Bitdeer is betting on renewable energy in Texas. The company is deploying 28 MW of bitcoin mining equipment at Soluna's wind energy site, known as Kati 1. This move is expected to add about 1.93 EH/s to the operator's total hash rate, a significant contribution under current market conditions.
Synergy of wind and computing
Installation will begin in September and will be carried out in stages. A key feature of the project is a direct connection to the Las Majadas wind farm, whose total capacity reaches 83 MW. Bitdeer will provide its own ASIC miners, the Sealminer A2 Pro Air, while Soluna will provide infrastructure, electricity, and operational management. Mining revenues will be distributed between the partners, although the financial details and terms of the agreement remain undisclosed.
This project is a vivid example of how mining is becoming a flexible tool for monetizing surplus "green" energy. Soluna places data centers directly at generation sources, turning available capacity into computational load without building costly power transmission lines. Notably, Kati 1 is just the first phase: the company is already designing a second phase of over 100 MW for AI and HPC tasks, confirming the trend toward diversification.
Market context: consolidation and stagnation
The deal comes amid Bitdeer's impressive growth. As of the end of June, the company's operational hash rate reached 73 EH/s, increasing by more than 340% year-over-year. This allowed it to overtake longtime leader MARA, while other public miners, except Bitdeer, reduced their realized hash rate by 21% since the fourth quarter of 2025.
The bitcoin network, meanwhile, shows stagnation: on August 23, difficulty decreased by 1.3% to 125.81 T, returning to mid-February levels. The smoothed hash rate stands at 867.4 EH/s, continuing a downward trend from the October peak of 1.15 ZH/s, when the asset's price was at all-time highs.
Migration to AI gains momentum
In parallel, the industry is actively shifting toward artificial intelligence. In the first half of 2026, 15 public miners and AI operators invested $30.7 billion in equipment—42.6% more than in the entire previous year. Revenue from HPC and AI cloud for nine miners jumped 52% in the second quarter to $205.8 million.
A striking example is TeraWulf, which received approval from Kentucky regulators for power supply to a 482 MW data center for a 20-year contract with Anthropic for 401 MW of critical IT load. This agreement is expected to generate about $19 billion in revenue. At the same time, Bitdeer has already signed a five-year contract worth $400 million, covering half the capacity of its Malaysian data center A102.
My analysis: The partnership with Soluna is not just an attempt to "green" its image. It is a strategic move that reduces operational risks and dependence on volatile electricity prices. However, amid stagnating difficulty and a mass exodus to AI, the success of such projects will depend on miners' ability to maintain profitability in the face of fierce competition for capital and energy resources.