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 advancement in the integration of renewable energy with digital asset infrastructure. The facility, powered by solar energy, is designed to convert underutilized renewable assets into high-yield bitcoin-generating operations. This project is developed in partnership with an independent power producer (IPP) and is situated on an established solar energy site. The behind-the-meter facility aims to deliver optimized power monetization and attractive bitcoin-backed returns for investors.

The project has already secured $14 million towards its $17 million target, bringing Sangha Renewables' vision for renewable-powered bitcoin mining closer to reality. Spencer Marr, co-founder and CEO of Sangha Renewables, highlighted the innovative model that the company is building. "Sangha is not just building bitcoin mining sites—we’re building a new model for how capital flows in and out of bitcoin," Marr stated. "By applying a project finance structure honed in the renewable energy and real estate sectors, we enable investors to participate directly in productive assets—without intermediaries, speculative equities, or inefficiencies of datacenter hosting. Investors put cash or bitcoin into the construction of the project and then enjoy streaming distributions of bitcoin for years to come at well below the market price of bitcoin."

Under the offtake agreement, Sangha Renewables will purchase 19.9 MW of power directly from the IPP. The solar site is impacted by grid congestion and negative energy pricing, making it an ideal fit for Sangha’s load-balancing model. Marr emphasized the mutual benefits of this arrangement, stating, "It’s a win-win-win. The IPP earns more per megawatt-hour, our investors gain exposure to low-cost bitcoin production, and we deliver grid-stabilizing load where it’s needed most."

The project is scheduled to commence operations in the third quarter of 2025 and is expected to offer one of the lowest power costs in North America. Sangha Renewables' model is supported by smart site selection, transparent capital structures, and regulatory acumen, positioning the company as a leader in institutional-grade bitcoin mining. This facility serves as a proof-of-concept for Sangha Renewables, representing the next chapter in the founders' pivot from Sangha Systems to Sangha Renewables. The company is committed to developing sustainable, scalable, and investor-aligned bitcoin infrastructure.