Business
Soluna Land Purchase Secures Up to 187 MW of Sustainable Energy for AI and Bitcoin Mining at Project Rosa
Agreement Secures 60 Acres of Land for Project Development, Expected to Unlock up to 187 MW of Sustainable Energy for AI and Bitcoin Mining ALBANY,
About this update from Soluna Holdings, Inc.
[{"type":"text","content":"\nAgreement Secures 60 Acres of Land for Project Development, Expected to Unlock up to 187 MW of Sustainable Energy for AI and Bitcoin Mining\n\n\n ALBANY, N.Y.--(BUSINESS WIRE)--\nSoluna Holdings, Inc. (“SHI”, “Soluna”, or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today that it has secured the necessary land purchase agreement to build its new data center, Project Rosa. This milestone marks a significant step forward in expanding Soluna’s capacity with up to an impressive 187 MW of renewable energy dedicated to powering next-generation AI and Bitcoin mining operations.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250225655513/en/Soluna's Project Rosa will provide up to 187 MW of sustainable energy, executed in two phases, specifically allocated to support high-performance computing tasks in AI and Bitcoin mining. (Photo: Business Wire)\nKey Project Highlights:\n\n\n\nSoluna Capacity Expansion: Project Rosa will provide up to 187 MW of sustainable energy, executed in two phases, specifically allocated to support high-performance computing tasks in AI and Bitcoin mining.\n\n\n\n\nStrategic Land Acquisition: Project Rosa will be strategically co-located with a 240 MW wind farm in Texas, enabling the project to harness a substantial share of its renewable energy directly. Soluna has secured the land purchase agreement for the 60 acres of land necessary for this project’s development, an important milestone in its journey to shovel readiness.\n\n\n\n\nEnvironmental and Economic Impact: The development of the new data center aligns with Soluna’s mission to utilize excess renewable energy and create sustainable, scalable, low-cost data centers for next-generation workloads.\n\n\n\n“Securing these land agreements is a critical achievement for Soluna,” said John Belizaire, CEO of Soluna. “Project Rosa not only enhances our operational capacity but also reinforces our commitment to delivering sustainable, cutting-edge solutions in high performance computing.”\n\n\nWith Project Rosa, Soluna continues its tradition of naming its data centers after women who have made significant contributions to science and technology. The project is named after Rosalind Franklin, a chemi...