Sangha Renewables has formally damaged floor on a 19.9-megawatt (MW) bitcoin mining facility in West Texas, marking a notable step in its mission to merge sustainable energy with digital asset infrastructure, in line with a latest press launch despatched to Bitcoin Journal. Sangha additionally introduced it has raised $14 million towards its $17 million goal, serving to deliver its imaginative and prescient for renewable-powered bitcoin mining to life.
Developed in partnership with an unbiased energy producer (IPP), the behind-the-meter facility might be situated on a longtime photo voltaic power web site. Sangha’s challenge is designed to remodel underutilized renewable belongings into high-yield bitcoin-generating operations whereas delivering “optimized energy monetization and enticing bitcoin-backed returns for buyers.”
“Sangha is not only constructing bitcoin mining websites—we’re constructing a brand new mannequin for a way capital flows out and in of bitcoin,” mentioned Spencer Marr, co-founder and CEO of Sangha Renewables. “By making use of a challenge finance construction honed-in the renewable power and actual property sectors, we allow buyers to take part immediately in productive belongings—with out intermediaries, speculative equities, or inefficiencies of datacenter internet hosting. Buyers put money or bitcoin into the development of the challenge after which get pleasure from streaming distributions of bitcoin for years to return at effectively under the market value of bitcoin.”
Underneath the offtake settlement, Sangha will buy 19.9 MW of energy immediately from the IPP. The photo voltaic web site is impacted by grid congestion and destructive power pricing, making it a super match for Sangha’s load-balancing mannequin. “It’s a win-win-win,” Marr added. “The IPP earns extra per megawatt-hour, our buyers acquire publicity to low-cost bitcoin manufacturing, and we ship grid-stabilizing load the place it’s wanted most.”
The challenge is ready to start operations in Q3 2025 and can supply one of many lowest energy prices in North America, in line with the corporate. Sangha’s mannequin is underpinned by good web site choice, clear capital constructions, and regulatory acumen—positioning it as a pacesetter in institutional-grade bitcoin mining.
This facility represents Sangha’s proof-of-concept and the following chapter within the founders’ pivot from Sangha Techniques to Sangha Renewables, emphasizing a dedication to sustainable, scalable, and investor-aligned bitcoin infrastructure.
