KULR Technology Group, Inc. (NYSE American: KULR) has entered a hosting partnership with Soluna Holdings, Inc. (NASDAQ: SLNH) for approximately 3.3 megawatts of Bitcoin mining capacity at Soluna’s Project Sophie facility in Kentucky.

The agreement marks Soluna’s first collaboration with a Bitcoin treasury-focused company. 

Soluna will operate and manage KULR’s mining infrastructure under a “Bitcoin Mining Lease” structure that provides guaranteed hashrate and uptime performance.

“This partnership represents a new chapter in how we serve the market,” said John Belizaire, CEO of Soluna. 

Belizaire added that the partnership reflects growing demand from treasury firms for sustainable, high-performance computing infrastructure.

“This collaboration supports KULR’s commitment to strategic innovation in digital asset management,” said Michael Mo, CEO of KULR Technology Group. 

Mo stated that the partnership enables renewable Bitcoin mining and positions Soluna as a key partner for future sustainable data center initiatives.

According to Custom Market Insights, the global BBU market is projected to grow from $29.22 billion in 2025 to $43.64 billion by 2034.

Operations at Project Sophie are expected to begin in the fourth quarter of 2025. 

The partnership aligns with KULR’s Bitcoin Treasury Accumulation Strategy, announced earlier this year, which includes allocating up to 90% of its excess cash reserves to Bitcoin.

Share this article
The link has been copied!