Soluna Q1 revenue up 58% YoY; signs JV for Kati 2 (350MW) with Metrobloks; buys Dorothy 1B

Soluna Holdings, Inc

Q1 2026 revenue up 58% YoY; Bitcoin hosting revenue up 178% YoY; 147 MW under management.
Soluna now holds 100% of Dorothy 1 campus after acquiring full ownership of Project Dorothy 1B.
Signed definitive JV for Kati 2 (350+ MW AI/HPC); Soluna contributed ~$3.5M and committed ~$19M for Phase II land.
Distribution waterfall: Soluna gets repaid, 14% IRR, $100k/MW, then 50/50 with Metrobloks.
Regained Nasdaq compliance; engaged top-tier investment bank for Kati 2 capital raising.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Soluna Holdings, Inc entered into Joint Venture Agreement with DC Kati Venture LLC (effective 2026-06-03).

Action: entry
Agreement: collaboration
Counterparty: DC Kati Venture LLC
Effective: 2026-06-03

Exact text from the filing

on June 3, 2026 (the "Effective Date"), Soluna HPC KK II HoldCo, LLC (the "Soluna Member"), a wholly owned subsidiary of Soluna HPC, Inc., a wholly owned subsidiary of the Company, entered into a limited liability company agreement (the "Joint Venture Agreement") with DC Kati Venture LLC (the "Metrobloks Member") to govern the terms of operation of Soluna MB KK II JVCo, LLC (the "Joint Venture").

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Soluna Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001493152-26-027852

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