Soluna has closed the $53 million acquisition of the 150 MW Briscoe Wind Farm in West Texas, bringing the power asset behind Project Dorothy under its own ownership. The deal is expected to contribute $20 million to $24.4 million in annualized revenue and $6 million to $11 million in Year-One Adjusted EBITDA, while giving Soluna direct control over the energy source, land, and compute stack tied to its existing Dorothy campus.

What changed is structural. This is not another renewable-powered data center partnership. Soluna has moved from power offtaker to power owner, which gives it tighter control over energy cost, availability, and expansion timing. In the AI infrastructure race, that matters more than simple co-location.

The commercial signal is clear. Dorothy 3 now has a credible path to become a 300 MW+ renewable-powered AI campus on 300 adjacent acres. That scale story is exactly where buyer and operator behavior is moving: toward de-risked assets, integrated platforms, and power-linked infrastructure near high-growth load demand. Enerdatics has already highlighted that U.S. investors are prioritizing de-risked assets and increasingly favoring integrated power platforms as data-center demand reshapes energy M&A.  

This also strengthens Soluna’s positioning versus developers still relying on third-party PPAs. Similar shifts are visible across broader U.S. power and storage M&A, where execution certainty and infrastructure control are driving premiums. See our coverage of [U.S. renewable M&A trends], [battery storage deal signals], and the broader [energy transition M&A] market.

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