Dealsjoint venture
Applied Digital × Soluna · Dorothy 3A joint venture
Signed since Agent-reviewed
Soluna entered into a definitive subscription agreement with Applied Digital on Oct. 20, 2026 to form STX JV Holdings, a jointly owned company to develop Dorothy 3A in Briscoe County, Texas; Applied Digital is to hold 51% and contribute cash, Soluna 49% through a ground sublease and power assets.
Participants & roles
- Applied DigitalpartnerSource
51% owner; contributes cash, with credit for funded development and long-lead equipment costs.
- Source
Terms as stated
Closing expected on or before Dec. 1, 2026, extendable to no later than Dec. 31, 2026; ground sublease of 99 years.
Announced
Figures as stated
No figure is recorded with sufficient source support.
Status history
- Signed
Soluna's 8-K files the executed Oct. 20, 2026 subscription agreement for the joint venture.
Soluna Holdings (Form 8-K, Item 1.01) ↗Agent review