Approximately $8.8M Acquisition Closes the Vertically Integrated Ownership of Dorothy 1, Positioning the Campus for AI Conversion

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 acquisition of the remaining equity interest in Project Dorothy 1B ("D1B") from Navitas Global, for approximately $8.8 million. The transaction gives Soluna complete equity ownership of D1B, located in Silverton, Texas, and marks the next step in the Company's consolidation of equity ownership across the Dorothy campus, following the $53 million acquisition of the Briscoe Wind Farm and the $16.5 million acquisition of Project Dorothy 1A earlier this year.

The Company is actively evaluating opportunities related to Dorothy 2 as part of its broader campus development strategy. Soluna's development pipeline now exceeds 4.3 gigawatts, including more than 1 gigawatt of projects in development, construction, and operations.