Home Computing Soluna Holdings Project Dorothy 1 Reaches Full Capacity of 50 MW By Investing.com

Soluna Holdings Project Dorothy 1 Reaches Full Capacity of 50 MW By Investing.com

by Amelia Ramiro

Soluna Holdings, the parent company of Soluna Computing, has announced the completion of Project Dorothy 1, a green data center for Bitcoin mining and other intensive computing applications. The project has reached its full capacity of 50 MW, bringing Soluna’s total under management to 2.6 EH/s.

Project Dorothy 1 focuses on sustainability and enabling more renewable energy on the grid. It has achieved a record-breaking power usage effectiveness (PUE) of 1.01, meaning it is highly energy efficient. The completion of Project Dorothy 1B, which includes the deployment of 50 MW of Bitcoin mining machines, further strengthens Soluna’s position in the market.

Soluna CEO, John Belizaire, commented, “We’ve had a busy summer ramping Project Dorothy through record high temperatures. As we approach the peak wind months and cooler temperatures in Texas, we have achieved a key milestone to complete Project Dorothy 1 and bring it to its 50 MW capacity.”

In addition to the completion of Project Dorothy 1, Soluna has made progress on other projects, including Project Dorothy 2 and Project Kati. The company has also made operational improvements, including significant reductions in SG&A.

Soluna has also been working on mitigating curtailment for renewable energy power projects. The company has monetized 1,286 MWh of wasted energy, which is equivalent to driving an electric car for more than 4.8 million miles.

The completion of Project Dorothy 1 comes at an opportune time for Soluna, as the cooler months in Texas are expected to bring high winds and lower power prices. The company also achieved its first monthly positive EBITDA in July and has reduced G&A costs.

Soluna’s MaestroOS, its proprietary data center management software, continues to flawlessly manage the power, operations, and curtailment of data centers. The company has also released an updated video of Project Dorothy.

Overall, Soluna Holdings has achieved significant milestones with the completion of Project Dorothy 1 and the deployment of 50 MW of Bitcoin mining machines. The company’s focus on sustainability and enabling more renewable energy on the grid sets it apart in the industry. With its strong cash balance and positive EBITDA, Soluna is well-positioned for future growth.

You may also like