Sangha Renewables launches 20 MW Bitcoin mining facility powered by solar energy
According to a recent press release sent to Bitcoin Magazine, Sangha Renewables has officially collapsed at a 19.9 megawatt (MW) Bitcoin mining facility in West Texas, an obvious step in its mission to merge sustainability power with digital asset infrastructure. Sangha also announced that it has raised $14 million to its $17 million target, helping to bring its renewable energy Bitcoin mining vision to life.
Developed in partnership with an independent power producer (IPP), the behind-the-scenes facility will be located on an established solar site. Sangha’s project aims to transform underutilized renewable assets into highly productive Bitcoin-generated operations while providing investors with “optimized returns on monetization of electricity and attractive Bitcoin-backed returns”.
“Sangha is not only building a Bitcoin mining site, but also building a new model to understand how capital is in and out of Bitcoin,” said Spencer Marr, co-founder and CEO of Sangha Renewables. “By honing the renewable energy and real estate sectors through the application of the project’s financial structure, we enable investors to directly participate in the production assets (no middlemen, speculative assets, speculative equity or inefficient data center custody. Investors put both cash or Bitcoin into the project’s construction and then enjoy the market price at the Bitcoin of Bitcoin of Bitcoin of Bitcoin of Bitcoin of Bitcoin of Bitcoin of Bitcoin of Bitcoin of Bitcoin of Bitcoin of Bitcoin, and then enjoy the market price.
Under the Offtake Agreement, Sangha will purchase 19.9 MW of power directly from the IPP. The solar site is affected by grid congestion and negative energy pricing, making it ideal for Sangha’s load balancing model. “It’s a win-win situation,” Marl added. “IPP earns more revenue per megawatt-hour, our investors get the impact of low-cost bitcoin production, and we provide a steady load where we need it most.”
The project will begin operations in the third quarter and will provide one of the lowest electricity costs in North America. Sangha’s model is based on the choice of smart sites, transparent capital structure and regulatory acumen, as a leader in institutional-level Bitcoin mining.
The facility represents Sangha’s proof of concept and the next chapter, from Sangha Systems to Sangha Renewables, highlights the commitment to a sustainable, scalable and investor-aligned Bitcoin infrastructure.
