Sangha Renewables raises $14M for Texas BTC mining facility

Sangha Renewables has raised $14 million for its 19.9-megawatt Bitcoin mining facility in West Texas, set to begin operations in Q3, according to a PR Newswire press release. The facility will operate on a solar energy site, offering optimized power monetization and Bitcoin-backed returns for investors. Sangha's approach integrates renewable energy with Bitcoin mining, allowing investors to directly fund mining infrastructure and receive payouts in Bitcoin.