Soluna CFO on Texas power and that dormant $19M debt | Executive Interview

So, we're going to see our CFO, Mike Pichy, in the wings. We're kind of accelerating the timeline here. We were going to cover some of the earnings before. We'll do that after Mike gets off cuz he is Early bird gets the worm. >> showed up early. So, we got Yeah, let's bring him on up here. Hopefully, haven't

done a mic check. So, we're just going to bring him on. Let's do this. Mike, hello. >> Good. How are you? >> Great. And is it Mike Pichy or Mike or how do I say your last name? >> Pichy. And you got to use your hands. [laughter] >> Pichy and he's got the peach colored

polo, too. This man >> I'm on brand. >> So, Mike, thank you. Appreciate you joining. And for to to kick off our conversation, I want to start with some of the consolidations that we saw from Saluna over the first half of this year. So, we've got Dorothy 1 fully consolidated in terms of

equity interests, as I understand it. You also purchased the Brisco Wind Farm, 150 MW, in April. And this all leads towards a you know, Saluna furthering its stake in these sites that formerly it was either, you know, renting the power on the Brisco site. It's also where some of the operations sit. And also

consolidating that equity interest. Can you walk us through what actually changes opera operationally at these sites? And what can you do now that you couldn't do 6 months ago with this consolidation? >> Yeah, sure. Thank you for having me today. Operationally, nothing changes. We were already operating the sites as if we were the majority owner. In one case, we

did have more than 50%. But now that we have 100% control at both Dorothy 1A and 1B, that 50 MW of Bitcoin hosting capacity can continue to work, but it helps us in the future in terms of thinking about an AI campus just across the street from Dorothy 1 and Dorothy 2. So, our new AI