Soluna Holdings announced that it has received ERCOT approval to begin the initial energization and phased commissioning of Project Kati 1, a wind‑powered data‑center campus in Willacy County, Texas. The 83‑MW facility—comprising a 48‑MW Kati 1A and a 35‑MW Kati 1B segment—will be brought online in three phases, with Kati 1A expected to be fully ramped by early Q2 and Kati 1B by the end of Q3, completing the project in Q4.
The milestone comes as Soluna’s overall revenue trajectory has been volatile. In Q1 2025 the company generated $5.9 million, down from $12.5 million a year earlier, while Q3 2025 revenue rose 12% to $8.4 million. The full‑year 2024 revenue of $38.02 million represented an 80.49% increase over 2023, yet the company remains in operating loss territory and carries a high debt‑to‑equity ratio. The new project is projected to generate $17.3–$19.6 million in annual revenue and 3.5 EH/s of hash‑rate capacity, adding 67% to Soluna’s renewable‑powered computing footprint and bringing total capacity to over 200 MW.
Strategically, Project Kati 1 underscores Soluna’s focus on green computing. Powered entirely by the Las Majadas wind farm, the campus reduces grid dependence and lowers operating costs, positioning the company to serve both Bitcoin mining and emerging AI/HPC workloads. The deployment of 12 MW of Cormint‑powered modular data‑center units within Kati 1B further demonstrates Soluna’s commitment to scalable, renewable‑first infrastructure.
CEO John Belizaire said the energization “is a clear demonstration of our blueprint for Renewable Computing at scale” and highlighted the company’s goal of deploying 300–400 MW of new digital infrastructure annually. He noted that the project’s phased ramp‑up will allow Soluna to capture growing demand for low‑carbon compute while maintaining cost discipline.
Analysts view the milestone positively but remain cautious about Soluna’s cash burn and debt profile. While the company’s ability to secure ERCOT approval and execute a large‑scale renewable‑powered data‑center project is praised, concerns about ongoing operating losses and the need for additional financing temper enthusiasm. The project’s success, however, is seen as a key step toward diversifying beyond Bitcoin mining and strengthening Soluna’s competitive position in the green‑computing market.
Overall, the energization of Project Kati 1 marks a significant expansion of Soluna’s renewable‑powered capacity, reinforces its strategy to combine modular data‑center technology with wind energy, and signals progress toward its ambitious annual deployment target. The milestone also highlights the company’s ongoing financial challenges, underscoring the importance of continued financing to sustain growth.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.