Sangha Renewables Secures $14 Million for 20 MW Bitcoin Mining Facility in West Texas

Sangha Renewables has commenced construction on a 20 MW bitcoin mining facility in West Texas, representing a notable step forward in the convergence of renewable energy and digital asset infrastructure. The facility, which will be powered by solar energy, is engineered to convert underutilized renewable assets into profitable bitcoin-generating operations. This initiative is a collaborative effort with an independent power producer (IPP) and is situated on an existing solar energy site. The behind-the-meter facility is designed to achieve optimized power monetization and attractive bitcoin-backed returns for investors.

The project has already secured $14 million of its $17 million funding goal, bringing Sangha Renewables' vision for renewable-powered bitcoin mining closer to fruition. Spencer Marr, co-founder and CEO of Sangha Renewables, emphasized the innovative nature of the project, noting that it allows investors to engage directly with productive assets without intermediaries or speculative equities. Investors can contribute cash or bitcoin to the project's construction and receive streaming distributions of bitcoin for years to come at a cost significantly lower than the market price of bitcoin.

Under the offtake agreement, Sangha Renewables will procure 19.9 MW of power directly from the IPP. The solar site faces challenges such as grid congestion and negative energy pricing, making it an ideal candidate for Sangha’s load-balancing model. This arrangement benefits all stakeholders: the IPP earns higher revenue per megawatt-hour, investors gain access to low-cost bitcoin production, and the grid benefits from stabilized load where it is most needed.

The project is slated to commence operations in the third quarter of 2025 and is anticipated to offer one of the lowest power costs in North America. Sangha Renewables' approach is founded on strategic site selection, transparent capital structures, and regulatory expertise, positioning the company as a leader in institutional-grade bitcoin mining. This facility serves as a proof-of-concept for Sangha Renewables, underscoring the company's commitment to sustainable, scalable, and investor-aligned bitcoin infrastructure. The project marks the next phase in the founders' transition from Sangha Systems to Sangha Renewables, highlighting their dedication to advancing the field of renewable energy-powered bitcoin mining.