Crypto and AI data center firm Soluna has acquired land in Texas for a new campus.
The company this week announced it has signed definitive agreements to secure two parcels of land required to build Project Kati in Texas.
Project Kati is set to offer 166MW and potentially host both Bitcoin mining and artificial intelligence (AI) facilities. The shovel-ready project will be delivered in two 83MW phases.
Timelines weren’t shared in the announcement, but the company’s latest investor presentation suggests phase I will be energized by 2026, and phase II by 2027.
The project is in partnership with EDF Renewables and Masdar; the companies signed a PPA in March that will see Kati receive behind-the-meter power from the 273MW Las Majadas Wind Project, which became operational in 2021 and is located in Willacy County, southern Texas.
“We’ve entered into the agreements necessary to secure the land we need to build this strategic project,” said John Belizaire, CEO at Soluna. “We believe this milestone sets the stage for construction, investment, and innovation, and we’re now ready to move from vision to execution. Project Kati will be a cornerstone of our strategy to scale sustainable Bitcoin and AI infrastructure.”
Soluna is set to open Project Kati to bids from prospective investors, partners, and customers for a cryptomine data center, while discussions are also underway with potential partners to co-develop an AI or HPC-focused facility at the site.
The company said it has already completed a site evaluation that confirms Kati’s suitability for high-performance computing and AI uses.
Project Kati is named after Katalin “Kati” Karikó, the pioneering Hungarian scientist whose groundbreaking work made mRNA-based therapies and modern vaccines possible.
Soluna places modular data centers colocated at renewable energy sites to host mining or AI hardware, while also offering its own cloud services.
As well as Kati, the company operates or is developing several other campuses, including the 187MW Project Rosa site in Texas; the 50MW Dorothy I A and B as well as 48MW Dorothy II, again in Texas; Project Sophie, a 25MW data center in Kentucky; and the 2MW Grace site in Texas.
At full build-out, the company aims to host a total of 479MW of data center capacity spread across seven separate sites. In its earnings presentation, Soluna claims a long-term pipeline totaling 19 projects and up to 2.6GW of capacity.
Previously, the company owned another facility in Kentucky and one in Washington, but these were exited in 2023 and 2022, respectively.
In January, Soluna signed a one-year hosting contract with IT solutions provider Atlas Cloud. The deal will see Soluna provide the computing power for Atlas Cloud’s AI video processing workloads, and includes the deployment of sixty-four Nvidia H100 SXM GPUs, which Soluna procured via its agreement with Hewlett Packard Enterprises in mid-2024.
