---
title: "Soluna Forms Kati 2 JV With DC Kati Venture; Commits Up to $21M and 350 MW Plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289182479.md"
description: "Soluna Holdings formed a joint venture with DC Kati Venture for Project Kati 2, a 350 MW data center development in Texas. Soluna committed up to $21 million and contributed the Phase I property. The project includes a 100 MW Phase I and 250 MW Phase II. Soluna is entitled to capital repayment, a 14% IRR, and specific distributions before profit splitting."
datetime: "2026-06-09T11:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289182479.md)
  - [en](https://longbridge.com/en/news/289182479.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289182479.md)
---

# Soluna Forms Kati 2 JV With DC Kati Venture; Commits Up to $21M and 350 MW Plan

Soluna entered into a Limited Liability Company Agreement with DC Kati Venture to form and govern a joint venture for Project Kati 2, a multi-phase data center development in Willacy County, Texas. Phase I targets 100 MW of critical IT capacity, followed by a 250 MW Phase II. Soluna contributed the Phase I property, a purchase agreement for Phase II, and funded about $3.5 million of operating expenses, and committed approximately $19.0 million for the Phase II property plus up to $2.0 million for additional operating costs. Distributions to Soluna include repayment of capital, a 14% IRR, and $100,000 per Gross PPA MW before splitting additional proceeds 50/50 with DC Kati Venture.

**Agreement details:**

-   **Agreement type**: Limited liability company agreement for a joint venture to develop Project Kati 2 data centers
-   **Counterparty**: DC Kati Venture
-   **Signed / Effective**: Jun 03 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Develop Kati 2 data center with 350 MW capacity in Texas

Original SEC Filing: Soluna Holdings, Inc \[ SLNH \] - 8-K - Jun. 09, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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