With $42 million in revenue, bitcoin mining startup Sangha kicks off a new pilot project in West Texas.

Sangha Renewables Breaks Ground on Solar-Powered Bitcoin Mining Project in West Texas

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

“We’re thrilled with the progress so far,” said Spencer Marr, Sangha’s president. “Last November, even before closing the deal, we invested in critical electrical infrastructure to accelerate our mining timeline — a decision that has already proven beneficial.”

Unlike most miners who chase the cheapest electricity and hardware, Sangha’s model partners with renewable energy companies, helping them turn excess power—like wind-generated electricity at night when demand is low—into profitable bitcoin mining operations.

The West Texas site is Sangha’s pilot project. Currently, Sangha owns the mining rigs through subsidiaries and buys power from the local energy company, which may eventually operate the mining themselves.

The project is expected to generate $42 million in revenue during its first year and mine about 900 bitcoin over the next decade. Electricity costs under a 30-year lease are projected between 2.8 and 3.2 cents per kilowatt-hour, allowing investors to acquire bitcoin at a 25% to 50% discount.

Construction is on track to finish by late July, though unforeseen delays could push the timeline by a month. Mining will begin shortly thereafter.

So far, Sangha has raised $14 million toward its $17 million equity goal, leveraging Plural Energy’s blockchain-based fundraising platform for renewable projects. The company plans to use smart contracts to distribute earnings directly to investors, many of whom are eager to receive payouts in bitcoin.