Soluna Signs 3.3MW Bitcoin Mining Deal for Treasury Firm

Cryptomine and HPC data center developer Soluna has announced a 3.3MW hosting partnership with KULR Technology at its Project Sophie facility in Kentucky. Under this Bitcoin mining lease structure, Soluna will offer 3.3MW of Bitcoin mining capacity at its Kentucky site. KULR will purchase the relevant mining hardware, and Soluna will guarantee preset hashrate and uptime targets.

John Belizaire, CEO of Soluna, highlighted the first-time nature of working alongside a treasury company, noting the evolving demand for such arrangements. Belizaire said: “This partnership represents a new chapter in how we serve the market. Treasury companies like KULR are increasingly seeking sustainable, high-performance computing infrastructure to diversify their digital asset strategies. We’re proud to pioneer a flexible hosting model that meets this evolving demand,” said Belizaire.

Michael Mo, CEO of KULR Technology Group, added: “This collaboration supports KULR’s commitment to strategic innovation in digital asset management. Partnering with Soluna allows us to engage in Bitcoin mining through a renewable, reliable, and operationally efficient framework."

“This is only the beginning, Mo continued, adding: “As KULR expands beyond Bitcoin mining and migrates into Battery Backup Unit (‘BBU’) solutions, Soluna stands out as the ideal partner for future projects focused on sustainable, low-cost AI data center hosting powered by stranded renewable energy,” he said.