Applied Digital, Soluna Agree to Joint Venture for 50 MW AI Data Center in Texas
Bitget2026/10/21 11:38- Applied Digital entered a definitive agreement with Soluna to develop a 50 MW AI data center at Dorothy 3 in Texas.
- The planned joint venture would be 51%-owned by Applied, with Soluna holding 49%.
- Soluna would contribute land and power-related assets; its partner would provide development capital.
- The facility would draw power from Briscoe Wind Farm and the grid; ChronoScale signed a nonbinding letter of intent to lease it.
- Closing is expected by year-end 2026, subject to conditions including a Briscoe County tax abatement and definitive agreements.
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