Sangha raises $14m to launch solar-powered Bitcoin mine in Texas

Sangha Renewables has raised $14 million in equity funding for its flagship 19.9-megawatt Bitcoin mining project in West Texas. 

The facility, developed alongside a major independent power producer, will operate directly on a solar energy site and is expected to go live in Q3 2025, according to a company release. 

The project is designed to convert underutilized renewable energy into Bitcoin (BTC) via a vertically integrated model. 

According to Sangha, investors contribute capital—either in fiat or Bitcoin—to help build the site and, in return, receive streaming payouts in Bitcoin well below market price. 

This approach, the company says, avoids the inefficiencies of traditional mining intermediaries.

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

The company’s plan to scale across the U.S. 

The project marks a proof-of-concept for Sangha’s broader strategy: scale across the U.S. by deploying similar mining operations on renewable energy sites suffering from congestion or negative pricing.

In this case, the solar site’s owner leases 5.5 acres to Sangha and supplies behind-the-meter power, creating new income for the IPP without shouldering any capital or operational burden.

The company says its financial models forecast energy and Bitcoin pricing in real time to guide curtailment and maximize profits. Its smart-contract-ready platform also offers transparent fees and optional blockchain-linked payouts.

Sangha’s structure borrows heavily from real estate and renewable energy project finance, emphasizing risk mitigation and repeatable deployment. Regulatory complexity is handled in-house, helping streamline partnerships with energy providers.

The $14 million raise is part of a $17 million target. Once live, the Texas site is expected to offer some of the lowest power costs for mining in North America, the company said.