Sangha Secures $14M for Texas Solar-Powered Bitcoin Mining Venture
Another day, another crypto play—but this one’s got a green twist. Sangha just pocketed $14 million to fire up a solar-powered Bitcoin mine in the heart of Texas oil country. Because nothing says ’disruption’ like turning sunshine into digital gold while traditional energy players sweat their outdated grids.
The move taps into the state’s notorious energy volatility—harnessing cheap, renewable power to mint BTC when the sun blazes. Smart? Sure. Ironic? Absolutely. Texas, where fossil fuels and futurism collide, now hosts a mining operation that might just outlast the next grid failure.
Will this finally silence the ’Bitcoin is an environmental disaster’ crowd? Unlikely. But for investors betting on sustainable crypto infrastructure, it’s a glimmer of hope—or at least a PR win. Meanwhile, Wall Street still can’t decide if crypto’s the future or a speculative sideshow. Place your bets.
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.
