Soluna Agrees to Form Strategic Partnership with Applied Digital to Develop Wind-Powered AI Data Center in Texas

Soluna Holdings, Inc. (Nasdaq: SLNH) ("Soluna"), a developer of green data centers for intensive computing applications including artificial intelligence ("AI"), today announced that it has entered into a definitive agreement (the "Transaction Agreement") to form a jointly owned company (the "Project Company") with Applied Digital Corporation (NASDAQ: APLD) ("Applied") to develop a planned 50 MW critical IT data center for AI and HPC (the "Project") at Project Dorothy 3, Soluna's development sit