Sangha Renewables is building a new Bitcoin mining facility in West Texas that will run entirely on solar power. Unlike most mining operations, this one won’t rely on the local power grid, it will use energy directly from an on-site solar farm. This “behind-the-meter” setup cuts costs and makes the process more efficient.
The 19.9-megawatt facility is going up on a 5.5-acre site that already has an existing solar farm. Sangha expects the mining operation to be up and running by the third quarter of 2025. While not all details have been shared, the company says this is the first project in its new business plan.
To fund the build, Sangha recently raised $14 million equity of its $17 million target, with the goal to show that Bitcoin mining can be both profitable and eco-friendly when paired with renewable energy.
The company is also offering a unique opportunity for investors for example, instead of buying Bitcoin outright, they can fund the project’s construction, either with cash or Bitcoin and receive regular Bitcoin payouts in return.
These payouts, delivered automatically through blockchain smart contracts, will be priced below market rates and come without extra fees.
Sangha’s CEO, Spencer Marr, says this model lets investors support real, productive assets without the risks of volatile stocks or third-party hosting services.
Founded in 2018 as Sangha Systems, the company has over 100 megawatts of solar and wind projects in development. It previously worked on a large mining project in Illinois, which also planned to use behind-the-meter solar power.
With this new Texas site, Sangha is pushing the idea that Bitcoin mining and clean energy can go hand in hand and that investors will want to be part of it.
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