Sangha Renewables has energized a 20-megawatt bitcoin mining facility in West Texas, marking the company’s latest effort to pair renewable generation with flexible data-center load.
This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies.
The project, located in Ector County near Odessa, operates behind the meter on a 150-megawatt solar farm and began full operations following a ribbon-cutting ceremony on Friday, the company announced. Sangha said the site has a capacity of 19.9 MW and is supplied with solar power alongside supplemental electricity and balancing services provided by Totalenergies.
Under the arrangement, Sangha develops, owns and operates the mining facility and supplies its own mining hardware and load-management systems. Totalenergies provides retail power services, including firm power during non-solar hours and structured products designed to manage price volatility. Energy consultancy Links Genco supported the project’s development, including energy structuring and grid-compliance work, Sangha said.
The energization comes as bitcoin miners contend with a historically low hashprice, driven by a recent pullback in bitcoin’s price while the network hashrate remains near record highs. Although the Bitcoin network saw a downward difficulty adjustment earlier this week, the reduction was less than 1%, offering only limited relief for miners facing compressed margins.
Sangha framed the project as a template it plans to replicate, using bitcoin mining as a way to monetize renewable energy assets that face congestion or pricing challenges. The company said the ability of mining operations to rapidly ramp power consumption up or down makes them well-suited to operate alongside intermittent generation such as solar.
Local officials and representatives from Totalenergies and Links Genco attended the ribbon-cutting ceremony.
The original article can be viewed here.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy Purchases $2.54B in Bitcoin, Largest Weekly Buy Since November 2024
US software company Strategy purchased $2.54 billion in bitcoin, primarily funded by preferred share sales, marking its largest weekly acquisition since November 2024. It now holds $61 billion in bitcoin and plans to increase dividend payments to stabilize share price.
GateNews13m ago
Bitcoin, Ethereum Lead US Congress Members' Crypto Holdings Under STOCK Act Disclosure
The 2012 STOCK Act mandates disclosure of trades over $1,000 by US lawmakers. Bitcoin is the most popular among them, with many holding substantial amounts. Other coins like Ethereum, Solana, and lesser-known cryptocurrencies are also present in their portfolios.
GateNews1h ago
BlackRock Withdraws Over $255M in BTC from Major CEX in 8 Hours
Gate News message, April 21 — According to on-chain analyst Onchain Lens, BlackRock withdrew 3,372 BTC, valued at approximately $255.86 million, from a major CEX over the past 8 hours.
GateNews1h ago
Kevin O'Leary Allocates 90% of Crypto Portfolio to Bitcoin and Ethereum, Dismisses Other Tokens
Kevin O'Leary has shifted 90% of his crypto investments to Bitcoin and Ethereum, dismissing other assets as "garbage." He emphasizes their liquidity and market dominance, while also investing in Bitcoin mining and AI infrastructure.
GateNews7h ago
BTC breaks through 76000 USDT
Gate News bot message, Gate market data shows that BTC has broken through 76000 USDT, current price is 76069 USDT.
CryptoRadar7h ago
