Soluna Holdings (NASDAQ: SLNH) announced that Galaxy Digital (NASDAQ: GLXY) will relocate its proprietary bitcoin mining operations to a 48 MW expansion at Project Kati 1 in Texas, bringing the site to its full 83 MW capacity after clearing tax abatement approvals. Construction is expected to begin before the end of August.
Soluna expects Kati 1 to be operational in Q1 2026 and called the deal its largest single‑partner deployment to date, following a recent 30 MW rollout with another miner. Galaxy is slated to be the first customer to start mining at the site once construction is complete.
Under the arrangement, Soluna will provide power infrastructure and operations, and deployment is scheduled across Q1–Q2 2026. Soluna also noted a prior $5 million loan facility with Galaxy established in Q1 2025 and said the expansion would lift its operating capacity to 206 MW when fully deployed.
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At time of publication, SLNH is up 4.5% during pre-market hours.
