x.com/solunaholdings
YouTube: youtube.com/c/solunacomputing
Newsletter: bit.ly/solunasubscribe
Resource Center: solunacomputing.com/resources

Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly.

Project Kati 1 is Soluna's 83 MW wind-powered data center in Willacy County, Texas.

Project Kati 1 is Soluna's 83 MW wind-powered data center in Willacy County, Texas.

TOKYO (AP) — Worries about a bubble in artificial intelligence investments are absurd, SoftBank Group’s CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes.

“To ask whether AI is a bubble is a foolish question,” Son told executives at an annual company event in Tokyo. “AI will transform our lives completely, and do so in a way that generates profits.”

“Those who refuse to evolve are closing down their world. Those who condemn AI are themselves spitting upward,” Son added.

Financial markets have recently been swept by waves of concern that the meteoric rise in share prices of companies like Nvidia, and massive investments in data centers, might not yield returns that match hopes for huge profits from AI.

Son founded SoftBank more than four decades ago and is a pioneer in Japan’s technology investments. He was an early supporter of AI and has invested tens of billions of dollars in related companies.

Son said he estimates that almost $5 trillion in investments will be needed annually and globally to expand data centers, increase production of computer chips and provide energy systems and other infrastructure for AI.

“In 2040, approximately 20% of the world’s GDP will be replaced by AI-related industries, the world of superintelligence,” he said.

SoftBank oversees a sprawling collection of businesses through what it calls Vision Funds. Its other businesses include telecommunications and energy.

Tokyo-based SoftBank Group Corp. earlier reported its profits for the fiscal year through March soared nearly five-fold to 5 trillion yen ($32 billion) from a year earlier as its AI investments paid off.

The tech giant has invested $34.6 billion in OpenAI. It sold its stake in computer chip maker Nvidia last year to free up funds for more investments in AI and data centers.

SoftBank recently started a battery business in Japan to build next-generation electric power infrastructure in anticipation of growing electricity demand driven by AI use.

AP Business Writer Elaine Kurtenbach in Bangkok contributed.

Masayoshi Son, chairman and CEO of SoftBank Group, speaks during a business event in Tokyo, Tuesday, July 14, 2026. (Miyuki Saito/Kyodo News via AP)

Masayoshi Son, chairman and CEO of SoftBank Group, speaks during a business event in Tokyo, Tuesday, July 14, 2026. (Miyuki Saito/Kyodo News via AP)

Masayoshi Son, chairman and CEO of SoftBank Group, speaks during a business event in Tokyo, Tuesday, July 14, 2026. (Miyuki Saito/Kyodo News via AP)

Masayoshi Son, chairman and CEO of SoftBank Group, speaks during a business event in Tokyo, Tuesday, July 14, 2026. (Miyuki Saito/Kyodo News via AP)

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