Sangha Renewables has begun construction on a 19.9 MW bitcoin mining facility adjacent to a solar power installation in West Texas, with plans to commence operations by the end of July 2025. The project aims to generate $42 million in its first year and mine around 900 bitcoin over a decade. Having raised $14 million of its $17 million equity target, the firm will utilize surplus energy from renewable sources to enhance profitability. The unique proposition of integrating bitcoin mining into renewable energy operations addresses the issue of energy production mismatches, allowing firms to capitalize on excess electricity. Sangha anticipates that this pilot program will efficiently utilize lower energy costs of 2.8 to 3.2 cents per kilowatt-hour, significantly reducing operational expenses. With the project construction expected to finish in late July, the company aims to iron out initial kinks and commence mining shortly after completion.

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