M&A
confidence high
sentiment positive
materiality 0.85
Soluna closes $53M acquisition of 150 MW Briscoe Wind Farm; projects $6-11M Adj. EBITDA
Soluna Holdings, Inc
- Closed $53.0M cash-and-debt acquisition of 150 MW wind farm in West Texas; financed with $12.5M debt from Generate Capital and balance sheet cash.
- Year-One projected Adj. EBITDA of $6M-$11M and annualized revenue of $20M-$24.4M; acquisition expected to be immediately accretive.
- Vertical integration for Project Dorothy; plans to develop Dorothy 3, a 300 MW+ AI compute campus on 300 adjacent acres.
- Company’s development pipeline exceeds 4.3 GW across multiple sites including Project Kati 1 (83 MW) and Kati 2 (300+ MW).