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Soluna and Applied Digital form joint venture for 50MW Texas data center

Soluna Holdings and Applied Digital Corporation agreed to form a jointly owned company to develop a planned 50-megawatt artificial intelligence data center at Project Dorothy 3 in Briscoe County, Texas.

Where
Silverton, Briscoe County
When
October 20, 2026
Sources
Reported by 3 outlets

Counties: Briscoe

Taxes and money

The sources don't state an effect on taxes. They do state these figures.

  • Soluna's 49% interest valuation$18,750,0002 Who pays or receives it: Soluna Holdings
  • Applied Digital cash contribution$19,515,3062 Who pays or receives it: Applied Digital
  • Applied Digital warrant for common shares$0.74 per share2 Who pays or receives it: Soluna Holdings

Does this affect you?

Coming up

  • Tuesday, December 1, 2026. Joint venture closing expected2

Who's involved

  • Soluna Holdingscompany forming joint venture, holding 49% stake
  • Applied Digital Corporationcompany forming joint venture, holding 51% stake

The facts

  • Soluna will hold 49% stake and Applied Digital will hold 51% stake in project company.2
  • Project Dorothy 3 will develop approximately 75 megawatts gross capacity or 50 megawatts of Critical I.T. capacity.2
  • Closing is expected on or before December 1, 2026, with extensions permitted to December 31, 2026.2
  • 100 megawatts of firm delivered power capacity is available at Oncor's Tule Canyon Substation, with 75 megawatts allocated to project.2

How they headlined it

The same event, as each outlet put it. Marked words appear in only one outlet's headline.

  • Soluna Holdings, Inc. (SLNH) Forms JV for 50MW Texas AI Data Center

    TradingView

  • Soluna Holdings agrees to 50 MW Texas AI partnership with Applied Digital

    Mugglehead Investment Magazine

  • Soluna Forms 51/49 JV with Applied Digital for 50 MW Texas AI Data Center

    Minichart

Sources

Outlets: 2 not rated Who's covering Texas →

These outlets were found through Google News headlines. Google decides which outlets appear there, and they lean mostly one way, so this sheet can only be as balanced as the reporting it was built from. Leanings are AllSides Media Bias Ratings.

  1. Soluna Holdings, Inc. (SLNH) Forms JV for 50MW Texas AI Data Center TradingView Not rated, October 21, 2026
  2. Soluna Forms 51/49 JV with Applied Digital for 50 MW Texas AI Data Center Minichart Not rated, October 21, 2026

Also reported by Mugglehead Investment Magazine.

This sheet was written by AI from the sources above and adds nothing they don't state. Read the originals for full context.

Spot an error on this sheet?

All corrections and updates

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