Soluna Holdings Enters Joint Venture with Applied Digital for 50MW AI/HPC Data Center

Soluna Holdings, Inc. has entered into a joint venture with Applied Digital to develop a 50MW AI and high-performance computing data center in Texas. Applied Digital will own 51% of the venture, while Soluna will hold 49%. The project is contingent on tax exemption approvals and is expected to close before the end of 2026. Additionally, a letter of intent for a triple-net lease from ChronoScale aims to enhance the facility's economic viability.