Soluna Holdings, Inc. (SLNH) announced a definitive agreement with Applied Digital Corporation (APLD) to form a jointly owned company to develop a 50 MW data center for artificial intelligence (AI) and high-performance computing (HPC) in Texas. The new facility will be located at Soluna's "Project Dorothy 3" site, co-located with the Briscoe Wind Farm.

Key Details

  • Project: Development of a 50 MW data center in Briscoe County, Texas, designed for AI and HPC workloads and powered by wind energy.
  • Joint Venture Structure: Applied Digital will hold a 51% majority interest and provide development capital. Soluna will hold the remaining 49% interest and contribute land and power-related project assets.
  • Potential Tenant: ChronoScale Holdings Corporation (Nasdaq: CHRN), a company majority-owned by Applied Digital, has signed a non-binding letter of intent to lease the planned facility.
  • Timeline: The transaction is expected to close by the end of the calendar year 2026, subject to customary closing conditions including local tax abatement approval.