Applied Digital, Soluna Agree to Joint Venture for 50 MW AI Data Center in Texas

• Applied Digital entered a definitive agreement with Soluna to develop a 50 MW AI data center at Dorothy 3 in Texas.
• The planned joint venture would be 51%-owned by Applied, with Soluna holding 49%.
• Soluna would contribute land and power-related assets; its partner would provide development capital.
• The facility would draw power from Briscoe Wind Farm and the grid; ChronoScale signed a nonbinding letter of intent to lease it.
• Closing is expected by year-end 2026, subject to conditions including a Briscoe County tax abatement and definitive agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY77436) on October 21, 2026, and is solely responsible for the information contained therein.