Soluna Reports Progress on AI/HPC Data Centers, Signs Tenant LOI for Project Kati 2

Soluna Holdings provided its June 2026 operational update, highlighting significant progress in its large-scale AI and High-Performance Computing (HPC) data center pipeline. The company signed a Letter of Intent (LOI) with a potential tenant for its 350+ MW Project Kati 2 and announced its inclusion in the Russell 3000 and 2000 Value Indexes.

Key Details

• Project Kati 2 (350+ MW AI/HPC): An LOI has been signed with a potential tenant, and commercial negotiations are underway. A general contractor has been selected, and the detailed design is approximately 50% complete.
• Project Kati 1 (83 MW Bitcoin): Construction on the K1B site is progressing, with substantial completion achieved for Phase 2 (9 MW). Phase 3 (14 MW) construction is ongoing and ahead of schedule.
• Corporate Milestones: The company was added to the Russell 3000 and Russell 2000 Value Indexes. Soluna also scheduled its first quarterly earnings conference call for August 13, 2026.