Bitcoin miner Soluna acquires $53M wind farm to power AI facility
Soluna expanded into artificial intelligence in 2024 to shore up declining revenues from its crypto mining business, mirroring an industry-wide shift toward AI workloads.
Soluna Holdings, a publicly traded Bitcoin (BTC) mining and AI infrastructure company focused on renewable energy, announced on Thursday that it closed a $53 million deal to acquire a wind farm to power its upcoming Project Dorothy 3 AI data center campus.
The Briscoe Wind Farm, located in Briscoe County, Texas, has a potential capacity of up to 300 megawatts (MW), according to the company’s announcement.
The company forecasts that the facility will generate annualized revenue between $20 million and $24.4 million.