Soluna Holdings, Inc. · NASDAQ:SLNH
Soluna — Investor Presentation (December 2025)
75 slides from Soluna's investor presentation, December 2025
Slide 1: Power AI & Bitcoin, sustain tomorrow: Renewable Computing
Power AI & Bitcoin, sustain tomorrow: Renewable Computing. Nasdaq: SLNH 1
Slide 2: Legal Disclosure & Disclaimer
Legal Disclosure & Disclaimer This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act that reflect our current views with respect to, among other things, our operations, business strategy, interpretation of prior development activities,
Slide 3: Driving the convergence of renewable energy & advanced computing
We are driving the convergence of renewable energy & advanced computing Renewable To reach their full potential AI infrastructure. Energy has a wasted energy & Bitcoin needs a sustainable problem. Up to 40% of generated energy energy source. goes unused. Soluna’s mission is to convert this unused en
Slide 4: Company Overview
EXECUTIVE SUMMARY Company Overview + AI is driving Miners prefer Soluna bridges Clean energy goes to waste due to exponentially scalable, well- this gap curtailment growing demand managed, and for compute cost-advantaged hosting partners. Co-locating data centers behind the meter at renewable power
Slide 5: Q3 Soluna Highlights
Q3 Soluna Highlights 1 INSTALLED HASHRATE MW MANAGED 2025 Q3 REVENUE 4.5 EH/s 2 123 MW ~1.0 GW 3 $8.4 Million AVERAGE POWER COST CURTAILED ENERGY MONETIZED CAPITAL RAISED in Q3 $32.5 / 166,151 MWh $64 Million 4 MWh 5 EMPLOYEES POWER DEVELOPMENT PIPELINE AVERAGE J / TH/s 50 ~2.8 GW <26 J / TH/s 5 (1)
Slide 6: Our Strategy
Our Strategy Bitcoin We develop, own and operate Bitcoin Hosting Data Centers. Transform stranded clean energy into high-performance computing infrastructure. ~2.8GW Renewable Power Pipeline Computing We sign PPAs and acquire We make renewable energy a land co-located with global superpower using Re
Slide 7: Soluna Organizational Structure
Soluna Organizational Structure Soluna Holdings, Inc. (Nasdaq: SLNH) Soluna Energy, Inc. Soluna Digital, Inc. Soluna Cloud, Inc. The development platform that The Bitcoin Hosting business The AI business that builds and identifies and acquires that builds, operates and leases operates data centers th
Slide 8: Business Segments
Business Segments Prop Bitcoin Mining Grid Ancillary Services Diversified Revenue • Soluna or JV owned Bitcoin mining • Compensation to act as behind-the-meter machines flexible load for the grid Streams • Bitcoin sold daily • Paid on $ / MWh basis by Utility or Grid Operator • Soluna provides Managed
Slide 9: Our Data Center Projects
Our Data ProjectA Dorothy 1A Location TX Power Source Wind Size (MW) 25 Model BTC Hosting Status 1 Operating Power Cost $35 Partner(s) Spring Lane, Generate Center Projects Dorothy 1B TX Wind 25 BTC Mining Operating $35 Navitas Sophie KY Grid 25 BTC Hosting Operating $33 N/A We have over 1GW of Doro
Slide 10: Project Locations
Project Locations Soluna has 1GW+ of Renewable Computing Projects in Texas. A major location for Bitcoin and AI data centers. The proximity of several projects creates “clustering.” This potentially creates opportunities for larger data center campuses at our sites. 10 10 | | Nasdaq: Nasdaq: SLNH SL
Slide 11: Energized Data Center Capacity and Growth
Energized Data Center Capacity and Growth We are building the largest clean-energy-powered Bitcoin Energy Capacity (MW) Compute Power (EH/s) infrastructure platform. 700 70 600 60 500 50 1 1 Year Energy (MW) Hashrate (EH/s2) 400 40 2023 25 1.0 300 30 2024 75 2.9 2025 129 5.8 200 20 2026 368 19.8 100
Slide 12: Illustrative Earnings Potential - Base case
Illustrative Earnings Potential Base case - $55 Hashprice 3 Non-GAAP Financials 1,2 Consolidated Total Revenue Consolidated Total Adj. EBITDA $000 $000 Substantial potential ramp of Consolidated Total Revenue and Adj. $140,000 $70,000 $132,808 EBITDA1,2 driven by completion of the $117,539 following
Slide 13: Illustrative Earnings Potential - Upside case
Illustrative Earnings Potential 3 Upside case - $75 Hashprice Non-GAAP Financials 1,2 Consolidated Total Revenue Consolidated Total Adj. EBITDA $000 $000 Additional $20 of Hashprice vs. base $167,078 case adds approximately $35 million to $160,000 $100,000 annual Consolidated Total Adj. $148,297 $88
Slide 14: Project Finance & Unit Economics
Project Finance & Unit Economics 14 | Nasdaq: SLNH
Slide 15: Corporate Structure Supports Flexible Capital Formation
Our Corporate Structure Supports Flexible Capital Formation for Infrastructure Capital formation occurs at project-level and at parent-level companies. Bitcoin is separate Soluna Holdings, Inc. from AI. (SLNH) Soluna Digital, Inc. (SDI) Soluna Cloud, Inc. (SCI) BTC Project Co BTC Project Co AI Proje
Slide 16: Bitcoin Data Center Project ROIC
Bitcoin Data Center Project 1 Project Return on Invested Capital (ROIC 2) YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 5 ● 44 months to return capital ● 34.9% IRR3 26,784 ● 225% ROIC2 9,284 9,284 CAPEX 9,314 4 9,284 Net Cash Flow 9,284 9,284 9,295 9,246 6,686 (25,197) IRR 3 — — — 0.1% 14
Slide 17: Bitcoin Data Center Project Soluna ROIC
Bitcoin Data Center Project 1 Soluna ROIC 2 (25% ownership) ● 38 months to return capital ● 50.1% IRR3 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 5 ● 755% ROIC2 16,740 CAPEX 5,802 Net Cash Flow4 5,802 5,821 5,802 3,328 2,843 2,847 2,832 2,048 (6,299) IRR 3 — — — 11.2% 24.8% 33.0% 40.6%
Slide 18: We finance our projects using Project Level Equity and Debt
We finance our projects using a combination of Project Level Equity and Debt ProjectCo Soluna Spring Lane Navitas Soluna Developer Soluna Developer Debt Owner Equity Owner Equity Equity Profit “Pre-Flip”5 Profit “Post-Flip”6 Dorothy 1A 14.6% 85.4% - 0% 10%/50%(1) - Dorothy 1B 51% - 49% n/a n/a - Doroth
Slide 19: Project Cash Flows Bitcoin Hosting Pre Flip
Project Cash Flows Bitcoin Hosting Pre Flip 1,2,3 We make money from services fees, developer profit and our share of owner profit. PROFIT SLNH JV Partner 3rd Party $21.26 $35.06 $43.68 (1) “Pre Flip” refers to project timeline prior to reaching the JV partner target economics, at which time the % of
Slide 20: Project Cash Flows Bitcoin Hosting Post Flip
Project Cash Flows Bitcoin Hosting Post Flip 1,2,3 After the “Flip” our developer profit increases significantly. PROFIT SLNH JV Partner 3rd Party $37.37 $18.95 $43.68 (1) “Pre Flip” refers to project timeline prior to reaching the JV partner target economics, at which time the % of developer profit in
Slide 21: Project Cash Flows Bitcoin Prop Mining
Project Cash Flows Bitcoin Prop Mining 1,2 We make money from services fees and our share of owner profit. PROFIT SLNH JV Partner 3rd Party $24.72 $20.58 $54.70 (1) All values are indicative based on certain key assumptions which may vary from any actual project specifically (2) Key assumptions: a) 20
Slide 22: Summary of Existing Debt
Summary of Existing Debt 1 $14.0m subsidiary debt (no Soluna Holdings guarantee); $10.1m GreenCloud debt (with Soluna Holdings guarantee)2 Amort Debt Tranche (Entity) / (Guarantor) Total Remaining GreenCloud (Cloud) / (Holdings)3 $10,055 ~2 years Spring Lane Equipment (Dorothy 2) / (None)4 $250 n/a
Slide 23: Existing Debt By Entity
Existing Debt 1 By Entity $14.0m subsidiary debt (no Soluna Holdings guarantee); Soluna Holdings, Inc. $10.1m GreenCloud debt (with Soluna Holdings guarantee) (SLNH) Soluna Digital (SDI) Soluna Cloud (SCI) Project Sophie Project Marie2 SDI SL Borrowing Soluna AL CloudCo3 HoldCo Project Marie SpringL
Slide 24: AI / HPC Data Center Project ROIC
1 AI / HPC Data Center Project ROIC 2 ● Capital is returned at refinance ● 37.7% IRR3 ● 560% ROIC2 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 5 1,759,092 560% ROIC2 CAPEX Net Cash Flow4 37.7% IRR3 (213,333 10,234 9,290 8,457 7,795 6,391 ) (106,667 ) (1) Key assumptions: (a) Assumes 18-month build period and
Slide 25: AI / HPC Data Center Soluna ROIC
AI / HPC Data Center 1 Soluna ROIC 2 ● Significant uplift to both IRR and ROIC, driven by equity uplift of delivering power and land to YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 5 the project 194,751 ● 58.5% IRR3 ● 1,209% ROIC2 1,209% ROIC2 CAPEX Net Cash Flow4 58.5% IRR3 (11,000) 1,135 1,030 938 864 709 (5
Slide 26: Pipeline & Distinctives
Pipeline & Distinctives 26 | Nasdaq: SLNH
Slide 27: The Perfect Storm: Driving Energy Demand
The Perfect Storm: Driving Energy Demand Historic Load Infrastructure Grid Reliability Energy Arms Spike 1,2 Bottlenecks 3,4,5 Strained 6,7,8,9 Race 1,2,6 Explosive load growth: U.S. Interconnection queues exceed DOE (2025) and NERC (2024 LTRA) Unprecedented scale: CapEx is utilities now forecast 50
Slide 28: We have a growing pipeline of projects
PROJECTS MW We have a Total Long-Term Pipeline 22 2,801 growing Total Curtailment Assessment Completed (YTD) Active Term Sheet Negotiations 22 5 2,801 850 pipeline of Shovel Ready, PPA, or Signed Term Sheets 6 698 projects Average Data Center Project Size 150 Total Power Partners 13 Average Projects
Slide 29: Unique Interconnection Strategy
Unique Interconnection Strategy Behind-the-Meter Structure Allows Our Data Centers to Remain Flexible, Drawing Power from the Grid or Renewable Power Plant and Provide Ancillary Services. Rapid Time to Interconnection. EXISTING RENEWABLE POWER PROJECT ASSETS GRID OPERATOR TELEMETRY PROJECT METER HV
Slide 30: Maestro OS Is Our Force Multiplier
Maestro OS Is Our TM Force Multiplier Our proprietary software streamlines site operations with intelligent monitoring, precise data, and full-stack automation—enabling faster decisions, higher uptime, and seamless grid integration. Control Data Collection Operations Power Extend equipment lifespan
Slide 31: Soluna's Distinctiveness
Soluna’s Distinctiveness Behind the Meter (BTM) BTM model enables Flexible power design Proprietary software and model captures accelerated access to with redundant options for proven execution stranded energy and low cost power power eases grid congestion Monetizing stranded power Using existing su
Slide 32: 2025 Focus & Catalysts
2025 Focus & Catalysts 32 | Nasdaq: SLNH
Slide 33: 2025 Corporate Focus
2025 Corporate Focus Grow Optimize Capital Develop Pipeline Projects Formation AI Increasing the number of Energize Project Dorothy 2. Pursuing financing Form partnerships to harness curtailment assessments And enhancing the opportunities to support key the value of our considerable completed with po
Slide 34: Our Accomplishments in 2025
Our Accomplishments in 2025 as of November 2025 Business Project Milestones Milestones ● Raised $64M+ to fund growth ● Project Kati (166 MW) groundbreaking completed and ● Secured $20M from Spring Lane Capital construction is underway ● Secured $5M non-dilutive debt from Galaxy Digital ● Signed 48 M
Slide 35: Q4 - Q1'26 Roadmap of Upcoming Catalysts
Energize Phase 3 (18 MW) Dorothy 2 Final Energize Phase 1 (48 MW) Kickoff Design & Engineering of Dorothy 2 Completion of Kati 1 of Kati 2 AI Project-level Capital PPAs on Projects Rosa, Energize Phase 2 (35 MW) New Project Formation Hedy, Ellen, Annie of Kati 1 Announcements Q4 - Q1’26 Roadmap of U
Slide 36: Company Overview
Company Overview 36 | Nasdaq: SLNH
Slide 37: We unlock wasted renewable power and lighten the burden on the grid
We unlock wasted renewable power, meet compute and energy demand and lighten the burden on the grid Energy Grid is Exploding Supply-Demand Constrained Compute is Imbalanced Demand Rising energy costs, slow interconnection timelines, and 30-40% of Renewable energy BTC and AI/HPC workloads are limited
Slide 38: Soluna operates data centers co-located with renewable power plants
Soluna operates data centers co-located with renewable power plants, turning their wasted energy into sustainable computing resources. 38 | Nasdaq: SLNH
Slide 39: All forms of renewable energy are growing faster than ever
GW All forms of 12,000 renewable energy are growing faster than ever. 6,000 0 2022 2023 2024 2025E 2026E 2027E 2028E 2029E 2030E Source: IEA data - https://www.iea.org/reports/renewables-2024/executive-summary 39 | Nasdaq: SLNH
Slide 40: Renewable energy has a wasted energy problem
RENEWABLE ENERGY HAS A WASTED ENERGY PROBLEM 30 40 of energy produced by renewable plants % goes unused. Source: Soluna Curtailment Assessments of IPPs in Pipeline. Curtailment estimates from ISO/RTO websites. Wood Mackenzie. 40 | Nasdaq: SLNH
Slide 41: Computing is ready now
Storage is not Transmission Computing is yet sufficiently upgrades face too ready now. scalable… many challenges & take too long… 41 | Nasdaq: SLNH
Slide 42: AI is requiring more and more power
Dennard-Scaling Era Multicore Era Deep Learning Era Deep 1010 Learning AI IS REQUIRING MORE AND MORE POWER 108 The energy required to run AI tasks is already accelerating with an annual 106 growth rate between 26% and 36% This means by 2028, AI could be using more power Hardware 104 than the entire
Slide 43: The Lifecycle of AI
The Lifecycle of AI Gen AI is batchable: Parts of the Generative AI lifecycle are perfect computing applications for co-location with renewable Batchable process power plants, because they are inherently batchable. Real-time process Training Fine Inferencing Tuning A new model is created from scratc
Slide 44: Unique Interconnection Strategy
Unique Interconnection Strategy Behind-the-Meter Structure Allows Our Data Centers to Remain Flexible, Drawing Power from the Grid or Renewable Power Plant and Provide Ancillary Services. Rapid Time to Interconnection. EXISTING RENEWABLE POWER PROJECT ASSETS GRID OPERATOR TELEMETRY PROJECT METER HV
Slide 45: How We Source Power for Our Data Centers
How We Source Economic/Technical Power for CURTAILED curtailment from negative LMP. ENERGY Our Data Centers DC * Energy that would have gone to grid SUBTRACTIVE GRID Energy that is sourced from the grid in excess without the load. ENERGY ENERGY of plant production. * Soluna BTC or AI Data Center. 45
Slide 46: Texas Wind Farm Curtailment
CASE STUDY Texas Wind Farm Curtailment 150 MW Wind Generation Generation Curtailed 80% 60% 73% 66% 57.3% 59.7% 40% 42.7% 40.3% 34% 20% 27% 0% 2021 2022 2023 2024 Source: Soluna Data Analysis, Wind Farm Data 46 | Nasdaq: SLNH
Slide 47: Soluna Consumes ~50% of Curtailed Energy
CASE STUDY Soluna Consumes ~50% of Curtailed Energy 50 MW Data Center – Project Dorothy 1 Consumed by Soluna Curtailed 80% 60% 40% 42.7% 40.3% 34% 20% 27% 22.6% 20.6% 16.9% 14% 0% 2021 2022 2023 2024 Source: Soluna Data Analysis, Wind Farm Data 47 | Nasdaq: SLNH
Slide 48: How We Achieve Tier-3 Uptime Behind the Meter
How We Achieve Grid Energy 39.200% Tier-3 Uptime Behind the Meter Energy is sourced from DATA Resiliency the grid, the renewable power plant, and a CENTER Other Backup 2.000% resiliency solution. UPTIME 1.982% 99.982% Downtime 0.018% Wind Energy 58.800% 48 | Nasdaq: SLNH
Slide 49: Our Power Cost Is Among the Lowest In the Industry
Our Power Cost $80 Is Among the $80 Lowest In the $70 Industry $60 $50 $50 $40 $40 $30 $30 $20 $10 $0 Bitcoin 1 AI 2 (1) Luxor Research; Public filings from various miners Industry (2) EIA.gov | https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_a Soluna 49 | Nasdaq: SLNH
Slide 50: Soluna's solution for grid and data center decarbonization
Soluna’s solution for grid and data center -25% decarbonization As new data-heavy applications drive massive energy demand, most data centers rely on carbon-intensive grids to power these workloads. While RECs are widely used to offset emissions, they often fail to reflect real-time energy usage and
Slide 51: The Soluna Way
Source The low-cost curtailed Soluna power from IPPs Way Grow Build, own, pipeline operate data centers We tackle wasted energy through digital infrastructure. As we optimize the grid and serve our customers, we fuel our growth, funding further expansion to make renewable energy a superpower. Grow A
Slide 52: We serve some of Bitcoin's most successful miners
We serve some of Bitcoin’s most 87.6 67 Total EH/s2 Total No. Facilities 22.1 7.5 successful miners % Here’s a snapshot of our customers’ total mining Average J/TH Percentage of portfolios.1,2 Bitcoin Network (1) Source: Public filings, Luxor Research, Bitcoin Network, and Customer Surveys (2) Total
Slide 53: Bitcoin Hosting Contract Models
Bitcoin Hosting Contract Models Financial Driver Fixed Profit Share Profit Share -- Power pass-through + Opex Fee/Volumetric passthrough fee + BTC profit share + service fees Hash price up no impact gross profit up Hash price down no impact gross profit down Electricity up gross profit down gross profit do
Slide 54: Bitcoin Hosting Contract Mix Shift
Bitcoin Hosting Contract Mix Shift Volumetric contracts at Dorothy more than doubled in Q2, up from 5MW in Q1 2025. 25MW Q2 2025 45MW 11.8 MW Profit Share Volumetric Revenue / Profit Potential 54 | Nasdaq: SLNH
Slide 55: What Our Customers Are Saying
What Our Customers Are Saying Partnering with Soluna has been a Soluna is a real delight to work with. Soluna’s expertise in optimizing mining game-changer for Compass. Their Their approach is professional, operations has allowed BitMine to scale commitment to operational excellence hands-on, and pr
Slide 56: Progress on our Mission
Progress on our Mission JAN 2024 Project Dorothy Outperforms FEB 2022 Traditional Centers with an 18% $20M Debt Financing Lower Carbon Footprint APR 2022 JUN 2024 Sale of MTI Instruments $30M from Spring Lane Capital Subsidiary Business for Project Dorothy 2 Secured MAY 2022 AUG 2024 $35M Raise from
Slide 57: Meet the Soluna Leadership Team
Meet the Soluna Leadership Team 150 years of combined experience in starting, managing, and leading companies John Belizaire Michael Toporek David Michaels Dipul Patel Mary O’Reilly Chief Executive Officer Executive Chairman Chief Financial Officer Chief Technology Officer Chief People Officer Jessica T
Slide 58: Learn more at solunacomputing.com
Learn more at solunacomputing.com 58 58 | | Nasdaq: SLNH Nasdaq: SLNH
Slide 59: Connect With Us
Connect With Us X / Twitter LinkedIn Newsletter @SolunaHoldings Soluna Holdings bit.ly/solunasubscribe 59 | Nasdaq: SLNH
Slide 60: Appendix
Appendix 60 | Nasdaq: SLNH
Slide 61: Non-GAAP Measure Management Definitions
Non-GAAP Measure Management Definitions This presentation contains various non-GAAP financial measures which are defined on the following slide, each of which is not calculated in accordance with GAAP. Presentations of these non-GAAP financial measures are intended to aid investors in better understandi
Slide 62: Non-GAAP Measure Management Definitions
Non-GAAP Measure Management Definitions Consolidated Adjusted EBITDA: total EBITDA, as adjusted by management for certain one-time impacts, on a fully consolidated basis, regardless of actual Soluna ownership percentage. Developer Profit: profit and cash paid to project developer from Project Profit/Cas
Slide 63: Project Highlights Q3 2025 & Beyond
Project Highlights Q3 2025 & Beyond 63 | Nasdaq: SLNH
Slide 64: Project Sophie Highlights
HIGHLIGHTS Project Sophie 1 2 Completed 3.3 MW fleet Completed annual changeout with an preventative maintenance on industry leading customer critical electrical equipment 3 4 Upgraded network Maintained >90% operational architecture to enhance availability despite high security and reliability summe
Slide 65: Project Dorothy 1A Highlights
HIGHLIGHTS Project Dorothy 1A 1 2 Two customers completed Completed intake filter and deployed fleet replacements to help upgrades during the optimize airflow month 3 Continued strong operational stability with reduced curtailment as Maestro OSTM optimized 4CP performance 65 | Nasdaq: SLNH
Slide 66: Project Dorothy 1B Highlights
HIGHLIGHTS Project Dorothy 1B 1 2 Consolidated miners in Upgraded fleet by deploying existing fleet to improve 1,800+ S19XP miners into utilization and free up rack available space space 3 4 Operational Replaced intake filters to improvements drove optimize airflow and miner measurable performance perfo
Slide 67: Project Dorothy 2 Highlights
HIGHLIGHTS Project Dorothy 2 1 2 Completed full Phase 2 and 3 are fully construction of the project developed and the site transitioned to steady state operations in October 3 4 Continued to build out Became the highest team to support performing Soluna site at operations 2 EH/s under management 67
Slide 68: Project Dorothy 2 Fundamentals
FUNDAMENTALS Project Dorothy 2 CAPACITY POWER SOURCE 48 MW Wind LINE OF BUSINESS AVERAGE 3-MONTH Bitcoin Hosting LCOE* ~$35 / MWh1 CURTAILED ENERGY CONSUMED INSTALLED HASHRATE 1 3k MWh 2.1 EH/s1 ENERGIZATION CAPITAL PARTNERS Q2 2025 (1)As of September 30, 2025 unless otherwise noted *Levelized Cost
Slide 69: Dorothy 1 & 2 Milestones
Dorothy 1 & 2 Milestones (As of November 10th) PROJECT SIZE PURPOSE BTC ALLOCATION HOSTING CUSTOMER DISTRIBUTION 98 MW Bitcoin Mining - operational 25 MW proprietary 5 industry ~100 MW 2 MW AI - under development 73 MW hosting leading partners DEPLOYED MINING RIGS OPERATING HASHRATE FLEET EFFICIENCY
Slide 70: Project Grace Highlights
HIGHLIGHTS Project Grace 1 2 Completed Conceptual Held strategic kick-off Design for meeting with technical Behind-the-Meter AI partners (power, microgrid, Power and Cooling storage) Infrastructure Blueprint 3 4 Completed initial site Initiated marketing of layout and building project began. concept
Slide 71: Project Kati 1 Fundamentals
FUNDAMENTALS Project Kati 1 CAPACITY POWER SOURCE 83 MW Wind LINE OF BUSINESS AVERAGE 3-MONTH Bitcoin Hosting ANNUAL LCOE* ~$30 / MWh1 CURTAILED ENERGY CONSUMED CAPITAL PARTNERS TBD ENERGIZATION 2026 PARTNERS (1) Estimated *Levelized Cost of Energy - Calculates present value of the total cost of bui
Slide 72: Project Kati Groundbreaking
Project Kati Groundbreaking AS SEEN IN 72 | Nasdaq: SLNH
Slide 73: Project Kati 1 Highlights
HIGHLIGHTS Project Kati 1 1 2 Substation upgraded to Groundbreaking ceremony support 83 MW in Q3 with local community in attendance 3 4 Civil and electrical Long-lead equipment for construction underway, Kati 1B (35 MW) is staged with the installation of for installation Galaxy containers in progres
Slide 74: Project Kati 2 Fundamentals
FUNDAMENTALS Project Kati 2 CAPACITY 83+ MW SQ FT 440,000 Technical Overview & Development LINE OF BUSINESS UPTIME TIER Timeline HPC III 5x9s Availability, Concurrently Maintainable or Fault Tolerant CURTAILED ENERGY POWER DENSITY CONSUMED 400 W/SF TBD TOTAL POWER CIT ENERGIZATION 43.5 MW 2026-2027
Slide 75: Project Kati 2 Highlights
HIGHLIGHTS Project Kati 2 1 2 Substation upgrade to Signed MOU with support 83 MW was development partner with completed. Long-lead HPC experience. Design equipment ordered. engineering expected to begin in November. 3 4 Site marketing began. Completed land Exploring pathways to acquisition for 50 a
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