Soluna Buys Full Control of Texas Data Center for $16.5M, Accelerating AI Campus Push
Event summary
- Soluna acquired full ownership of Project Dorothy 1A in Texas for $16.5M, ending its partnership with Spring Lane Capital.
- The deal follows Soluna's $53M acquisition of the Briscoe Wind Farm earlier in April 2026.
- Soluna now controls 150MW of renewable power and aims to vertically integrate its AI campus.
- The acquisition was financed partly through a $12M promissory note due May 2027.
- Soluna plans to transition the Dorothy campus to AI workloads as Dorothy 3 development progresses.
The big picture
Soluna's acquisition of Project Dorothy 1A is part of a broader push to vertically integrate its AI campus, following its recent wind farm purchase. The move reflects the growing trend of data center operators seeking greater control over their energy supply to support AI workloads. With over 4.3GW in its development pipeline, Soluna is positioning itself as a major player in the green AI infrastructure space.
What we're watching
- Vertical Integration
- How Soluna's end-to-end control of energy and compute infrastructure will impact its AI strategy.
- AI Transition
- The pace at which Soluna can convert its data centers from Bitcoin mining to AI workloads.
- Financial Leverage
- Whether Soluna's debt financing strategy will support its aggressive expansion plans.
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