US-based Sangha Renewables broke ground on a 19.9 MW bitcoin mining facility in West Texas. The site is located behind-the-meter at an existing large-scale solar project operated by an independent power producer. Sangha has raised $14 million toward its $17 million equity target to fund the project’s development. The facility will serve as a proof-of-concept for Sangha’s model of converting underused renewable assets into bitcoin-generating infrastructure. Operations are expected to begin in Q3 2025. The company uses proprietary modeling to forecast energy pricing and mining profitability. Investors can participate through site-level special purpose vehicles, receiving returns in bitcoin or bitcoin-backed income. The model integrates with smart contract systems and provides direct capital deployment into mining infrastructure.