KULR Technology Group and Soluna Announce 3.3 MW Hosting Partnership at Project Sophie
MWN-AI** Summary
KULR Technology Group, Inc. (NYSE American: KULR), a Bitcoin+ treasury company focused on high-performance technology, has announced a strategic partnership with Soluna Holdings, Inc. (NASDAQ: SLNH), which specializes in renewable energy data centers. This collaboration will see Soluna host approximately 3.3 MW of Bitcoin mining capacity at its Project Sophie facility in Kentucky. This marks a significant shift for Soluna, as it expands its client base beyond traditional miners to treasure-focused companies like KULR, as noted by Soluna's CEO, John Belizaire.
The partnership is designed to meet the rising demand for sustainable computing infrastructure among companies looking to diversify digital asset strategies amid a volatility-prone market. KULR’s CEO, Michael Mo, emphasized that collaborating with Soluna would enhance their operational efficiency in Bitcoin mining while adhering to renewable energy principles. This project aligns with KULR's Bitcoin Treasury Accumulation Strategy, which allocates a substantial portion of its surplus cash to Bitcoin acquisition.
The deployment is slated to begin operations in Q4 2025 and supports Soluna's mission of creating a flexible hosting model that enables clients to benefit from Bitcoin mining without engaging in operational complexities. KULR will utilize this partnership to manage the lifecycle of its mining hardware under a new "Bitcoin Mining Lease" structure, which assures consistent hashrate and uptime.
Overall, this collaboration underscores both companies' commitment to innovative, sustainable practices in the expanding realm of digital assets and computing. With the global Battery Backup Unit (BBU) market projected to grow, KULR and Soluna are well-positioned for further advancements in this evolving space.
MWN-AI** Analysis
KULR Technology Group (NYSE American: KULR) and Soluna Holdings, Inc. (NASDAQ: SLNH) recently announced an exciting partnership that signals significant corporate growth and market potential. By moving forward with a 3.3 MW Bitcoin mining operation at Soluna’s Project Sophie facility, KULR is positioning itself strategically within the sustainable data center market, targeting the growing demand for green technologies in Bitcoin operations.
This partnership stands out not only for its pioneering approach to integrating green energy solutions but also reflects a shift in the Bitcoin mining industry towards sustainability—an undercurrent gaining traction among institutional investors who are increasingly attentive to Environmental, Social, and Governance (ESG) criteria. As KULR continues to diversify its treasury strategy, focusing up to 90% of its surplus cash on accumulating Bitcoin, the elegance of a hosting partnership with Soluna complements their ambitious vision of integrating AI and energy systems into a broader portfolio.
Investors should view KULR's engagement with Soluna as a forward-looking opportunity. The hosting model provided by Soluna ensures operational efficiency and stability that mitigates risks associated with traditional Bitcoin mining, including market volatility and infrastructure burdens. Soluna’s innovative “Bitcoin Mining Lease” model guarantees uptime and hashrate, minimizing operational headaches often encountered by emerging digital asset firms.
With the global BBU market projected to grow from $29.22 billion in 2025 to $43.64 billion by 2034, KULR's potential future projects in sustainable AI data center hosting position the company favorably in a burgeoning industry. The partnership not only strengthens KULR's market position but also enhances its reputation as a leader in responsible and innovative digital asset management. Investors looking for exposure to sustainable technologies should closely monitor developments from both KULR and Soluna as their collaboration unfolds.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
HOUSTON , Oct. 09, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin+ treasury company that builds a portfolio of frontier technology businesses ranging from high-performance energy systems to AI Robotics, today announced a new hosting partnership with Soluna Holdings, Inc. (“Soluna”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications. Under this agreement, Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky. The partnership marks the first time Soluna has partnered with a Bitcoin treasury-focused company, expanding its customer base beyond traditional Bitcoin miners and hyperscalers.
“This partnership represents a new chapter in how we serve the market,” said John Belizaire, CEO of Soluna.“ Treasury companies like KULR are increasingly seeking sustainable, high-performance computing infrastructure to diversify their digital asset strategies. We’re proud to pioneer a flexible hosting model that meets this evolving demand.”
The agreement reflects Soluna’s strategy to adapt its renewable-powered hosting model to meet the developing demand profiles of Bitcoin mining and adjacent industries.
“This collaboration supports KULR’s commitment to strategic innovation in digital asset management,” said Michael Mo, CEO of KULR Technology Group. “Partnering with Soluna allows us to engage in Bitcoin mining through a renewable, reliable, and operationally efficient framework.” Mo continued, “This is only the beginning. As KULR expands beyond Bitcoin mining and migrates into Battery Backup Unit (‘BBU’) solutions, Soluna stands out as the ideal partner for future projects focused on sustainable, low-cost AI data center hosting powered by stranded renewable energy."
As per the BBU Market analysis conducted by Custom Market Insights in July 2025 , the global BBU Market is expected to grow from 29.22 Billion USD in 2025 to 43.64 Billion USD by 2034.
The 3.3 MW deployment at Project Sophie is expected to commence operations in Q4 2025, further strengthening Soluna’s leadership in sustainable computing infrastructure.
Under the partnership, KULR will leverage Soluna’s operational and market expertise to purchase, service, and manage all activities associated with its fleet of mining hardware over the life of the contract. Through this new “Bitcoin Mining Lease” structure, Soluna will deliver guaranteed hashrate and uptime targets to KULR on a daily and monthly basis.
As more established companies like KULR explore Bitcoin as part of their treasury strategy, Soluna’s model offers a mutually beneficial pathway to guaranteed hashrate without the operational complexity of mining. This partnership supports KULR’s Bitcoin Treasury Accumulation Strategy, announced earlier this year, in which KULR committed up to 90% of its surplus cash reserves to Bitcoin. Through its new hosting framework, Soluna empowers Bitcoin+ companies such as KULR to tap into the benefits of Bitcoin mining while avoiding the common challenges of market volatility and legacy infrastructure constraints.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin+ treasury company that builds a portfolio of frontier technology businesses ranging from high-performance energy systems to AI Robotics. KULR delivers cutting-edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s offering allows delivery of commercial-off-the-shelf and custom next-generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash to the acquisition of bitcoin.
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Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
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Email: kulr@mgroupsc.com
About Soluna Holdings, Inc. (Nasdaq: SLNH)
Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. Soluna designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit solunacomputing.com and follow us on:
LinkedIn: https://www.linkedin.com/company/solunaholdings/
X (formerly Twitter): x.com/solunaholdings
YouTube: youtube.com/c/solunacomputing
Newsletter: bit.ly/solunasubscribe
Resource Center: solunacomputing.com/resources
Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly.
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7eb315b-26bd-4b63-8472-095bffc4179d
FAQ**
How does KULR Technology Group Inc. KULR plan to integrate its Bitcoin treasury strategy with the operations at Soluna's Project Sophie facility in terms of financial and operational goals?
What specific advantages does KULR Technology Group Inc. KULR see in partnering with Soluna for sustainable Bitcoin mining compared to traditional mining operations?
How will KULR Technology Group Inc. KULR leverage the guaranteed hashrate and uptime targets provided by Soluna to enhance its treasury accumulation strategy?
What future projects does KULR Technology Group Inc. KULR envision developing with Soluna beyond Bitcoin mining, particularly in the Battery Backup Unit (BBU) market?
**MWN-AI FAQ is based on asking OpenAI questions about Soluna Holdings Inc. (NASDAQ: SLNH).
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