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Sangha Renewables has successfully raised $14 million in equity funding to support its groundbreaking 19.9-megawatt Bitcoin mining project in West Texas. The facility, which is being developed in collaboration with a major independent power producer, is set to operate directly on a solar energy site and is projected to go live in the third quarter of 2025.

Transforming Renewable Energy into Bitcoin

The project is designed to leverage underutilized renewable energy and convert it into Bitcoin through a vertically integrated model. According to Sangha, this innovative approach allows investors to contribute capital—either in fiat currency or Bitcoin—to build the site. In return, investors receive streaming payouts in Bitcoin at rates significantly below market price.

This direct model eliminates the inefficiencies associated with traditional mining intermediaries. Sangha CEO Spencer Marr emphasized the company’s mission, stating:

“This isn’t just about mining—it’s about how capital flows in and out of Bitcoin. We’re offering direct access to productive infrastructure without the noise of speculative equities or hosting overhead.”

Scaling Across the U.S. with Renewable Energy

Beyond the Texas project, Sangha aims to scale its operations across the United States. The strategy involves deploying similar Bitcoin mining facilities on renewable energy sites experiencing congestion or negative energy pricing. This approach not only supports the growth of renewable energy but also helps monetize energy that would otherwise go to waste.

For the West Texas facility, the solar site’s owner has agreed to lease 5.5 acres of land to Sangha and supply behind-the-meter power. This arrangement allows the independent power producer (IPP) to generate additional income without bearing any capital or operational risks.

Optimizing Energy Use and Profitability

Sangha employs advanced financial models to analyze energy and Bitcoin pricing in real-time. This enables the company to manage energy curtailment strategically and maximize profitability. Additionally, its smart-contract-compatible platform offers transparent fee structures and optional blockchain-linked payout mechanisms, ensuring a seamless experience for investors.

Innovative Financing and Risk Mitigation

The company’s operational framework borrows heavily from proven practices in real estate and renewable energy project finance. This ensures a focus on risk mitigation and repeatable deployment across various sites. Sangha also handles regulatory complexities in-house, streamlining partnerships with energy providers and expediting project timelines.

Cost-Efficient Bitcoin Mining

The $14 million raised so far is part of a larger $17 million funding target. Once operational, the West Texas site is expected to offer some of the lowest power costs for Bitcoin mining in North America. This cost efficiency positions Sangha as a key player in the evolving landscape of sustainable cryptocurrency mining.

By combining renewable energy with innovative financial models, Sangha Renewables is setting a new standard for how Bitcoin mining can align with sustainability and financial accessibility. Stay updated on the latest developments in cryptocurrency, investing, and finance.

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