Sangha Renewables has officially broken ground on a 19.9-Megawatt (MW) Bitcoin mining in West Texas, marking a remarkable step in his mission to braid sustainable power with digital asset infrastructure, according to a recent press release sent to Bitcoin Magazine. Sangha also announced that it has raised $ 14 million against its $ 17 million target, which helped bring his vision for sustained driven Bitcoin mining to life.
Developed in partnership with an independent power producer (IPP), the Bag-Meter system will be located on an established solar energy site. Sangha’s project is designed to transform under-utilized persistent assets into Bitcoin-generating operations with high yields while providing “optimized power moneization and attractive Bitcoin-supported return for investors.”
“Sangha not only builds Bitcoin mining stations-we build a new model for how capital flows in and out of Bitcoin,” said Spencer Marr, co-founder and CEO of Sangha Renewables. “By using a project financing structure that is interconnected for renewable energy and real estate sectors, we allow investors to participate directly in productive assets-other intermediaries, speculative equities or inefficiency of data center hosting. Investors put cash or bitcoin in the construction of the project and then enjoy streaming distribution of Bitcoin in Bitcoin. ”
According to the Offatake agreement, Sangha will buy 19.9 MW power directly from IPP. The sun site is affected by grid load and negative energy prices, making it an ideal fit for Sangha’s load balance model. “It’s a win-win-win,” Marr added. “IPP earns more per megawatt-time, our investors get exposure to cheap Bitcoin production, and we supply lattice stabilizing load where it is most needed.”
The project is set to begin operations in the 3rd quarter of 2025 and will offer one of the lowest power costs in North America, according to the company. Sangha’s model is supported by the choice of smart site, transparent capital structures and regulatory sharpness-located it as a leader in institutional Bitcoin mining.
This facility represents Sangha’s proof-of-concept and the next chapter in founders’ turn from Sangha Systems to Sangha Renewables, which emphasizes a commitment to sustainable, scalable and investor-adjusted Bitcoin infrastructure.