Soluna (SLNH) Corporate presentation summary

Acquisition and strategic integration

• Acquired the 150 MW Briscoe Wind Farm in Texas for $53 million, achieving full vertical integration at Project Dorothy and securing energy for Dorothy 3 AI expansion.

• Briscoe directly powers Dorothy 1 & 2, enabling immediate revenue and expected Adjusted EBITDA accretion in the first year.

• The acquisition was financed with $12.5 million in debt from Generate Capital and balance sheet cash.

• Provides energy foundation for a new 300-acre Dorothy 3 AI campus, supporting up to 300 MW of capacity.

Financial impact and projections

• Projected Year-One Adjusted EBITDA is $6 million to $11 million, with annualized revenue of $20 million to $24.4 million.

• Acquisition is expected to generate immediate cash flow and be Adjusted EBITDA accretive in the first year.

• Non-dilutive financing structure preserves capital discipline.

Industry positioning and growth strategy

• Vertical integration bypasses grid interconnection queues, accelerating AI infrastructure deployment.

• Direct access to on-site generation and ERCOT grid enables faster, more reliable power for high-performance computing.

• Expansion runway supports long-term AI growth, leveraging renewable energy for sustainable compute.