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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 carry 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 can be positioned on a longtime photo voltaic power website. Sangha’s challenge is designed to remodel underutilized renewable property into high-yield bitcoin-generating operations whereas delivering “optimized energy monetization and engaging bitcoin-backed returns for buyers.”
“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 challenge finance construction honed-in the renewable power and actual property sectors, we allow buyers to take part straight in productive property—with out intermediaries, speculative equities, or inefficiencies of datacenter internet hosting. Traders put money or bitcoin into the development of the challenge after which get pleasure from streaming distributions of bitcoin for years to come back at properly beneath the market value of bitcoin.”
Beneath the offtake settlement, Sangha will buy 19.9 MW of energy straight from the IPP. The photo voltaic website is impacted by grid congestion and adverse power 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 buyers achieve 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 provide one of many lowest energy prices in North America, in keeping with the corporate. Sangha’s mannequin is underpinned by good website choice, clear capital constructions, and regulatory acumen—positioning it as a frontrunner in institutional-grade bitcoin mining.
This facility represents Sangha’s proof-of-concept and the following chapter within the founders’ pivot from Sangha Programs to Sangha Renewables, emphasizing a dedication to sustainable, scalable, and investor-aligned bitcoin infrastructure.