Soluna Holdings is a publicly traded Bitcoin ($BTC) A mining and AI infrastructure company focused on renewable energy announced Thursday that it has signed a $53 million deal to acquire a wind farm to power its upcoming Project Dorothy 3 AI data center campus.
The Brisco Wind Farm in Brisco County, Texas, has the capacity to generate up to 300 megawatts (MW), the company said in a statement.
The company projects the facility will generate annual revenues of between $20 million and $24.4 million.
Soluna stock rose about 7.6% on the news and is trading at about $0.76 at the time of writing.
Soluna expanded into AI data center infrastructure in February 2024 as the entire industry pivoted to AI and high-performance computing infrastructure to support declining revenues from crypto mining operations.
Related: AI data center gold rush sparks debate over impact on Bitcoin mining
Miners embrace renewable energy solutions as profits come under pressure
The Bitcoin mining industry faces several economic headwinds, including declining block rewards, rising energy costs, and compressed profit margins, with many companies operating near or below break-even.
According to a March 2026 report from asset management company CoinShares, up to 20% of mining companies are not profitable.
According to CoinShares, the average cost to mine a single Bitcoin rose to nearly $80,000 in the fourth quarter of 2025. Bitcoin is currently trading well below that level.
“Q4 2025 was the most challenging quarter for Bitcoin miners since the April 2024 halving,” the report said.
According to CoinShares, the market crash in October 2025, when Bitcoin plummeted from an all-time high of $125,000 to a low of about $60,000, and the rise in network hashrate are putting further pressure on the industry.
Bitcoin mining company sells over 15,000 $BTC It was sold from October to early March to cover operating costs, and sales have continued at a pace in recent weeks.
Several Bitcoin mining companies, including The Pheonix Group and Sangha Renewables, are adopting renewable energy solutions to power their operations and remain competitive in a challenging business environment.
Canaan, a mining hardware manufacturing and mining company, partnered with Soluna to deploy a wind power system in September. $BTC Mining facility in Brisco, Texas.
Related: AI may already be using more electricity than Bitcoin, threatening Bitcoin mining
