Soluna Holdings acquired the remaining 85.4% equity interest in Project Dorothy 1A from Spring Lane Capital for $16.5 million. The acquisition grants Soluna 100% ownership of the Project Dorothy 1A site in Silverton, Texas. Payment terms include $6 million at closing and the remaining balance due in July 2026. The company secured a $12 million unsecured promissory note maturing May 15, 2027, to help finance the transaction. This move is part of a broader strategy to vertically integrate the Dorothy campus for AI computing workloads.