Soluna Buys out Dorothy 1B as Bitcoin-to-AI Campus Conversion Advances

Soluna purchased the remaining 49% equity interest in Project Dorothy 1B from Navitas Global for about $8.8 million, gaining complete ownership of the 25-megawatt facility in Silverton, Texas. The acquisition follows Soluna’s earlier consolidation steps, including a $53 million purchase of the Briscoe Wind Farm and a $16.5 million buyout of Project Dorothy 1A. With Briscoe supplying 150 megawatts of owned renewable power and Soluna controlling 100% of both Dorothy 1A and 1B, Soluna assembled a generation-to-compute ownership chain across the 50-megawatt Dorothy 1 complex. Soluna said the move increases flexibility for transitioning the campus toward AI infrastructure. The Dorothy campus operates about 100 megawatts across three phases, with Dorothy 1A for bitcoin mining hosting, Dorothy 1B for proprietary mining, and Dorothy 2 for hosting operations with Spring Lane Capital as an investor.

"The company said Tuesday it purchased the remaining 49% equity interest in Project Dorothy 1B from Navitas Global for about $8.8 million, giving Soluna complete ownership of the 25-megawatt facility in Silverton, Texas. The deal marks the latest step in Soluna's consolidation of the Dorothy campus after its $53 million acquisition of the Briscoe Wind Farm and the earlier $16.5 million buyout of Project Dorothy 1A. With the Briscoe wind farm supplying 150 megawatts of owned renewable power and Soluna now controlling 100% of both Dorothy 1A and 1B, the company has assembled what it described as a fully integrated generation-to-compute ownership chain across the 50-megawatt Dorothy 1 complex."

"Chief Executive John Belizaire said the latest acquisition gives Soluna greater flexibility over how and when the campus transitions toward AI infrastructure. Completing the acquisition of Dorothy 1 is an important step in our broader roadmap toward building Dorothy 3 for AI and high-performance computing, Belizaire said in a statement. The Dorothy campus currently operates roughly 100 megawatts across three phases. Dorothy 1A is a 25-megawatt bitcoin mining hosting facility, while Dorothy 1B operates 25 megawatts dedicated to proprietary mining."

"Dorothy 2 contributes another 48 megawatts primarily for hosting operations, where Spring Lane Capital remains an investor. Earlier this month, Belizaire told TheEnergyMag that Soluna intends to relocate existing mining customers from Dorothy 1A to other facilities within its portfolio as part of a longer-term plan to convert the campus for AI and HPC workloads. The company has said it is bifurcating its operations by separating bitcoin mining and AI infrastructure into different sites, with future bitcoin operations focused more on hosting rath"

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