Crypto Currency Tracker logo Crypto Currency Tracker logo
Seeking Alpha 2023-06-14 13:26:45

Soluna buys 8.25K crypto mining rigs for Texas data center

Soluna ( NASDAQ: SLNH ) said Wednesday it bought 8.25K Bitmain Antminer S19s, S19j Pro and S19j Pro+ for its 25 MW Project Dorothy 1B data center in Texas . The acquisition is expected to result in 860 PH/s of hashrate, with an average efficiency of 29.9 joules per terahash (J/TH), and at a cost of $11.25 $/TH. The first five buildings (~6 MW) in the project are set to be energized by the end of June. The rest will be completed and energized in Q3. The site's run-rate revenue from mining is ~$18M annually. Project Dorothy 1B is a mining joint venture between Soluna ( SLNH ) and Navitas Global. "Our team is focused on getting Dorothy phase 1A and 1B fully operational early this summer," said Soluna ( SLNH ) CEO John Belizaire. "We've put in place strong commercial deals with great revenue potential." Earlier, Soluna ( SLNH ) installed over 14.6K bitcoin mining machines at its Texas and Kentucky sites .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.