Soluna Acquires $53M Wind Farm to Power AI Facility

Soluna Holdings, a publicly traded Bitcoin mining and AI infrastructure company, has acquired a $53 million wind farm in Briscoe County, Texas, to power its upcoming Project Dorothy 3 AI data center campus. The Briscoe Wind Farm has a potential capacity of up to 300 megawatts, according to the company's announcement. The acquisition is expected to generate annualized revenue between $20 million and $24.4 million. Shares of Soluna have risen by approximately 7.6% following the news, trading at around $0.76 at the time of writing. The Bitcoin mining industry is facing significant economic challenges, including declining block rewards, rising energy costs, and compressed profit margins. Many companies are operating near or below breakeven levels, with up to 20% of mining firms reportedly unprofitable as of March 2026. The average cost to mine a single Bitcoin reached nearly $80,000 in the fourth quarter of 2025, according to a report from asset manager CoinShares. Bitcoin's current price is trading well below this cost level. The October 2025 market crash, which saw Bitcoin fall from an all-time high of around $125,000 to a low of about $60,000, has further strained the industry. Rising network hashrate has also increased operational pressures. During this period, Bitcoin mining companies sold over 15,000 BTC between October and early March to cover operating expenses, with selling activity continuing in recent weeks. Several firms, including The Pheonix Group and Sangha Renewables, have adopted renewable energy solutions to remain competitive. Canaan, a mining hardware manufacturer and mining company, partnered with Soluna in September to deploy a wind-powered Bitcoin mining facility at the Briscoe, Texas site. This collaboration underscores the industry's growing focus on renewable energy to power both mining and AI operations. Soluna's expansion into AI data center infrastructure, which began in February 2024, aligns with a broader industry shift toward high-performance computing and AI workloads to offset declining crypto mining revenues.