Soluna JV for 50MW Project Dorothy 3
Company: Applied Digital
The claim, verbatim
Applied Digital signed a definitive agreement with Soluna Holdings to form a joint venture to develop the first phase of Project Dorothy 3, a planned 50 MW critical IT AI/HPC data center near Silverton, Texas; Applied Digital funds development for a 51% controlling stake, Soluna contributes land and power assets for 49%.
Source (primary)
Applied Digital Shares Climb on 50MW Texas AI Data Center Joint Venture and Roth/MKM Buy Call - finance.biggo.com (-, news_article)
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Quote: “Applied Digital will put up development capital in return for a 51% controlling stake in the project entity, while Soluna contributes land and power-related assets for the remaining 49%.”
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Additional evidence
confirms Applied Digital Shares Climb on 50MW Texas AI Data Center Joint Venture and Roth/MKM Buy Call - finance.biggo.com
Quote: “Applied Digital will put up development capital in return for a 51% controlling stake in the project entity, while Soluna contributes land and power-related assets for the remaining 49%.”