secwatch.observer — SEC 8-K summary
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Issuer:     Solaris Energy Infrastructure, Inc. (SEI)
CIK:        0001697500
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001193125-25-107559
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.02, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solaris forms AI data center JV, reports preliminary Q1 revenue $126M and EPS $0.14
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- Formed Stateline JV with CTC; contributed $86.4M assets for 50.1% equity, CTC $86M for 49.9%.
- JV to provide off-grid power for AI data center; represents ~900 MW (53% of Solaris Power Solutions generation).
- Preliminary Q1 2025: revenue $126.3M, net income $13.0M, diluted EPS $0.14, Adjusted EBITDA $46.9M.
- Cash $16.7M, no borrowings on revolver; $49.4M availability as of March 31, 2025.
- Class action lawsuit filed March 28, 2025, alleging misleading statements re MER acquisition; company to defend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697500/000119312525107559/0001193125-25-107559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697500/000119312525107559/d939534d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-107559

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer