Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 75

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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 Rosa in Snyder, Texas, which is expected to be up to 187 MW of data center capacity for AI and Bitcoin Hosting
and other computing-intensive applications. It will be co-located with a 242.5 MW wind farm. We have signed term sheets for
both power and land purchase agreements in connection with this project.

44

Our
Growth Strategy

Our
growth strategy is focused on expanding our pipeline of renewable energy-powered data center projects and accelerating their development
through joint ventures, co-ownership structures, and other strategic partnerships. Over time, we intend to increase our ownership stake
in these projects to enhance long-term value.

We
believe our renewable energy project pipeline—currently estimated at over 2.8 gigawatts (GW)—represents our most valuable
strategic asset. We believe this pipeline has the potential to support the development of approximately 300 to 400 MW of new digital
infrastructure annually over the next six to eight years.

In
parallel with new project development, we are refining our operational model across existing sites to position ourselves as a partner
of choice for both AI/HPC colocation and Bitcoin Hosting.

We
continue to grow our pipeline by increasing the number of curtailment assessments completed with power generation partners. These assessments
serve as a precursor to securing exclusive Power Purchase Agreements (“PPAs”), acquiring or leasing land, and executing other
pre-construction development activities necessary to advance projects to shovel-ready status.

In
2025, we are focused on advancing the following key initiatives:

    ●
    Power
    Pipeline Expansion – Increasing the number of curtailment assessments completd with power partners, advancing more projects to shovel-ready
status, and executing additional project term sheets.

    ●
    AI
    Infrastructure Development – Form partnerships to harness the value of our considerable and growing pipeline by developing AI/HPC data center
joint ventures. Building governance, advisory and employee AI/HPC expertise in support of expected growth strategy.

    ●
    Project
    Optimization – Energize Project Dorothy 2, and enhancing the profitability, operational efficiency, and customer mix of our operational
data centers, while improving overall customer satisfaction.

    ●
    Capital
    Formation – Pursuing financing opportunities to support key growth initiatives, including Projects Kati and Rosa.
    Leveraging strength of project cash flows to refinance and/ or pull forward value of existing projects and to deploy debt financing
    in new projects.

Recent
Developments

Chief
Financial Officer Resign