Sangha Renewables, a company that combines renewable energy with bitcoin mining, has started construction on a 19.9-megawatt (MW) mining facility powered 100% by solar energy. This is a big step towards making bitcoin mining cleaner, cheaper and more efficient.
The mining site is in West Texas, a region known for its strong solar and growing bitcoin mining presence.
What’s unique about this project is the “behind-the-meter” setup — the facility will draw power directly from a nearby solar site instead of the grid. This avoids some of the costs and inefficiencies of traditional energy sourcing.
The solar site where the mining facility is located has been operational for a few years. But it’s faced challenges like grid congestion and negative energy pricing – times when there’s too much energy and prices go below zero.
Sangha’s new mining operation will solve this problem by being a flexible energy consumer. When the grid has excess energy, Sangha can use it to mine bitcoin, helping to stabilize the grid and put otherwise wasted energy to work.
Related: Bitcoin Mining Clean Energy and Grid Balance | ERCOT Study
“This is a win-win-win,” said Spencer Marr, co-founder and CEO of Sangha Renewables. “The IPP (independent power producer) earns more per megawatt-hour, our investors gain exposure to low-cost bitcoin production, and we deliver grid-stabilizing load where it’s needed most.”
In addition to the tech innovation, Sangha is also changing the way people can invest in bitcoin mining.
The company just raised $14 million of its $17 million target to fund the construction and operation of the Texas facility.
Unlike traditional investments in mining companies or digital asset stocks, Sangha allows accredited investors to invest directly in the infrastructure itself through special purpose vehicles (SPVs).
Investors can put in cash or bitcoin and get ongoing payouts in bitcoin that are “well below the market price,” according to Marr. This means instead of buying bitcoin on the open market, investors are essentially earning it through the mining activity powered by renewable energy.
“Sangha is not just building bitcoin mining sites—we’re building a new model for how capital flows in and out of Bitcoin,” Marr said.
“By applying a project finance structure honed-in the renewable energy and real estate sectors, we enable investors to participate directly in productive assets—without intermediaries, speculative equities, or inefficiencies of datacenter hosting.”
Sangha’s financial and operational model uses advanced forecasting tools.
These tools allow forecasting of energy prices and bitcoin mining profitability down to 15-minute intervals. This enables the company to decide when to run the mining rigs for maximum efficiency and return on investment.
This Texas facility is a proof-of-concept. If it works, it will open the door for others across the U.S.
Sangha believes many underutilized renewable energy sites could benefit from this kind of setup, especially in areas that produce more energy than the grid can handle.
Using a capital-efficient, investor-aligned model and working with independent power producers (IPPs) Sangha plans to scale this nationwide. The facility will be fully operational by Q3 2025.
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