Dorothy 3 JV with Soluna – 51% stake
Company: Applied Digital
The claim, verbatim
Applied Digital is expected to own 51% of the Dorothy 3 project company after closing. It would supply development capital, while Soluna retains 49% and contributes land and power-related assets. No dollar amount was given for Applied's capital contribution.
Source (primary)
Soluna Holdings agrees to 50 MW Texas AI partnership with Applied Digital - Mugglehead Investment Magazine (-, news_article)
View cached copy (2026-10-26)Live source ↗Archive.org ↗
Quote: “Applied Digital Corporation NASDAQ APLD , a U.S. developer and operator of large-scale AI data centres , is expected to own 51 per cent of the project company after closing. Soluna would retain 49 per cent, contributing land and power-related assets while Applied supplies development capital, according to Soluna's announcement.”
How we checked this
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Additional evidence
confirms Soluna Holdings agrees to 50 MW Texas AI partnership with Applied Digital - Mugglehead Investment Magazine
Quote: “Applied Digital Corporation NASDAQ APLD , a U.S. developer and operator of large-scale AI data centres , is expected to own 51 per cent of the project company after closing. Soluna would retain 49 per cent, contributing land and power-related assets while Applied supplies development capital, according to Soluna's announcement.”
confirms Soluna and Applied Digital Plan 50 MW AI Data Center in Texas - www.tokenpost.com
Quote: “Applied Digital is expected to hold a 51% stake and provide development capital. Soluna is expected to own 49% and contribute land and power-related project assets.”