Soluna Holdings is a publicly traded Bitcoin ($BTC) A mining and AI infrastructure firm targeted on renewable power introduced Thursday that it has signed a $53 million deal to amass a wind farm to energy its upcoming Mission Dorothy 3 AI knowledge heart campus.
The Brisco Wind Farm in Brisco County, Texas, has the capability to generate as much as 300 megawatts (MW), the corporate mentioned in a press release.
The corporate initiatives the power will generate annual revenues of between $20 million and $24.4 million.
Soluna inventory rose about 7.6% on the information and is buying and selling at about $0.76 on the time of writing.
Soluna expanded into AI knowledge heart infrastructure in February 2024 as the whole business pivoted to AI and high-performance computing infrastructure to assist declining revenues from crypto mining operations.
Associated: AI knowledge heart gold rush sparks debate over affect on Bitcoin mining
Miners embrace renewable power options as income come beneath stress
The Bitcoin mining business faces a number of financial headwinds, together with declining block rewards, rising power prices, and compressed revenue margins, with many corporations working close to or beneath break-even.
In accordance with a March 2026 report from asset administration agency CoinShares, as much as 20% of mining corporations are usually not worthwhile.
In accordance with CoinShares, the common value to mine a single Bitcoin rose to just about $80,000 within the fourth quarter of 2025. Bitcoin is at the moment buying and selling properly beneath that stage.
“This autumn 2025 was essentially the most difficult quarter for Bitcoin miners for the reason that April 2024 halving,” the report mentioned.
In accordance with CoinShares, the market crash in October 2025, when Bitcoin plummeted from an all-time excessive of $125,000 to a low of about $60,000, and the rise in community hashrate are placing additional stress on the business.
Bitcoin mining firm sells over 15,000 $BTC It was offered from October to early March to cowl working prices, and gross sales have continued at a tempo in latest weeks.
A number of Bitcoin mining corporations, together with The Pheonix Group and Sangha Renewables, are adopting renewable power options to energy their operations and stay aggressive in a difficult enterprise surroundings.
Canaan, a mining {hardware} manufacturing and mining firm, partnered with Soluna to deploy a wind energy system in September. $BTC Mining facility in Brisco, Texas.
Associated: AI might already be utilizing extra electrical energy than Bitcoin, threatening Bitcoin mining
