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🏢 官网IRSLNHCodex · 实盘不做把握 4/10不做原因:风险收益比不佳
北京时间·🕒 发布 19:59:04·⟳ 抓取 20:01:35 +2m31s·⚡ 决策 08-25 20:05:11 +3m36s·62.9 天前

Soluna与Bitdeer签署Kati 1项目28MW比特币共挖部署协议

Soluna方向偏利好,但协议金额与利润分成缺失、Kati 1前序进展已广泛铺垫,且无法确认盘前可成交价格和抢跑程度,风险收益不足以给ENTER。

📄 原文SLNH↗ 原文
Soluna and Bitdeer Enter 28 MW Agreement at Project Kati 1
Deployment adds approximately 1.93 EH/s at Soluna’s largest operating site ALBANY, NY, August 25, 2026 – Soluna Holding…
不做 Soluna Holdings, Inc.(SLNH.US)
事件方向利好但不够可交易:28MW为Kati 1既有容量后续填充,协议未披露分成和收入承诺,且缺少真实盘前行情确认入场价与price-in程度。
不做 Bitdeer Technologies Group(BTDR.US)
事件对Bitdeer只是自有矿机部署地点安排,不是收入订单或指引上调,相对公司规模缺少可量化正向surprise。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

Soluna获得Bitdeer约28MW、1.93EH/s共挖部署,能提高Kati 1利用率并分享挖矿收益,事件本身对Soluna正向;但Kati 1此前已有Galaxy 48MW和83MW站点进展披露,本次缺少收入承诺和分成比例,无法量化相对Soluna收入、市值和利润的新增弹性,因此不追盘前交易。

🔎 新鲜度:最早出现 2026-08-25 · 扩散 medium · price-in 风险 medium ↗ ↗ ↗

消息传播链

  1. 2026-08-25 07:59 ET首发Soluna IR一手源原文 ↗
    Soluna官网一手发布Bitdeer将在Kati 1部署28MW、1.93EH/s矿机的共挖协议。

关键理由

  • Bitdeer约28MW部署可提升Soluna Kati 1利用率,并把Soluna收益暴露从托管延伸到挖矿产出分成。
  • 量级上,28MW约为Kati 1 83MW容量的三分之一,但实际收入和利润增量取决于未披露的分成比例、比特币价格和矿机上线节奏。
  • 对Bitdeer而言,该事件主要是自有Sealminer设备部署安排,不是新增外部收入订单。

主要风险

  • 协议没有披露最低收入、收益分成比例、利润率或完成部署约束,业绩增量无法可靠量化。
  • Kati 1建设、83MW容量和Galaxy 48MW部署此前已有披露,本次可能只是后续容量填充,短线price-in风险不低。

反向证据

  • 做多前查反向 · 来源 web · 日期 2025-08-12 · 影响 weakens
    Galaxy 48MW作为Kati 1首个运营伙伴已在此前披露,本次Bitdeer 28MW不是该站点首次大客户验证。
    检索:Soluna Kati 1 Galaxy 48 MW Project Kati prior deployment 原文 ↗
  • 做多前查反向 · 来源 filing · 日期 2026-08-25 · 影响 weakens
    本次正文未披露最低收入、收益分成比例、利润率或保证上线条款,无法估算订单占收入和市值比例。
    检索:Soluna Bitdeer 28 MW co-mining agreement revenue share terms 原文 ↗

先例如何影响了这次决策

对本次决策的影响:先例降低本次仓位和入场积极性;在缺少分成和实时价格时,正向事件不足以升级为ENTER。

方向:同主体项目进展和客户部署先例方向偏正,但本次是后续28MW容量填充而非首次锚定客户。

涨幅量级:没有高相似且已量化日线样本,不能据此设定可交易tp/sl幅度。

形态:可得样本显示Kati 1相关进展会进入市场视野,但未证明后续未披露金额协议有稳定短线edge。

历史先例(按相似度)

  • 相似度 7/10 SLNH 2025-08-12 Soluna宣布Galaxy Digital将在Project Kati 1部署48MW并成为该站点首个运营伙伴。 原文 ↗
    事件后 +1日 +16.2% · +2日 +22.3% · +3日 +26.7% · +4日 +15.6% · +5日 +15.6%
    ⚠来源层级不符(声明issuer/实为media)·未核对目标相位 — 该行涨幅别用来定止盈止损
    相似度依据:同一主体、同一Kati 1站点、同为比特币挖矿客户部署协议,但Galaxy 48MW为首个锚定客户且规模更大。
    经验:同一站点首次大客户部署的信号强于后续容量填充,不能把前者弹性直接外推到本次。
  • 相似度 6/10 SLNH 2026-02-10 Soluna披露Kati 1获ERCOT批准并启动分阶段通电,确认83MW站点推进。 原文 ↗
    事件后 +1日 -6.2% · +2日 -11.4% · +3日 -13.4% · +4日 -16.1% · +5日 -19.5%
    ⚠来源层级不符(声明issuer/实为media)·锚前1-2日已异动38.6%>锚定日6.2% — 该行涨幅别用来定止盈止损
    相似度依据:同一主体、同一Kati 1资产,但机制是项目通电和站点里程碑,不是客户共挖协议。
    经验:项目通电确认资产可用性,但后续交易仍需要经济条款和客户贡献来判断短线弹性。

原文全文

展开原文 · 5,944 字
Deployment adds approximately 1.93 EH/s at Soluna’s largest operating site

ALBANY, NY, August 25, 2026 – Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced that one of its subsidiaries has entered into an agreement with Dory Creek, LLC, a wholly owned subsidiary of Bitdeer Technologies Group (“Bitdeer”) (NASDAQ: BTDR), a world-leading technology company for AI and Bitcoin mining infrastructure. Under the agreement, Bitdeer will deploy approximately 28 MW of Bitcoin mining equipment, representing approximately 1.93 EH/s of hash rate, at Soluna’s Project Kati 1 in South Texas. Hash rate is measured in exahashes per second (EH/s) and reflects the computing power dedicated to Bitcoin mining. The agreement provides for deployment beginning in September 2026, ramping in batches.

Project Kati 1 is an 83 MW wind-powered data center in Willacy County, Texas. The site delivered its first gross profit in the second quarter of 2026. The Bitdeer deployment is located in the site’s K1BC phase.

The agreement takes the form of a co-mining arrangement, a new structure for Soluna’s Bitcoin platform. Soluna provides the site, power, and turnkey operations; Bitdeer provides and owns its Sealminer A2 Pro Air mining equipment, and the parties share in the mining proceeds the deployment generates.

“Every megawatt we have energized taught us something about how to run this infrastructure well,” said John Belizaire, CEO of Soluna. “Co-mining is a natural extension of that operating history. It puts our track record to work in a structure where we participate more directly in what the infrastructure produces, alongside a partner that builds some of the most capable machines in the industry.”

Soluna has 192 MW of data center capacity in operation across Project Sophie in Kentucky and Projects Dorothy 1, Dorothy 2, and Kati 1 in Texas, with an additional 14 MW under construction at Kati 1. The Company’s development pipeline totals 6.3 GW across projects in planning, development, and assessment with power partners.

For more information, visit www.solunacomputing.com .

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business, including the anticipated timing and completion of the deployment described in this release, the expected hash rate and capacity contribution of that deployment, the expected economics of the co-mining structure, and the Company’s development pipeline. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar statements. Soluna may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of the press release, and Soluna undertakes no duty to update such information, except as required under applicable law.

About Soluna Holdings, Inc. (Nasdaq: SLNH)

Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The Company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit solunacomputing.com and follow us on:

LinkedIn: linkedin.com/company/solunaholdings

X (formerly Twitter): x.com/solunaholdings

YouTube: youtube.com/c/solunacomputing

Newsletter: bit.ly/solunasubscribe

Resource Center: solunacomputing.com/resources

Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly.

About Bitdeer Technologies Group

Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive computing solutions for its customers. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan, amongst other countries.

To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ Bitdeer and LinkedIn @ Bitdeer .

Contacts

West of Fairfax for Soluna

Soluna@westof.co

The post Soluna and Bitdeer Enter 28 MW Agreement at Project Kati 1 appeared first on Soluna .

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