Soluna's Project Dorothy 2 Prepares To Deliver $14M In Potential Operating Profit
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings, Inc. (SLNH) announced that its Project Dorothy 2, a 50 MW data center co-located at a wind farm in Texas, has passed the ERCOT modeling phase. This marks a significant step towards finalizing financing and starting the bidding process for the project's expansion. Project Dorothy 2, focusing on Bitcoin hosting and AI, is expected to generate up to $14 million in additional annual operating profits and boasts a low carbon footprint. The project is now moving towards finalizing construction costs and financing options.
March 14, 2024 | 12:14 pm
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Soluna Holdings' Project Dorothy 2, a green data center for Bitcoin hosting and AI, has passed the ERCOT modeling phase, signaling progress towards its completion. The project is expected to significantly boost the company's operating profits by up to $14 million annually.
Passing the ERCOT modeling phase is a critical regulatory milestone that allows Soluna Holdings to proceed with finalizing financing and construction bids for Project Dorothy 2. The project's potential to generate significant operating profits and its emphasis on renewable energy sources are likely to be viewed positively by investors, potentially leading to a short-term positive impact on SLNH's stock price.
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