Sangha’s bitcoin mining startup achieves $42 million revenue, launching pilot operations in West Texas.

Sangha Renewables Begins Construction of 19.9 MW Solar Bitcoin Mining Operation in West Texas

Sangha Renewables, a bitcoin mining firm specializing in renewable energy integration, has commenced construction on its premier 19.9 megawatt (MW) solar-powered bitcoin mining facility in West Texas.

“We’re very encouraged by our progress,” said Spencer Marr, president of Sangha Renewables. “Back in November, we chose to invest in critical electrical infrastructure ahead of closing the deal to ensure we could start mining operations promptly. That foresight is paying off.”

Unlike traditional bitcoin miners that seek the lowest-cost electricity and hardware, Sangha’s model focuses on collaborating with renewable energy companies. These firms often face excess electricity generation during periods of low demand—like windy nights at wind farms—and can now capitalize on that surplus by running bitcoin miners profitably.

The West Texas project serves as Sangha’s pilot initiative. Presently, Sangha holds ownership of the mining equipment via subsidiaries and purchases power from the energy company, which may eventually take over mining duties.

Projected revenue for the first year stands at $42 million, with an estimated output of roughly 900 bitcoin over ten years. Electricity rates are locked in between 2.8 and 3.2 cents per kilowatt-hour on a 30-year lease, allowing bitcoin to be mined at a 25% to 50% cost advantage.

Construction is scheduled for completion in late July, with mining operations expected to commence shortly afterward, subject to potential delays.

Sangha has raised $14 million toward its $17 million equity goal, leveraging Plural Energy’s blockchain-based fundraising platform for mid-sized renewable projects. The company anticipates using smart contracts to distribute earnings directly in bitcoin to investors by fall, who are eager to receive native bitcoin distributions.