Wind of Change: Soluna Ditches Hashrate for 300MW of Texas Breeze

Bitcoin miner Soluna just went all-in on wind — literally. The company closed a $53 million deal to acquire the Briscoe Wind Farm in Briscoe County, Texas, with a potential capacity of up to 300 megawatts. The goal? Power its upcoming Project Dorothy 3 AI data center campus. Apparently, hashrate is so 2023, and clean energy is the new block reward.

The move isn't exactly a surprise. Soluna expanded into AI infrastructure back in February 2024 as crypto mining revenues started looking less appealing than a rug pull at a family reunion. Turns out, when Bitcoin's price dips below the cost to mine it, miners start looking for exits faster than traders fleeing a shitcoin. The company forecasts the new facility will pull in between $20 million and $24.4 million in annualized revenue.

The market liked the pivot — shares jumped about 7.6% on the news, trading around $0.76. Nothing says "we believe in your AI pivot" like a single-digit percentage gain and sub-dollar share price. But hey, it's a win in this market.

Soluna isn't alone in the great migration. The Bitcoin mining industry is getting squeezed from every angle: declining block rewards, rising energy costs, and profit margins thinner than a Lightning Network invoice. According to CoinShares, up to 20% of mining companies aren't profitable right now. That's roughly one in five miners basically running a very expensive space heater business.

The average cost to mine a single BTC hit nearly $80,000 in Q4 2025 — and Bitcoin's trading well below that. Imagine paying $80K for something you can only sell for less. That's not mining, that's charity.

Q4 2025 marked the most challenging quarter for miners since the April 2024 halving, CoinShares noted. The October 2025 crash, which sent Bitcoin tumbling from around $125,000 to roughly $60,000, didn't help. Neither did the ever-rising hashrate. Nothing says "fun" like watching your hash rate compete with a million other boxes while BTC does its best impression of a falling knife.

Between October and early March, Bitcoin