Sangha Renewables has officially interrupted ground on a 19.9 megawatt (MW) Bitcoin mineral structure in Western Texas, marking a considerable step in its mission to unite the sustainable power with digital resources infrastructures, according to a recent press release sent to Bitcoin magazine. Sangha has also announced that he has collected $ 14 million for his goal of $ 17 million, helping to give life to his vision for renewable propulsion Bitcoin mining.
Developed in partnership with an independent energy manufacturer (IPP), the structure behind the meter will find itself on an established solar energy site. Sangha’s project is designed to transform renewable resources underutilized into high -performance Bitcoin generation operations, providing “optimized power monetization and attractive returns supported by Bitcoin for investors”.
“Sangha is not just building Bitcoin mining sites: we are building a new model for how the capital flows inside and outside Bitcoin,” said Spencer Marr, co-founder and CEO of Sangha Renewables. “By applying a project to finance the project refined in the renewable and real estate energy sectors, we allow investors to participate directly in production activities, without intermediaries, speculative shareholders or data -data data inefficiencies.
Based on the acquisition agreement, Sangha will purchase 19.9 MW of Potenza directly from the IPP. The sun site is influenced by the congestion of the network and the negative energy prices, making it ideal for the Sangha load balance model. “It’s a Win Win Win,” added Marr. “The IPP earns more for megawatt-hour, our investors gain exposure to the production of low cost bitcoins and we provide a stabilizing load the network where it is most necessary.”
The project is destined to start operations in the third quarter of 2025 and will offer one of the lowest energy costs in North America, according to the company. Sangha’s model is supported by the selection of intelligent sites, transparent capital structures and regulatory acumen, positioning it as a leader in institutional level Bitcoin mining.
This structure represents the proof of the concept of Sangha and the next chapter of the founders’ pivot from the Sangha systems to the Sangha renewables, underlining a commitment to the sustainable bitcoin infrastructure, scalable and aligned with investors.