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Cryptocurrencies: 23580
Markets: 87541
Market Cap: $2,462,068,391,601     
24h Vol: $192,020,616,365
Seeking Alpha 2023-02-06 14:15:46

Soluna's Dorothy facility one step closer to energization after passing modeling phase

Soluna's Dorothy facility one step closer to energization after passing modeling phase
Soluna Holdings' ( NASDAQ: SLNH ) Project Dorothy, its 50 megawatt flagship green data center co-located at a winds farm in Texas, has passed the modeling phase of the regulatory process , it said Monday. The approval allows the facility to move into the operations phase and paves the way for Soluna ( SLNH ) "to make concrete financing and operational plans to energize the site," said Michael Toporek, the company's CEO. The facility, at initial deployment of 50 MW, holds up to 16K miners and will add up to 2.2 exahashes per second of bitcoin ( BTC-USD ) mining capacity to SLNH's total mining capacity, it said. At its full deployment of 100 MW, Dorothy could run 4.4 EH/s of computing power utilizing ultra-low cost renewable energy. SLNH drifted higher by 3.6% to $0.43 in premarket trading. In December 2022, Soluna ( SLNH ) said Dorothy will start energizing in Q1 2023.
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