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 keeping with a latest press launch despatched to Bitcoin Journal. Sangha additionally introduced it has raised $14 million towards its $17 million goal, serving to convey 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 vitality website. Sangha’s venture is designed to remodel underutilized renewable belongings into high-yield bitcoin-generating operations whereas delivering “optimized energy monetization and enticing bitcoin-backed returns for traders.”
“Sangha isn’t just 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 venture finance construction honed-in the renewable vitality and actual property sectors, we allow traders to take part instantly in productive belongings—with out intermediaries, speculative equities, or inefficiencies of datacenter internet hosting. Buyers put money or bitcoin into the development of the venture after which take pleasure in streaming distributions of bitcoin for years to come back at properly under the market worth of bitcoin.”
Beneath the offtake settlement, Sangha will buy 19.9 MW of energy instantly from the IPP. The photo voltaic website is impacted by grid congestion and damaging vitality pricing, making it an excellent match for Sangha’s load-balancing mannequin. “It’s a win-win-win,” Marr added. “The IPP earns extra per megawatt-hour, our traders achieve publicity to low-cost bitcoin manufacturing, and we ship grid-stabilizing load the place it’s wanted most.”
The venture is ready to start operations in Q3 2025 and can supply one of many lowest energy prices in North America, in keeping with the corporate. Sangha’s mannequin is underpinned by sensible website choice, clear capital buildings, and regulatory acumen—positioning it as a frontrunner in institutional-grade bitcoin mining.
This facility represents Sangha’s proof-of-concept and the subsequent chapter within the founders’ pivot from Sangha Techniques to Sangha Renewables, emphasizing a dedication to sustainable, scalable, and investor-aligned bitcoin infrastructure.