Sangha Renewables Launches 20 MW Bitcoin Mining Facility Powered by Solar Energy
Sangha Renewables has officially broken ground on a 19.9-megawatt (MW) bitcoin mining facility in West Texas, marking a significant milestone in merging sustainable power with digital asset infrastructure. The company also announced securing $14 million out of its $17 million funding goal, illustrating strong investor support for renewable-powered bitcoin mining.
In collaboration with an independent power producer (IPP), Sangha’s facility will be situated on an existing solar energy site, emphasizing the transformation of renewable resources into profitable bitcoin-generating operations. This innovative approach aims to provide optimized power monetization and attractive returns for investors interested in bitcoin-backed projects.
Spencer Marr, co-founder and CEO of Sangha Renewables, highlighted the company’s unique financial structure, which allows investors direct participation in productive assets without relying on intermediaries or speculative equities. By integrating project finance strategies from the renewable energy and real estate sectors, Sangha offers investors the opportunity for steady bitcoin distributions over the project’s lifespan.
Under the terms of the agreement, Sangha will purchase 19.9 MW of power directly from the IPP, leveraging grid congestion and negative energy pricing to optimize load balancing. This not only benefits the IPP by increasing earnings per megawatt-hour but also provides investors exposure to cost-effective bitcoin production while stabilizing the grid where it is most needed.
Scheduled to commence operations in Q3 2025, Sangha’s mining facility promises to deliver one of the lowest power costs in North America, supported by strategic site selection, transparent capital structures, and regulatory expertise. This positions Sangha as a frontrunner in institutional-grade bitcoin mining, reflecting its commitment to sustainable and scalable crypto infrastructure aligned with investor interests.
The launch of this facility signifies Sangha’s transition from Sangha Systems to Sangha Renewables, underlining the company’s dedication to sustainable practices and investor-friendly bitcoin infrastructure.
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