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Soluna funds $53M wind farm to power AI facility for Bitcoin mining

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Crypto Breaking News

Soluna Holdings, a publicly traded Bitcoin mining and AI infrastructure firm focused on renewable energy, disclosed a $53 million deal to acquire the Briscoe Wind Farm in Briscoe County, Texas. The purchase is aimed at powering its upcoming Project Dorothy 3 AI data center campus. The Briscoe facility carries a potential capacity of up to 300 megawatts (MW), and Soluna expects the site to generate annualized revenue in a range of $20 million to $24.4 million. On the news, Soluna’s shares rose about 7.6%, trading near $0.76 per share.

Soluna has been diversifying beyond crypto mining since February 2024, expanding into AI data center infrastructure in the midst of a broader industry pivot toward AI and high-performance computing to shore up revenues as mining profits faced pressure.

Related coverage on the strategic shift and its implications for the crypto mining sector provides additional context for readers following this transition.

Key takeaways

  • Soluna commits to a wind-powered expansion with the Briscoe Wind Farm, potentially adding up to 300 MW of capacity to feed its Dorothy 3 AI campus.
  • The project is expected to generate $20–$24.4 million in annual revenue, illustrating a shift toward diversified infrastructure revenue streams for crypto-focused operators.
  • Industry profitability remains under pressure: CoinShares reports show up to 20% of mining companies aren’t profitable as of early 2026, with miners facing higher energy costs and flattening block rewards.
  • Mining economics have deteriorated: the average cost to mine one BTC rose to nearly $80,000 in Q4 2025, while Bitcoin traded well below that level amid a volatile price environment.
  • Hashrate growth and balance-sheet strain have driven renewed emphasis on renewables, with several operators adopting wind and solar solutions to reduce exposure to traditional energy markets.

Wind power as a hedge for an evolving sector

The Briscoe Wind Farm purchase aligns with Soluna’s broader strategy of integrating renewable energy with cutting-edge compute capacity. The company’s plan to power Dorothy 3 with wind capacity reflects a longer-term thesis: align infrastructure assets with revenue streams less tied to the cyclical swings of crypto mining. Soluna previously highlighted its foray into AI hosting and co-location services as part of a February 2024 expansion into AI data center infrastructure, signaling a deliberate pivot away from relying solely on volatile mining rewards.

In September, Soluna also announced a collaboration with Canaan, a major mining hardware manufacturer, to deploy a wind-powered BTC mining facility at the Briscoe site. That partnership underscores a dual objective: leveraging renewable energy to improve mining cost structures while integrating AI-focused data center capabilities to diversify cash flows.

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The move comes amid a broader industry environment where operators are rethinking energy strategies. The growing emphasis on renewables is partly driven by the need to reduce exposure to asymmetric power costs and by the search for predictable, long-term capacity utilization that AI and HPC workloads can provide.

Industry profitability in the crosshairs

The mining sector continues to grapple with a convergence of challenges. A March 2026 report from asset manager CoinShares notes that a sizable portion of miners are operating at or near breakeven, with as many as 20% of surveyed firms not profitable in that period. The report attributes slipping margins to several factors, including the halving cycle’s aftermath, elevated energy costs, and a tougher price environment for BTC.

The trajectory of Bitcoin prices has also weighed on miners. CoinShares notes that the October 2025 market crash pulled BTC from a peak near $125,000 to around $60,000, a move that compressed margins further as network hashrate continued to climb. The rising hashrate implies more competition for block rewards, intensifying the push for cost-efficient energy and hardware strategies.

In response, several miners have been retreating to renewable energy and smarter energy arrangements. The industry’s energy-cost sensitivity is evident in the fact that miners sold more than 15,000 BTC between October and early March to cover operating expenses, with selling continuing into recent weeks. The pivot to renewables, including partnerships and wind/solar-powered facilities, has become a cornerstone of efforts to sustain operations in a tighter profitability environment.

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Renewable deployments are not limited to Soluna’s circle. Other operators—such as The Phoenix Group and Sangha Renewables—have begun integrating renewables to power mining operations, highlighting a broader market trend: energy resilience is increasingly a competitive differentiator for miners facing margin compression.

The momentum around AI-oriented data centers and renewable energy co-location has also fed into broader industry discussions about how Bitcoin mining can coexist with high-demand compute workloads. A related piece of coverage has explored whether AI buildouts could crowd out or compete with mining for energy resources, a dynamic that investors are watching closely as the sector evolves.

What changes, and what remains uncertain

Soluna’s strategic bet on a wind-powered, high-capacity data center campus signals an ongoing effort to diversify revenue beyond commodity mining rewards. The Briscoe deal illustrates how renewable energy assets can bolster a capital-intensive plan to scale AI infrastructure while mitigating the sensitivity of traditional mining to price swings.

Yet the path forward is not without risk. The profitability gap for miners, volatile BTC pricing, and ongoing energy price dynamics remain central uncertainties. The success of Dorothy 3 will hinge on the pace of AI compute adoption, the cost of wind-energy integration, and the ability to sustain utilization at scale. Investors will also be watching how revenue from AI-focused data center operations compares to, and complements, traditional mining earnings over time.

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As the sector navigates a period of transition, market participants will likely scrutinize the economics of similar renewable-energy collaborations, the pace of AI demand growth, and the regulatory environment shaping both mining and data-center development.

Readers should monitor Soluna’s project updates, energy grid considerations in Texas, and how the company’s revenue projections progress against actual performance once the facility becomes operational. The evolving balance between AI infrastructure and mining economics will help determine whether renewables can reliably stabilize cash flows for crypto-native operators moving forward.

For context, Soluna’s objectives and the broader industry dynamics continue to be discussed in tandem with coverage on AI-hosting momentum and its potential impact on Bitcoin mining, underscoring a pivotal moment for the sector’s energy strategies and growth trajectories.

Source context: Soluna’s deal details and the Briscoe Wind Farm capacity were reported by Cointelegraph, while CoinShares provided analysis on mining profitability, energy costs, and hashrate dynamics. Market price references for Soluna shares come from Yahoo Finance, reflecting intraday movement around the announcement.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Crypto World

Crypto Donations a Challenge for Canadian Election Transparency

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Crypto Donations a Challenge for Canadian Election Transparency

A new bill in Canada, if passed, would ban political parties and other third parties in elections from accepting cryptocurrency donations in a bid to prevent election interference.

The Strong and Free Elections Act would also ban contributions made by money orders and prepaid cards, citing these methods as difficult to track.

The bill notes the potential for foreign actors to influence elections through difficult-to-trace digital payment methods, ensuring Canadian elections “remain free, fair and secure at all times,” according to Government House Leader Steven MacKinnon. 

Moreover, as the office of the Commissioner of Canada Elections told Cointelegraph, “The rapid and ongoing change in digital payments creates significant challenges and risks for law enforcement, including for our office.”

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Crypto creates problems for election transparency, gov’t officials say

The rules for political financing in Canada are complex. Two offices, the Commissioner of Canada Elections and Elections Canada, play “distinct but complementary” roles under the Canada Elections Act’s (CEA). The bill banning crypto political donations would make changes to this Act. 

The act first came into effect in 2000. Source: Government of Canada

Elections Canada, led by Chief Electoral Officer Stéphane Perrault, is responsible for conducting federal elections and administering the political financing regime. 

The Commissioner of Canada Elections, currently Caroline J. Simard, “is responsible for ensuring that the rules under the Act are complied with and enforced,” a commissioner spokesperson said.

For both agencies, cryptocurrencies present challenges to maintaining free and transparent elections. For the commissioner’s office these include “potential difficulties associated with tracing the source of funding.”

Perrault shared a similar sentiment at an October appearance at the Procedure and House Affairs Committee.

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“The problem with those instruments is that they do not provide transparency as to the original source of the contributor.”

He said that “a key principle of our system is that we know where the money comes from. There’s no, in my view, valid reason to use a prepaid instrument, a prepaid credit card, to provide money to a candidate or to a political party.”

Perrault acknowledged that they have legitimate uses elsewhere in the economy, “but in terms of financing parties and candidates, I do not believe they are appropriate.”

Crypto’s ‘non-moneyness’ creates an opening for foreign influence

Under current Canadian law, cryptocurrency qualifies as a legal, “non-monetary” contribution for political parties. Elections Canada told Cointelegraph they therefore must abide by certain reporting requirements.

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“For contributions over $200, the political entity must report the contributor’s name and address in its financial return.”

However, contributions up to $200, if the donor is a Canadian citizen or permanent resident not in the crypto business, are deemed “nil.”

According to Perrault, the rules for non-monetary donations up to $200 were initially included in the CEA “to allow small-value gifts of goods and services—those valued under $200 and made by a person not in the business of providing such a good or service.” He gave an example of cooking food for campaign staff or lending the use of a personal vehicle. 

This becomes more problematic when applied to crypto. Perrault said, “Although contributions of cryptocurrencies are non-monetary contributions under the CEA, the reality of cryptocurrency is that it functions increasingly like money.”

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“If a contribution were made in cryptocurrency, it could be seen as a means by which unregulated resources could enter the federal political financing regime.”

He officially recommended that parliament “prohibit making contributions in cryptocurrency and untraceable instruments.”

While the potential for abuse is there, Elections Canada noted that “generally speaking, cryptocurrencies are not widely used to raise funds at the federal level in Canada.”

However, “the reporting framework for contributions does not currently require entities to disclose when a contribution was made via cryptocurrency, so Elections Canada does not have official figures on this.”

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Crypto in Canadian politics: From convoys to Carney

Canada has displayed a relatively open, if cautious stance toward crypto. It became the first country to approve a spot Bitcoin exchange-traded fund in February 2021. 

Crypto has appeared in the political discourse before as well. In 2022, a series of blockades and protests against COVID-19 vaccine mandates for truck drivers quickly ballooned into nationwide demonstrations. On Jan. 22 that year, the first convoy of over 1,000 vehicles departed for Ottawa. Over the next few weeks, crowds occupied the streets of downtown Ottawa to protest then-Prime Minister Justin Trudeau’s Liberal government.

When the government used the Emergencies Act to freeze convoy organizers’ bank accounts, they took donations in crypto. According to CBC, the convoy raised over $20 million in crypto donations, $8 million of which was still unaccounted for by April 2022. 

Cryptocurrencies were hailed as a means to circumvent government control and take control over critical funding for the anti-vaccine protest movement. 

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Mathew Burgoyne, a digital currency lawyer based in Calgary, told the CBC, “There’s a huge limitation, as we’ve seen, with freeze orders when they relate to cryptocurrency wallets.”

Crypto entered the political arena again during the 2025 federal elections when Conservative candidate Pierre Poilievre made a number of statements and appearances promoting crypto and blockchain tech.

Related: Why Pierre Poilievre may not be Canada’s crypto savior

In one campaign lunch stop, he bought shawarma using the Bitcoin Lightning Network at Canadian chain Tahini’s, and he talked about Bitcoin while smoking hookah with the company’s vice president.

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Under current Prime Minister Mark Carney, the Canadian crypto industry is growing, but with a “regulate first” attitude from policymakers. In November, Parliament introduced the Canada Stablecoin Act as part of the budget, giving the Bank of Canada the power to regulate stablecoins in the country.

As it concerns political donations, some in the industry believe there are higher priorities right now. One industry source at a Canadian crypto firm told Cointelegraph that issues like stablecoin regulation, tokenization and payments modernization take precedence over political donations, which are still quite marginal, in their estimation.

They said that the industry doesn’t support a ban, but there are other policy decisions that present clearer opportunities for the industry to make a difference.

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