Soluna Holdings Stock Rises on Data Center Expansion With ‘Top-Tier Bitcoin Miner’

July 8, 2025

KEY TAKEAWAYS

  • Soluna Holdings shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a “top-tier Bitcoin miner.”
  • “With this deal, Project Dorothy 2 is now fully marketed and contracted,” Soluna said.
  • Soluna shares have fallen almost 70% this year.

Soluna Holdings (SLNH) shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a “top-tier Bitcoin miner.”

“With this deal, Project Dorothy 2 is now fully marketed and contracted,” Soluna said.

The data center developer said it has expanded its flagship project site Project Dorothy 2 by 30 megawatts in its third buildout with this customer, which it didn’t name.

“It’s a major milestone in our growth pipeline, bringing 100% of our active facilities to full capacity,” Soluna CEO John Belizaire said.

Soluna shares rose 4.6% in early trading Tuesday. The company’s shares have fallen almost 70% so far this year. 

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