Sangha Renewables Breaks Ground on 20 MW Solar-Powered Bitcoin Mining Project in Texas: Towards a Sustainable and Efficient Mining Model
Sangha Renewables, a pioneer in integrating cryptocurrency mining and renewable energy, has officially broken ground on a 19.9 megawatt Bitcoin mining facility in West Texas. The project is powered entirely by solar energy, with $14 million in equity raised – approaching the company’s $17 million target.
Turning Sunlight into Bitcoin
The facility marks a breakthrough for Sangha in its efforts to connect blockchain technology with green energy. Built on a site with an existing solar power system, the project uses a “behind-the-meter” model to make the most of excess electricity that is not being used efficiently due to grid congestion.
According to CEO Spencer Marr, “we are building a vertically integrated model that eliminates the middleman and allows investors to receive Bitcoin distributions at a much lower cost than the market price.” This model also creates additional revenue for independent power producers (IPPs) without requiring additional investment.
Excess Energy Opportunity
Sangha has signed a lease for 5.5 acres of land in an area that is often subject to negative electricity prices – where excess solar power cannot be fed into the grid. Through an offtake agreement, the company buys 19.9 MW of electricity from the IPP, while providing the partner with a higher revenue per megawatt hour than the market would provide.
“It’s a win-win situation,” Marr said. “Investors benefit from direct distribution of bitcoin, the IPP gets a stable revenue stream, and the grid gets relief from overload.”
Flexible Financing – Transparent Investment
The project is funded through special purpose vehicles (SPVs), which are reserved for accredited investors. Profits are distributed directly as Bitcoin-backed income or in real Bitcoin, depending on the investor’s choice. Sangha uses a proprietary financial model to predict hourly fluctuations in the electricity and Bitcoin markets, thereby optimizing profits and minimizing risks.
Aiming for the Lowest Cost Mining in North America
Mining operations at the facility are expected to begin in Q3 2025. With the advantage of ultra-low electricity costs and advanced technology platforms, Sangha believes that this will be one of the most efficient Bitcoin mining locations in North America.
Commitment to sustainable development
In a departure from the traditional model of its predecessor Sangha Systems, Sangha Renewables repositions its long-term strategy, focusing on converting untapped energy assets into digital asset production infrastructure. The company also emphasizes regulatory compliance and risk management in every stage of implementation.
With the new project in Texas, Sangha not only sets a new milestone for the Bitcoin mining industry, but also affirms its long-term vision of combining digital technology and renewable energy - creating economic, environmental and social value for the next generation.