Sangha Renewables The official ground-breaking ceremony for a 19,9 megawatt (MW). bitcoin mining A recent Bitcoin Magazine press release stated that the company’s new facility in West Texas marked a major step forward in their mission to combine sustainable power and digital asset infrastructure. Sangha announced that it had raised $17 million towards its target of $14 million, which will help bring to life its vision of renewable powered bitcoin mining.
The facility behind the meter will be built in collaboration with an IPP on a site that is already generating solar power. Sangha’s project aims to convert underutilized renewable resources into high-yield assets. bitcoinThe generating of operations is delivered while the delivering “optimized power monetization and attractive bitcoin-backed returns for investors.”
“Sangha is not just building bitcoin mining sites—we’re building a new model for how capital flows in and out of bitcoin,” Spencer Marr is the co-founder of Sangha Renewables and its CEO. “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.”
Sangha’s offtake agreement will see it purchase 19,9 MW from IPP directly. Sangha’s model of load-balancing is well suited to the solar site due to grid congestion and energy price negatives. “It’s a win-win-win,” Marr added. “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.”
According to the company, the project will begin operating in the third quarter of 2025. It is expected to have one of the lowest electricity costs in North America. Sangha’s model is underpinned by smart site selection, transparent capital structures, and regulatory acumen—positioning it as a leader in institutional-grade bitcoin mining.
Sangha Renewables is the latest chapter of the company’s pivot, from Sangha Systems, to Sangha Renewables. It emphasizes the commitment to a sustainable and scalable bitcoin infrastructure that aligns with investors.
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Source: bitcoinmagazine.com
