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Story perspectives

Crypto Firms Embrace Renewable Energy with New Ventures

10/11/2025

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Story summary
  • KULR Technology Group and Soluna Holdings will operate 3.3 MW of Bitcoin mining capacity at Soluna's Project Sophie in Kentucky, marking a shift toward renewable energy in the crypto sector.
  • IREN Limited has expanded its AI Cloud capacity to 23,000 GPUs and targets over $500 million in annual revenue by Q1 2026.
  • Both companies emphasize the importance of renewable energy in their operations.