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
BTC breaks through $68,000, with an intraday increase of 0.25%
Gate News Report, March 8th, BTC price breaks through the $68,000 mark, with a daily increase of 0.25%.
GateNews5m ago
BTC Breaks Through 68,000 USDT
Gate News bot message, Gate market display, BTC breaks through 68,000 USDT, current price 68,004.1 USDT.
CryptoRadar7m ago
Bitcoin Hits Most Oversold Level in 11 Years, Sentiments Shift Drastically as BTC Price Swings
Bitcoin hits most oversold level in 11 years.
Sentiments shift drastically as BTC price swings.
Bitcoin value surged to above $70,000 and then below in a matter of days.
Sentiments for the crypto market to recover and see BTC surge to higher targets were high yesterday as BTC
CryptoNewsLand9m ago
Bitcoin (BTC) Price Could Crash Before Surging to $350,000, Analyst Warns
The Bitcoin price has entered a fragile phase after losing one of its most important trend supports. The latest chart shared by analyst Crypto Patel suggests the market may still face a deeper correction before the next major bull cycle begins.
Top analyst Patel shared on X that the current se
CaptainAltcoin24m ago
Raoul Pal: Global liquidity and BTC correlation reach 90%, and the market is in a historically oversold state
Raoul Pal stated on March 8th that global liquidity is a key macro factor, highly correlated with BTC and NDX since 2012, with an annual growth of about 10%. He pointed out that liquidity remains loose and predicted that the US will further cut interest rates to stimulate disposable income. The crypto market is currently oversold, and the next two weeks will be a critical period to watch.
GateNews59m ago
