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Soluna Expands Partnership With Blockware, Adding 6 MW at Project Dorothy 1

MWN-AI** Summary

Soluna Holdings, Inc. (NASDAQ: SLNH), a leader in green data center development focused on high-performance computing applications like Bitcoin mining and AI, has announced an expansion of its partnership with Blockware Solutions, adding six megawatts (MW) of capacity to its Dorothy 1 site in West Texas. This marks the third expansion of their collaboration, signifying Blockware's impressive growth and commitment to scaling its operations in alignment with Soluna.

Deployment of the additional capacity commenced in January and is anticipated to wrap up by the end of February. This effort underscores Soluna’s capability to provide flexible, capital-efficient infrastructure powered by renewable energy, effectively supporting customer growth.

John Belizaire, CEO of Soluna, highlighted that the consistency in expanding partnerships signals the effectiveness of their operational model, showcasing the trust and reliability that Blockware finds in Soluna’s infrastructure. Similarly, Blockware’s CEO, Mason Jappa, emphasized the necessity of maintaining high uptime and operational reliability as they scale, asserting that Soluna’s dependable infrastructure and expeditious deployment have fostered continued expansion of their collaboration.

The expansion at Project Dorothy exemplifies Soluna’s innovative approach to utilizing surplus renewable energy for computing purposes, conforming to a broader strategy of stabilizing the grid while providing critical energy resources to high-performance computing applications. This project is part of Soluna’s greater initiative to establish a 1 GW+ pipeline of renewable-first data centers.

For more information about Soluna and its operations, stakeholders can visit their website, solunacomputing.com, and follow their updates across various social media platforms. As forward-looking statements are included, Soluna cautions about inherent risks associated with these projections in compliance with the U.S. Private Securities Litigation Reform Act.

MWN-AI** Analysis

Soluna Holdings, Inc. (NASDAQ: SLNH) has made a significant move by expanding its partnership with Blockware by an additional 6 MW at Project Dorothy 1 in West Texas. This expansion is indicative of the growing demand for cryptocurrency mining and high-performance computing, coupled with an increasing emphasis on renewable energy solutions. As deployment began in January and is set to conclude by the end of February, this operational timeline suggests that Soluna is not only responsive to customer needs but also able to execute growth efficiently.

Soluna’s strategic positioning in the renewable energy sector is supported by a robust infrastructure designed to utilize surplus energy, thus enhancing its sustainability appeal. The partnership with Blockware, which reflects a strong alignment and operational reliability, further solidifies Soluna's competitive edge. John Belizaire, CEO of Soluna, asserted that repeat expansions echo the effectiveness of their operational model, an encouraging sign for potential investors.

From a market perspective, the increase of 6 MW in capacity at Project Dorothy 1 signals an uptick in potential revenue streams for Soluna, as they capitalize on the booming demand for computing resources in crypto mining and AI applications. Furthermore, the ongoing collaboration with Blockware emphasizes Soluna’s role as a reliable partner in the blockchain infrastructure landscape.

Investors should keep a close eye on Soluna’s ability to deliver on its goals and timelines. The company’s forward-looking statements suggest confidence in its growth trajectory aligned with the expanding renewable energy market. For those interested in sustainable investments, Soluna's innovative approach to infrastructure and energy efficiency positions it favorably against competitors. As the market evolves, maintaining an eye on Soluna’s performance and strategic partnerships will be crucial for making informed investment decisions.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

Deployment began in January and is expected to be completed by the end of February

Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, today announced the expansion of its partnership with Blockware, adding an additional six megawatts of capacity at Soluna’s Dorothy 1 site in west Texas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260217141378/en/

This marks the third expansion of the partnership between Soluna and Blockware, reflecting the continued growth of Blockware’s operations and its commitment to scale alongside Soluna within an existing project. The expansion comes as a result of Soluna’s ability to support customer growth through flexible, capital-efficient infrastructure at renewable-powered sites. Deployment of the additional capacity began in January and is expected to be completed by the end of February.

“Repeat expansions like this are a strong signal that our model is working,” said John Belizaire, CEO of Soluna. “Blockware has continued to grow with us over time, and that kind of long-term alignment reflects the reliability of our infrastructure, our operational execution, and our ability to scale alongside customers as their needs evolve.”

The expansion builds on Soluna’s existing relationship with Blockware at Project Dorothy, where Soluna delivers behind-the-meter digital infrastructure designed to convert surplus renewable energy into productive computing. By expanding within an established site, Soluna can support customer growth efficiently while maintaining disciplined capital deployment.

“As we scale, maintaining strong uptime and operational reliability becomes increasingly important,” said Mason Jappa, CEO of Blockware. “We partner with teams that are singularly focused on delivering best-in-class data center operations. Soluna has consistently provided dependable infrastructure, rapid deployment, and a renewable-powered environment that supports long-term performance. That operational track record is why we continue to expand our partnership.”

Project Dorothy is part of Soluna’s 1 GW+ pipeline of renewable-first data centers designed to support high-performance computing workloads while helping stabilize the grid by utilizing energy that might otherwise be curtailed.

For more information about Soluna and its projects, visit solunacomputing.com .

Safe Harbor Statement by Soluna
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding Soluna’s expectations with respect to the deployment timeline of the additional capacity at Project Dorothy 1, and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar statements. Soluna may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of the press release, and Soluna undertakes no duty to update such information, except as required under applicable law.

About Soluna Holdings, Inc. (Nasdaq: SLNH)
Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The Company 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:

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.

About Blockware
Blockware Solutions, LLC ("BWS") is an American company specializing in blockchain infrastructure and cryptocurrency mining services. Founded in 2017 and headquartered in Houston, Texas, Blockware Solutions provides comprehensive solutions, including mining hardware sales, secure data center hosting, and blockchain investment advisory services. The company also operates a large-scale network of mining farms and contributes to the decentralization of the Bitcoin network. Leveraging its technical expertise and commitment to transparency, Blockware helps individuals and institutions grow their digital asset businesses. For more information, visit www.blockwaresolutions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217141378/en/

Public Relations
West of Fairfax for Soluna
Soluna@westof.co

FAQ**

How does the expansion of Soluna Holdings Inc. SLNH's partnership with Blockware align with its overall growth strategy in the renewable energy sector, particularly in terms of capacity at Project Dorothy?

The expansion of Soluna Holdings Inc.'s partnership with Blockware supports its growth strategy in the renewable energy sector by enhancing capacity at Project Dorothy, enabling greater scalability and efficiency in renewable energy production to meet increasing demand.

In what ways does Soluna Holdings Inc. SLNH's operational execution and infrastructure reliability support its competitive edge in the green data center market?

Soluna Holdings Inc.'s operational execution and infrastructure reliability enhance its competitive edge in the green data center market by enabling efficient energy usage, optimizing performance, and fostering sustainable practices that attract environmentally-conscious clients.

Can you elaborate on the anticipated impact of the additional six megawatts of capacity at Project Dorothy on Soluna Holdings Inc. SLNH's financial performance and market positioning?

The additional six megawatts of capacity at Project Dorothy is expected to enhance Soluna Holdings Inc. (SLNH)'s financial performance by increasing revenue potential and operational efficiency, while also strengthening its competitive edge in the renewable energy market.

How does Soluna Holdings Inc. SLNH plan to leverage its proprietary software, MaestroOS™, to maximize the efficiency of its renewable-powered data centers in light of this expansion?

Soluna Holdings Inc. (SLNH) plans to leverage its proprietary software, MaestroOS™, to optimize energy consumption, enhance operational efficiency, and streamline the management of its renewable-powered data centers to support significant growth and sustainability initiatives.

**MWN-AI FAQ is based on asking OpenAI questions about Soluna Holdings Inc. (NASDAQ: SLNH).

Soluna Holdings Inc.

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