BRISCOE COUNTY, TEXAS — Soluna Holdings Inc. (NASDAQ: SLNH), a developer of renewable data centers for heavy computing industries such as artificial intelligence (AI) and Bitcoin mining, has closed on the purchase of 397 acres in West Texas’ Briscoe County. The site is located adjacent to Briscoe Wind Farm, a 150-megawatt (MW) wind farm that Soluna purchased in April for $53 million.
The land is also situated adjacent to Dorothy 1 and Dorothy 2, Soluna’s modular, co-located data center campus that has capacity totaling 50 MW and 48 MW, respectively. The new land will host Dorothy 3, an AI data center computing campus with a potential capacity of 300 MW.
All phases of the Project Dorothy campus, which is named after NASA mathematician Dorothy Vaughan, will be powered by the Briscoe Wind Farm substation.
“Customers evaluating AI sites want to know how quickly we can get them to power,” says John Belizaire, CEO of Soluna. “Owning this land takes one more variable out of that answer. Dorothy 3 is a site we control end to end, and that is what turns a development project into something a customer can plan around.”
The land acquisition exceeds the 300 acres Soluna originally identified for the campus. The additional land can be used to add data halls “should further generation or storage capacity become available at the site.” No construction or operational timeline was given for Dorothy 3, and a project partner has yet to be determined.
Based in Albany, N.Y., Soluna has a development pipeline of approximately 6.3 gigawatts across multiple sites. The company currently owns and operates approximately 192 MW of energized capacity in wind- and solar-powered sites across South Texas and Kentucky.
Soluna’s stock price closed on Monday, Aug. 24 at $1.15 per share, up from $0.48 a year ago, a nearly 140 percent increase.
— ohn Nelson