Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 97

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 120 MW data center co-located with a 200 MW wind farm in South Texas. The
wind farm is owned by a new power partner–a multinational conglomerate that focuses on developing and managing sustainable infrastructure
solutions, with a strong emphasis on renewable energy, water management, and services, aiming to contribute to a low-carbon economy and
a better planet.

Project
Ellen

We
have signed a term sheet for power for Project Ellen, a new 100 MW data center co-located with a 145 MW wind farm in South Texas. The
wind farm is owned by a new power partner—a leader in renewable energy and sustainable infrastructure both in the U.S. and internationally.
Project Ellen will be developed in two 50MW phases, leveraging wind energy to drive sustainable computing at scale.

Project
Annie

We
have signed a term sheet for power for Project Annie, a new 75 MW data center co-located with a 114 MW solar farm in Northeast Texas.
The solar farm is owned by a new power partner–a leader in renewable energy and sustainable infrastructure both in the U.S. and
internationally.

Project
Fei

We
have signed a term sheet for power for Project Fei is a 100 MW data center in development co-located with a 240 MW utility-scale solar
farm, Soluna’s second solar-based project to date. Developed in partnership with a global leader in energy infrastructure investment,
Project Fei will convert underutilized solar energy into clean, high-performance computing power. The project is currently advancing
through land acquisition, power contract negotiation, and ERCOT interconnection planning.

Project
Gladys

We
have signed a term sheet for power for Project Gladys is a 150 MW facility in development, which will be co-located with a 226 MW wind
farm and developed in partnership with a prominent U.S.-based independent power producer (“IPP”) managing over $40 billion
in assets and more than 80 energy facilities nationwide. The project is currently advancing through land acquisition, power contract
negotiation, and ERCOT interconnection planning.

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