US Bitcoin Miner Sangha Launches 19.9 MW Solar Project, Raises $14M

US-based Sangha Renewables, a renewable energy generation firm focused on bitcoin mining and institutional-grade project finance, has announced the groundbreaking of its 19.9-megawatt (MW) mining facility in West Texas. This project is developed in partnership with an independent power producer (IPP). the facility will operate behind the meter on an established large-scale solar energy site and will deliver power monetization and Bitcoin-backed returns for investors. The development comes at a time when Bitcoin prices have surged on the back of global market volatility and the overt backing of the Trump administration for Crypto currency. A single Bitcoin yesterday hit parity with a kg of Gold, a new milestone for the cryptocurrency. The rising prices have also made the high energy cost of Bitcoin mining viable in mor and more markets. 

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Sangha has also announced a $14 million equity raise, securing a majority portion of its targeted  $17 million equity round to fund the development of this initial site. It will also support the scale-up of its model. This project serves as the proof-of-concept for Sangha’s plans to transform underutilized renewable assets into high-yield, bitcoin-generating infrastructure across the US.  

Spencer Marr, co-founder and CEO says “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 data center hosting. Investors put cash or bitcoin into the construction of the project and then enjoy streaming distributions of bitcoin for years to come at well below the market  price of bitcoin.” 

Leased Solar Site

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Sangha has leased 5.5 acres from the IPP on the solar site that has been operational for several years.Under the offtake agreement, Sangha will purchase 19.9 MW of behind-the-meter power. “It’s a win-win-win,” added Marr. “The IPP 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.” The Sangha model tracks the Bitcoin mining model in many other regions where power is cheap, green or both. Stressed economies have usually dabbled in Crypto too, as a hedge against their weak currencies, as seen recently in Pakistan, or earlier El Salvador.  In more developed economies, it is usually the run for outsized profits, speculation and paranoia that has driven growth. 

About the West Texas facility

The West Texas facility is expected to commence operations in Q3 2025, delivering one of the lowest power costs in North America—positioning it among the most competitive bitcoin mining operations in the country.

Sangha’s model enables accredited investors to invest directly into site-level special purpose vehicles (SPVs), receiving distributions in bitcoin or bitcoin-backed income. The firm’s model integrates seamlessly with modern smart contract infrastructure, creating a secure and streamlined investment experience. This project also marks a milestone in the company’s evolution.

The founders of Sangha Renewables began their journey with Sangha Systems. As their vision evolved, they made a shift toward renewable energy, leading to the creation of Sangha Renewables—a company dedicated to integrating Bitcoin mining with sustainable power solutions to generate lasting value for investors, developers, and the grid.