Soluna, Applied Digital form 51/49 JV for 50 MW AI data center at Texas Dorothy 3 site

Soluna Holdings, Inc

Applied Digital (APLD) to hold 51% and Soluna (SLNH) 49% of Project Company; Soluna contributes Dorothy 3 land and power assets, Applied supplies capital.
Planned 50 MW Phase 1 critical IT data center for AI/HPC near Silverton, Briscoe County, Texas, drawing power from the 150 MW Briscoe Wind farm and the grid.
ChronoScale (CHRN), majority-owned by Applied, signed a non-binding LOI to lease the facility; definitive lease terms not yet agreed.
Closing targeted by end of calendar year 2026, subject to Briscoe County tax abatement approval, title policies, corporate approvals, operating agreement, and power/lease pacts.
CEO John Belizaire said 'the constraint in AI is energy access, not chips,' citing Soluna's strategy of bringing load to generation.

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