Soluna shareholders will vote on Oct. 16 on increasing authorized common stock to 1 billion shares from 375 million and allowing the company to issue more than 20% of its outstanding shares under a standby equity agreement with YA II PN. The proposals would not automatically issue stock or ensure that Soluna raises the full $250 million available under the March facility, but approval would give management more flexibility to fund its AI, high-performance computing and Bitcoin infrastructure plans. Soluna had 246.7 million shares outstanding as of Aug. 21, making potential issuance material to existing investors’ earnings per share and voting power. The company is advancing Project Dorothy 3, a planned Texas campus with potential capacity above 300 MW, while using existing infrastructure for a co-mining arrangement with Bitdeer involving about 28 MW and roughly 1.93 exahashes per second. Soluna operates about 192 MW, has another 14 MW under construction, and only about 3% of its 6.3 GW pipeline is energized.