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KULR Technology and Soluna Announce Partnership for 3.3MW Bitcoin Mining Capacity Hosting at Project Sophie Facility in Kentucky.
ByAinvest
Friday, Oct 10, 2025 8:48 am ET1min read
KULR Technology has partnered with Soluna to operate approximately 3.3MW 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.
KULR Technology Group, Inc. (NYSE American: KULR) has announced a new hosting partnership with Soluna Holdings, Inc. (NASDAQ: SLNH) to operate approximately 3.3 megawatts (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 Bitcoin miners and hyperscalers.Under the agreement, Soluna will operate and manage KULR's mining infrastructure under a "Bitcoin Mining Lease" structure that provides guaranteed hashrate and uptime performance. The partnership aligns with KULR's Bitcoin Treasury Accumulation Strategy, which includes allocating up to 90% of its excess cash reserves to Bitcoin.
John Belizaire, CEO of Soluna, stated, "This partnership represents a new chapter in how we serve the market. 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." Michael Mo, CEO of KULR Technology Group, added, "This collaboration supports KULR’s commitment to strategic innovation in digital asset management. Partnering with Soluna allows us to engage in Bitcoin mining through a renewable, reliable, and operationally efficient framework."
Operations at Project Sophie are expected to commence in the fourth quarter of 2025. The partnership reflects Soluna's strategy to adapt its renewable-powered hosting model to meet the developing demand profiles of Bitcoin mining and adjacent industries.
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. The 3.3 MW deployment is expected to enhance KULR’s operational efficiency and reliability in Bitcoin mining, starting in Q4 2025.
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