Bitdeer to Deploy 28 MW of Bitcoin Mining Rigs at Soluna's Wind-Powered Texas Site

Bitdeer (NASDAQ: BTDR) has agreed to install roughly 28 megawatts of Bitcoin mining equipment at a wind-powered Soluna (NASDAQ: SLNH) data center in South Texas, marking another step in the miner's push to expand its co-mining model at third-party facilities. The deployment is expected to add about 1.93 exahashes per second (EH/s) of computing capacity to Bitdeer's fleet, according to a statement released Tuesday.

The equipment will be placed at Soluna's Project Kati 1, an 83-megawatt data center in Willacy County that is supplied by the Las Majadas wind project. The facility began operations in February, and Soluna completed its initial 48-megawatt section in April, which was subsequently filled by Galaxy Digital, according to Soluna's first-quarter filing. Deployment of Bitdeer's machines is scheduled to begin in September and will ramp up in batches, the companies said.

Under the arrangement, Bitdeer will supply and retain ownership of its Sealminer A2 Pro Air machines, while Soluna will provide the site, electricity, and operational support. The two companies will share the mining proceeds generated by the equipment. The statement did not disclose the length of the agreement, the division of proceeds, anticipated revenue, or either company's investment under the deal.

The partnership comes at a time when both companies are navigating a rapidly evolving Bitcoin mining landscape. Soluna said earlier this month that Project Kati 1 generated its first positive gross profit during the second quarter, helping lift companywide revenue to $15.1 million, a 60% increase from the previous quarter. The improvement was aided by the ramp-up at Kati and contributions from another Texas site. Still, Soluna remains in a capital-intensive expansion phase as it develops additional Bitcoin mining and AI infrastructure, reflecting the broader industry trend of diversifying beyond pure cryptocurrency mining into high-performance computing services.

For Bitdeer, the planned installation builds on its co-mining business, in which company-owned machines are operated at third-party data centers. As of June, Bitdeer reported 15.9 EH/s of co-mining capacity and 56,000 rigs under such arrangements, alongside 73 EH/s of self-mining capacity. The proposed Kati deployment is equivalent to about 12% of its reported June co-mining hash rate, though that fleet may change before the Texas equipment is fully installed.

The move underscores the growing appeal of renewable-powered mining sites in regions like South Texas, where wind energy offers a cost-effective and environmentally friendly power source. For miners like Bitdeer, leveraging existing infrastructure at third-party sites reduces capital outlay and speeds up deployment, while site operators such as Soluna gain a steady revenue stream from underutilized capacity. Industry analysts see this revenue-sharing model as a pragmatic response to tightening margins and increased competition in the sector, as miners seek to optimize operational efficiency and manage power costs amid fluctuating Bitcoin prices.