Bitdeer to Deploy 28 MW at Soluna’s Texas Wind-Powered Bitcoin Mine
Bitdeer (BTDR) will deploy 28 MW of Bitcoin mining equipment at Soluna's (SLNH) Texas wind-powered data center, adding 1.93 EH/s capacity. Deployment begins September. Soluna's Q2 revenue rose 60% to $15.1M, with Kati 1 generating first positive gross profit. Bitdeer's co-mining capacity was 15.9 EH/s in June.
How this was made
The 30-second read
Why it matters
The deal increases Bitdeer's co‑mining capacity by ~12% and provides Soluna with additional hash power, supporting both companies' growth in the green‑mining sector.
Market read
New partnership could modestly lift both stocks and underscores the trend toward renewable‑energy‑backed crypto mining.
What to watch
Potential regulatory or grid constraints in Texas could affect the project's profitability.
Background
Bitdeer and Soluna expand their partnership, deploying Bitdeer's Sealminer A2 Pro Air machines at Soluna's wind‑powered Kati 1 facility.
Ticker impact
Bitdeer announced a 28 MW deployment of Bitcoin miners at Soluna's Texas wind‑powered data center, adding ~1.93 EH/s.
Modest upside for BTDR as co‑mining capacity expands.
The deployment represents ~12% of Bitdeer's co‑mining hash rate, but scale is limited and timing is months away.
Soluna secured a revenue‑sharing partnership with Bitdeer for its Kati 1 wind‑powered mine, boosting utilization of its 83 MW data center.
Slight upside for SLNH as the partnership may improve margins.
The agreement adds 1.93 EH/s to Soluna's operations, enhancing its revenue growth trajectory.
Market effects
Highlights growing interest in renewable‑energy‑powered Bitcoin mining, may spur further green‑mining projects.
Boosts Texas renewable‑energy and crypto mining ecosystem.
Adds to the narrative of sustainable crypto mining worldwide.
Counterpoint
The modest scale and delayed ramp‑up may limit near‑term price impact; investors should watch execution risk.
Key entities
- CompanyBitdeer
NASDAQ‑listed Bitcoin mining operator (BTDR).
- CompanySoluna
NASDAQ‑listed renewable‑energy Bitcoin mining provider (SLNH).
