KULR partners with Soluna for 3.3 MW Bitcoin mining capacity at Project Sophie.

KULR Technology Group, a Bitcoin+ treasury company, has partnered with Soluna Holdings to host approximately 3.3 MW of Bitcoin mining capacity at Soluna's Project Sophie facility in Kentucky. This marks Soluna's first partnership with a Bitcoin treasury-focused company, expanding its customer base beyond traditional miners and hyperscalers. The partnership aims to provide sustainable, high-performance computing infrastructure for KULR.

Houston, Oct. 09, 2025 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR), a Bitcoin+ treasury company specializing in frontier technology businesses, has entered into a strategic partnership with Soluna Holdings, Inc. (NASDAQ: SLNH), a developer of green data centers for intensive computing applications. Under this agreement, Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky KULR Technology Group and Soluna Announce 3.3 MW Hosting Partnership at Project Sophie^[1].

The partnership marks the first time Soluna has collaborated with a Bitcoin treasury-focused company, expanding its customer base beyond traditional Bitcoin miners and hyperscalers. "This partnership represents a new chapter in how we serve the market," said John Belizaire, CEO of Soluna. "Treasury companies like KULR are increasingly seeking sustainable, high-performance computing infrastructure to diversify their digital asset strategies. We’re proud to pioneer a flexible hosting model that meets this evolving demand."

The agreement reflects Soluna’s strategy to adapt its renewable-powered hosting model to meet the developing demand profiles of Bitcoin mining and adjacent industries. "This collaboration supports KULR’s commitment to strategic innovation in digital asset management," said Michael Mo, CEO of KULR Technology Group. "Partnering with Soluna allows us to engage in Bitcoin mining through a renewable, reliable, and operationally efficient framework."

The 3.3 MW deployment at Project Sophie is expected to commence operations in Q4 2025, further strengthening Soluna’s leadership in sustainable computing infrastructure. Under the partnership, KULR will leverage Soluna’s operational and market expertise to purchase, service, and manage all activities associated with its fleet of mining hardware over the life of the contract. Through this new “Bitcoin Mining Lease” structure, Soluna will deliver guaranteed hashrate and uptime targets to KULR on a daily and monthly basis.

As more established companies like KULR explore Bitcoin as part of their treasury strategy, Soluna’s model offers a mutually beneficial pathway to guaranteed hashrate without the operational complexity of mining. This partnership supports KULR’s Bitcoin Treasury Accumulation Strategy, announced earlier this year, in which KULR committed up to 90% of its surplus cash reserves to Bitcoin. Through its new hosting framework, Soluna empowers Bitcoin+ companies such as KULR to tap into the benefits of Bitcoin mining while avoiding the common challenges of market volatility and legacy infrastructure constraints.