Mar. 16 at 4:02 PM
$SLNH Soluna’s 2026 story is getting more concrete. Project Kati 1, an 83 MW wind-powered Texas data center, began energization in February and pushed available compute capacity above 200 MW. By the March business update, Soluna said the first 24 MW phase had reached substantial completion and full commissioning, with additional phases tracking through March. On the AI side, the Metrobloks partnership around Kati 2 targets 100+ MW initially with plans above 300 MW, and Soluna said it is engineering a 350 MW Tier 3 AI campus while discussing MSAs, financing, and single-tenant prospects. The bull case is obvious now: move from stranded-power concept to real energized capacity and AI campus buildout. The catch is capital, especially after the March shelf filing for up to
$1B of securities, including a
$500M ATM.
