Soluna’s Project Dorothy 2 Prepares to Deliver $14M in Potential Operating Profit
John Belizaire, CEO of Soluna Holdings, commented, “Through our experience successfully energizing our 50 MW first phase of Project Dorothy, we have a blueprint to bring Project Dorothy 2 online faster and more efficiently.
- John Belizaire, CEO of Soluna Holdings, commented, “Through our experience successfully energizing our 50 MW first phase of Project Dorothy, we have a blueprint to bring Project Dorothy 2 online faster and more efficiently.
- According to the company’s financial modeling, Project Dorothy 2 has the potential to generate up to $14 million of additional annualized project-level operating profits1 for the Company in Bitcoin Hosting revenue.
- Low Carbon Footprint - In late August 2023, the Company completed the construction and fully ramped Project Dorothy 1.
- To date, Soluna has received several proposals for financing Project Dorothy 2 and is close to completing diligence.