Soluna & Canaan: Bitcoin Mining With Renewable Energy
Soluna Holdings and the crypto mining hardware manufacturer Canaan Inc. have established a new hosting agreement.
The deal will see Canaan deploy 20MW of its Avalon A15 XP Bitcoin miners at Soluna’s Project Dorothy data centre, located in Texas.
This collaboration highlights a growing trend in the fintech and digital asset space where high-performance computing applications, such as Bitcoin mining and AI, are increasingly powered by renewable energy sources.
The partnership is set to bolster Soluna’s portfolio as a developer of green data centres.
For Canaan, it provides an expanded footprint in North America with access to cost-efficient and reliable infrastructure for its mining hardware.
This move could signal a strategic alignment between hardware producers and sustainable energy providers within the cryptocurrency sector.
“Soluna is thrilled to develop this new partnership with an industry leader like Canaan,” says John Belizaire, CEO of Soluna.
John adds: “This agreement reflects our shared commitment to delivering high-performance computing solutions powered by renewable energy. With Project Dorothy 2 now online and operational, we're doubling down on our mission to make renewable energy a global superpower.”
Deploying next-generation mining hardware
The deployment is planned for the first quarter of 2026 and involves hardware capable of approximately 1 exahash per second (EH/s) of computing power.
Canaan’s Avalon A15 XP units are engineered for efficiency and resilience.
Their integration into Soluna’s wind-powered facility highlights the sustainability objectives of both firms.
The Project Dorothy facility runs primarily on behind-the-meter wind power but also maintains a connection to the grid to ensure operational uptime.
This hybrid setup allows the data centre to provide performance and stability while managing cost efficiency.
“Our partnership with Soluna is another significant step in advancing our North American self-mining strategy,” says Nangeng Zhang, Chairman and CEO of Canaan.
Nangeng adds: “Each of the partnerships that we have entered into brings a new dimension to our efforts to expand within the region, and we are excited to work with Soluna and utilise their cutting-edge data centre.”
Combining reliable operations with cost efficiency
The unique advantage of the Project Dorothy site is its ability to combine dependable operations with compelling cost metrics by using a dual power source.
The grid connection ensures high uptime, a critical factor for profitable Bitcoin mining, while the primary reliance on wind power helps to manage energy expenses.
Nangeng continues: “The site primarily runs on behind-the-meter wind power but can also draw from the grid to ensure very high uptime. This is a unique advantage that combines reliable operations with compelling cost efficiency. Coupling our efficient and resilient Avalon A15 XP miners with Soluna's infrastructure should be a win for both companies.”
The Project Dorothy campus is a central component of Soluna’s wider strategy to construct digital infrastructure powered by renewable energy.
The company is currently developing over 2.8GW of renewable computing projects.
These are designed to monetise surplus clean energy by supporting high-demand workloads like Bitcoin mining and AI.
This approach addresses the dual challenges of reducing the curtailment of green energy and providing the scalable infrastructure needed for compute-heavy industries.
Strategic expansion for Soluna and Canaan
For Soluna, the agreement with Canaan represents a key step in scaling its renewable-powered business model.
With its Project Dorothy 2 facility now operational, Soluna is demonstrating that forming partnerships with technology providers is crucial to monetising its substantial pipeline of energy capacity.
For Canaan, the project aligns with its broader strategy to grow its presence in North America.
This expansion comes at a time of increasing global demand for secure and efficient blockchain infrastructure.
By partnering with data centre operators like Soluna, Canaan strengthens its capacity to deploy advanced hardware in regions with plentiful renewable energy.
This collaboration aims to show that large-scale mining operations can be hosted sustainably in facilities designed to integrate renewable power effectively.
