Bitdeer is betting on renewable energy by placing its ASIC units at Soluna's wind energy facility in Texas. This concerns the Kati 1 site, where equipment with a total capacity of 28 MW will be deployed, adding approximately 1.93 EH/s of hashrate to the company. This step not only strengthens Bitdeer's computing power but also highlights the trend toward environmentally friendly mining in the industry.
The Synergy of Wind and Computing
Equipment installation will begin in September and will be carried out in stages. A key feature of the project is direct access to the energy of the Las Majadas wind farm, which powers Kati 1. The total capacity of this data center is 83 MW, leaving significant room for scaling. Bitdeer will supply its own miners, the Sealminer A2 Pro Air, while Soluna will handle infrastructure, power supply, and operational management. Mining revenues will be distributed between the partners, although the financial details of the agreement remain undisclosed.
For Soluna, this project is another step in monetizing "green" energy through computing workloads. By placing mining directly at the generation source, the company turns excess wind power into a liquid asset—bitcoin. At the same time, Soluna is already looking to the future: the second phase of Kati involves creating over 100 MW of infrastructure for AI and HPC workloads, diversifying its business model.
Market Context: Consolidation and Diversification
Bitdeer continues to demonstrate impressive momentum, surpassing MARA in installed capacity. As of the end of June, the company's operational hashrate reached 73 EH/s, up 340% year-over-year. This contrasts with the overall trend: excluding Bitdeer, public miners have reduced realized hashrate by 21% since the fourth quarter of 2025. Against this backdrop, bitcoin network difficulty is stagnating—on August 23, it decreased by 1.3% to 125.81 T, returning to mid-February levels.
The industry is clearly undergoing a phase of transformation. While network hashrate declines from the peak values of October 2025 (1.15 ZH/s), miners are actively migrating toward the AI segment. In the first half of 2026, 15 public companies invested $30.7 billion in equipment—42.6% more than in the entire previous year. Revenue from HPC and AI cloud services among nine major players, including Core Scientific and TeraWulf, grew by 52% quarter-over-quarter. TeraWulf, for example, received approval to build a 482 MW data center in Kentucky for a 20-year contract with Anthropic, which could generate around $19 billion in revenue.
My take: The Bitdeer and Soluna deal is not just an expansion of capacity but a strategic signal to the market. In an environment where traditional mining faces margin pressure, control over cheap renewable energy becomes a key competitive advantage. However, long-term success will depend on companies' ability to balance between bitcoin mining and high-margin AI services.