🌕 Gate Square · Mid-Autumn Creator Incentive Program is Live!
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
💡 Post Ideas:
1️⃣ How do you see AI tokens evolving?
2️⃣ Wh
Behind-the-Meter Bitcoin Mining: Sangha Renewables Breaks Ground on 20 MW Texas Site
Sangha Renewables is turning West Texas sunshine into bitcoin, breaking ground on a 20 MW mining facility powered by solar energy—and nearly hitting its $17 million equity target with $14 million already secured.
Texas Solar Farm to Generate Bitcoin via Sangha’s 20 MW Mining Operation
Sangha Renewables began construction on a 19.9-megawatt bitcoin (BTC) mining facility in West Texas and secured $14 million of a $17 million equity target, the company announced Tuesday. The proof-of-concept project, developed with an independent power producer (IPP), will operate behind-the-meter at an existing solar site to monetize underutilized energy.
The vertically integrated facility aims to optimize power costs and deliver bitcoin-backed returns to investors through a project finance model. CEO Spencer Marr said the approach eliminates intermediaries, allowing investors to fund infrastructure directly and receive bitcoin distributions “at well below market price.” The IPP gains a new revenue stream without capital or operational costs.
Sangha leased 5.5 acres at a solar site prone to grid congestion and negative energy pricing. The company will purchase 19.9 MW of power under an offtake agreement, providing the IPP higher per-megawatt-hour revenue. Marr called the arrangement a “win-win-win” for partners, investors and grid stability.
The equity raise will fund site development and scale Sangha’s model, which uses proprietary financial modeling to forecast energy and bitcoin market conditions hourly. Accredited investors can participate via special purpose vehicles (SPVs), receiving bitcoin or bitcoin-backed income.
Operations are expected to start in Q3 2025, positioning the facility among North America’s lowest-cost mining sites. Sangha emphasizes risk mitigation and regulatory compliance, leveraging expertise from renewable energy and real estate sectors.
The project marks Sangha’s pivot from its predecessor, Sangha Systems, to focus on integrating bitcoin mining with renewable energy. The company aims to transform underutilized assets into high-yield infrastructure nationwide.