Soluna's Project Kati Advances with ERCOT Approval

Soluna Holdings, Inc. has successfully exited the Electric Reliability Council of Texas (ERCOT) planning phase for its Project Kati, announced in a press release. This milestone allows the company to move forward with construction and expansion plans for the project, which aims to deliver up to 166 MW of renewable energy capacity.

Project Kati is set to power advanced computing applications, including Bitcoin mining and artificial intelligence (AI). The project will be developed in two phases, with the first phase expected to provide 83 MW of capacity. Soluna is currently in the final stages of land negotiations and is seeking investors and joint venture partners to support the development of an AI data center at the site.

The company plans to begin construction in 2025, and upon completion of the first phase, Soluna will manage over 206 MW for Bitcoin mining and hosting. The project is named after Katalin "Kati" Karikó, a scientist known for her contributions to mRNA-based protein therapies.