Soluna Completes Full Ownership of Texas Data Center Campus for $8.8M
Event summary
- Soluna acquired the remaining 49% equity in Project Dorothy 1B from Navitas Global for $8.8M, completing full ownership of the Texas data center campus.
- This follows earlier acquisitions of the Briscoe Wind Farm ($53M) and Project Dorothy 1A ($16.5M) in 2026.
- The company now controls 50 MWs of generation-to-compute capacity at Project Dorothy 1.
- Full ownership is required to convert the campus to AI and high-performance computing workloads.
The big picture
Soluna's full ownership of Project Dorothy 1 positions it to capitalize on the growing demand for sustainable AI infrastructure. The consolidation of generation-to-compute assets aligns with industry trends toward vertically integrated, renewable-powered data centers. With over 4 GW in its pipeline, Soluna is positioning itself as a key player in the green computing space, though execution risks remain.
What we're watching
- Conversion Strategy
- How quickly Soluna can transition Project Dorothy 1 to AI workloads and attract customers.
- Pipeline Development
- The pace at which Soluna advances its 4.3 GW development pipeline, particularly Dorothy 3.
- Financial Flexibility
- Whether Soluna's balance sheet cash can support further acquisitions and conversions.
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