Soluna to hold 49% of Texas AI data center venture with Applied Digital
Soluna Holdings entered a definitive agreement to form a jointly owned Project Company with Applied Digital to develop a planned 50 MW critical IT data center at its Project Dorothy 3 site near Silverton, Texas. Applied is expected to hold 51% of the Project Company and Soluna 49%, with Soluna contributing land and power-related assets and Applied providing development capital. Closing depends on conditions including approval of a Briscoe County tax abatement and definitive leases, and the filing gives no financial figures for the project.
Key points
- Applied Digital expected to hold 51% and Soluna 49% of the Project Company after closing.
- Phase 1 is a planned 50 MW critical IT data center, expected to draw power from the 150 MW Briscoe Wind Farm and the grid.
- Closing requires approval of a Briscoe County tax abatement and definitive leases and power agreements; transactions are expected to close by the end of the calendar year.
- ChronoScale Holdings, majority-owned by Applied Digital, signed a non-binding letter of intent to lease the facility, with no assurance a definitive lease will be signed.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.