Soluna Holdings announced it has acquired the remaining equity interest in Project Dorothy 1B (D1B) from Navitas Global for approximately $8.8 million, completing the company’s equity consolidation of the Dorothy 1 campus in Silverton, Texas.
The acquisition gives Soluna full ownership of D1B and advances the company’s strategy to vertically integrate renewable energy generation and high-performance computing infrastructure. The deal follows Soluna’s earlier $53 million acquisition of the Briscoe Wind Farm and the $16.5 million acquisition of Project Dorothy 1A earlier this year.
With the Briscoe Wind Farm supplying 150 megawatts of owned renewable energy and Soluna now controlling both D1A and D1B, the company has assembled full generation-to-compute ownership across 50 megawatts at Project Dorothy 1. Soluna said the ownership structure is intended to support future conversion of the campus for AI and high-performance computing workloads while also strengthening its positioning for the development of Dorothy 3, the company’s next-phase AI infrastructure project.
The transaction closed on May 19, 2026. Soluna purchased the remaining 49% equity interest in D1B using balance sheet cash, bringing its ownership stake in the project to 100%.
Soluna also said it is evaluating opportunities related to Dorothy 2 as part of its broader campus development plans. The company noted that its development pipeline now exceeds 4.3 gigawatts, including more than 1 gigawatt of projects in development, construction, and operations.
John Belizaire, CEO of Soluna, said the acquisition strengthens the company’s roadmap for AI and high-performance computing infrastructure development.
KEY QUOTE:
“Completing the acquisition of Dorothy 1 is an important step in our broader roadmap toward building Dorothy 3 for AI and high-performance computing. We can now decide when and how we convert, bring in the right partners on our terms, and present Dorothy 3 to AI customers as a fully controlled, powered campus.”
John Belizaire, CEO, Soluna Holdings
