Soluna acquires remaining 49% of Project Dorothy 1B for $8.8M, now 100% owner

Soluna Holdings, Inc

Acquired remaining 49% equity of Project Dorothy 1B from Navitas Global for ~$8.8M cash; closed May 19, 2026.
Post-acquisition, Soluna owns 100% of Dorothy 1B, completing full equity control of D1A and D1B on the Dorothy 1 campus.
Combined with earlier $53M Briscoe Wind Farm and $16.5M D1A acquisitions, Soluna now controls 50 MW of generation-to-compute at Dorothy 1.
Unencumbered ownership is a prerequisite for converting the campus from Bitcoin mining to AI and HPC workloads.
Soluna's development pipeline exceeds 4.3 GW, including over 1 GW in development, construction, and operations.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Soluna Holdings, Inc entered into Membership Interests Purchase Agreement with Navitas West Texas Investments SPV, LLC valued at approximately $8.8 million (effective 2026-05-19).

Action: entry
Agreement: asset purchase
Counterparty: Navitas West Texas Investments SPV, LLC
Value: approximately $8.8 million
Effective: 2026-05-19

Exact text from the filing

On May 19, 2026, Soluna Digital, Inc. (the “Purchaser”), a wholly owned subsidiary of Soluna Holdings, Inc. (the “Company”), entered into a Membership Interests Purchase Agreement (the “MIPA”) with Navitas West Texas Investments SPV, LLC (the “Seller”), Navitas Advisors, LLC, and Soluna DV ComputeCo, LLC (the “Dorothy 1B Project Company”), pursuant to which the Purchaser acquired 49% of the issued and outstanding membership interests in the Dorothy 1B Project Company from the Seller.

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23 material agreements filed in the last 30 days. Browse all material agreements →

Soluna Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001493152-26-024511

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