Soluna Holdings, Inc. announced on October 10, 2025 that it has entered into a 3.3 MW hosting partnership with KULR Technology Group, Inc. The agreement will see Soluna operate Bitcoin‑mining capacity for KULR at its Project Sophie facility in Kentucky, and is the first time Soluna has partnered with a Bitcoin‑treasury company.
KULR is a Bitcoin‑plus treasury firm that has committed up to 90 % of its excess cash to Bitcoin. The partnership allows KULR to engage in mining through Soluna’s renewable‑powered data center, providing a reliable, low‑cost, and sustainable infrastructure for its treasury strategy. Operations under the new lease are slated to begin in Q4 2025.
This deal diversifies Soluna’s revenue base by adding a treasury‑focused customer, broadening its market beyond traditional mining operators. It also signals growing demand for renewable‑energy‑powered mining solutions among institutional treasury managers, positioning Soluna to capture future growth in this niche segment.
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