Soluna Holdings, Inc. announced on April 2, 2026, the successful closing of its $53 million acquisition of the Briscoe Wind Farm in West Texas. This transaction, financed through cash and debt, allows the Albany-based developer to own the renewable energy source powering its Project Dorothy data center infrastructure.
The acquisition is immediately accretive, featuring a projected year-one Adjusted EBITDA between $6 million and $11 million. Soluna now manages a total capacity of 150 MW at this site, providing a foundation for the planned 300 MW Project Dorothy 3 AI campus expansion.
This strategic move secures long-term energy certainty and eliminates reliance on third-party power purchase agreements for the Texas facility. By controlling the power, land, and compute resources, the company establishes a durable cost advantage for high-performance computing and generative AI workloads.
“Energy sovereignty is the key durable moat in the AI infrastructure race,” said John Belizaire, CEO of Soluna. “By owning the Briscoe Wind Farm, we have secured the cornerstone infrastructure needed to build an AI campus.”
🧭 FAQs
• Where is the newly acquired Briscoe Wind Farm facility located? The 150 MW renewable energy asset is located in the West Texas region.
• What is the projected financial impact for the first year? Soluna expects an Adjusted EBITDA between $6 million and $11 million annually.
• How does this acquisition affect the local Project Dorothy site? It enables the development of a 300 MW AI campus on adjacent land.
• Which regional power grid connection does the wind farm use? The facility utilizes a GE Vernova turbine system with an ERCOT grid interconnection.
Source: https://news.bitcoin.com/bitcoin-miner-soluna-closes-53-million-wind-farm-acquisition-in-west-texas/
