Soluna Holdings has completed its $53 million acquisition of the 150 MW Briscoe Wind Farm in West Texas, marking a major step in its strategy to vertically integrate renewable energy generation with high-performance computing infrastructure.
The transaction, financed through a combination of $12.5 million in debt and balance sheet cash, is expected to immediately contribute to the company’s financial performance. Soluna projects year-one adjusted EBITDA of between $6 million and $11 million, alongside annualized revenue of $20 million to $24.4 million.
With the acquisition, Soluna now owns the full stack of infrastructure at its Project Dorothy site, including power generation, land, and data center operations. This vertical integration is designed to reduce reliance on third-party power purchase agreements and provide long-term energy certainty, a critical factor in scaling AI and high-performance computing workloads.
The Briscoe Wind Farm, equipped with GE Vernova turbines and connected to the ERCOT grid, will serve as the dedicated renewable energy source for Soluna’s growing digital infrastructure footprint.
The acquisition also positions the company to accelerate development of Dorothy 3, a planned 300+ MW renewable-powered AI campus on an adjacent 300-acre parcel. The expansion is intended to support generative AI and other compute-intensive applications, further strengthening Soluna’s role in the emerging AI infrastructure ecosystem.
Soluna continues to expand its broader development pipeline, which now exceeds 4.3 GW across multiple sites. This includes existing and planned projects such as Project Kati 1 and Kati 2, as well as additional greenfield opportunities.
The deal was supported by Generate Capital, reflecting continued institutional backing of Soluna’s integrated energy and computing strategy.
KEY QUOTES
“This closing is a transformative step in Soluna’s evolution. Energy sovereignty is the key durable moat in the AI infrastructure race. By owning the Briscoe Wind Farm, we have secured the cornerstone infrastructure needed to build an AI campus with up to 300 MW of capacity. This acquisition delivers on our founding vision: building a utility-scale digital infrastructure company powered by its own renewable energy.”
John Belizaire, CEO of Soluna Holdings, Inc.
