Sangha Renewables Launches 19.9 MW Solar-Powered Bitcoin Mining Pilot in West Texas

Sangha Renewables, a bitcoin mining company focused on partnering with renewable energy providers, has commenced construction on its flagship 19.9 megawatt (MW) solar-powered bitcoin mining facility in West Texas.

“We’re very pleased with progress to date,” said Spencer Marr, president of Sangha Renewables. “Last November, we preemptively invested in key electrical infrastructure ahead of closing to accelerate our mining operations. This strategic move has proven valuable.”

Sangha’s approach differs from typical mining companies that prioritize acquiring rigs and cheap power. Instead, Sangha collaborates with large renewable energy firms to integrate bitcoin mining into their energy production models. This allows energy producers to monetize excess electricity generated during periods of low demand—such as windy nights at wind farms—by running bitcoin miners instead of selling power at a loss.

The West Texas project serves as a pilot, with Sangha currently owning the mining equipment through subsidiaries and purchasing electricity from the local energy company. The energy firm may take over mining operations in the future.

The facility is expected to generate $42 million in revenue within its first year and mine approximately 900 bitcoin over the next decade. Electricity costs range between 2.8 and 3.2 cents per kilowatt-hour under a 30-year lease, enabling bitcoin acquisition at a 25% to 50% discount.

Construction is expected to complete in the second half of July, though minor delays could push this timeline back by a month. Mining is slated to begin shortly after.

To date, Sangha has raised $14 million of its $17 million equity target, aided by Plural Energy’s blockchain-based funding platform for renewable energy projects. The company anticipates fully operational mining and smart contract-powered investor payouts by fall, with many investors excited to receive distributions directly in bitcoin.