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Soluna and Canaan Inc. Partner to Deploy 20 MW of Next-Gen Bitcoin Miners at Wind-Powered Data Center in Texas
Strategic Deal Advances Soluna’s Texas Expansion and Supports Canaan’s North American Mining Growth ALBANY, N.Y. & SINGAPORE--(BUSINESS WIRE)-- Soluna
About this update from Soluna Holdings, Inc.
[{"type":"text","content":"\nStrategic Deal Advances Soluna’s Texas Expansion and Supports Canaan’s North American Mining Growth\n\n\n ALBANY, N.Y. & SINGAPORE--(BUSINESS WIRE)--\nSoluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, and Canaan Inc. (Nasdaq: CAN) (\"Canaan\"), an innovator in crypto mining, today announced a strategic hosting agreement to deploy 20 megawatts (MW) of Avalon® A15 XP Bitcoin miners at Soluna’s Project Dorothy in Briscoe County, Texas.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250930405522/en/Soluna and Canaan Inc. Partner to Deploy 20 MW of Next-Gen Bitcoin Miners at Wind-Powered Data Center in Texas\nThis agreement marks a significant milestone for both companies: Soluna continues to scale its pipeline of renewable-powered digital infrastructure, while Canaan strengthens its North American mining footprint with additional access to reliable, low-cost, and sustainable energy.\n\n\n“Soluna is thrilled to develop this new partnership with an industry leader like Canaan,” said John Belizaire, CEO of Soluna. “This agreement reflects our shared commitment to delivering high-performance computing solutions powered by renewable energy. With Project Dorothy 2 now online and operational, we’re doubling down on our mission to make renewable energy a global superpower.”\n\n\nThe parties expect to deploy the miners in the first quarter of 2026. Canaan aims to leverage Soluna’s modular and cost-efficient infrastructure to power its Avalon fleet using wind energy, further enhancing the sustainability profile of its mining operations.\n\n\n“Our partnership with Soluna is another significant step in advancing our North American self-mining strategy. Each of the partnerships that we have entered into brings a new dimension to our efforts to expand within the region, and we are excited to work with Soluna and utilize their cutting-edge data center,” said Nangeng Zhang, chairman and chief executive officer of Canaan. “The site primarily runs on behind-the-meter wind power but can also draw from the grid to ensure very high uptime. This is a unique advantage that combines reliable operations with compelling cost efficiency. Coupling our efficient and resilient A...