Renewable energy sources Sanga It created a 19.9 -megawatled Bitcoin floor in West Texas, which represents a noticeable step in its mission to integrate sustainable power with the infrastructure of digital assets, according to a recently sent press release to Bitcoin. Sanga also announced that it had raised $ 14 million to achieve its goal of $ 17 million, which helped achieve its vision to extract the renewable bitcoin.
It was developed in partnership with the independent power generation product (IPP), and the facility that exceeds the resort to the insert solar energy location will be located. The Sangha Project for the Transformation of Renewable Renewable Assets is designed into high -yielding bitcoin generations while providing “improved energy liquefy and attractive Bitcoin’s attractive returns to investors.”
Spencer, co-founder and CEO of Sangga Reedel, said: “By applying the project financing structure, sharpening in the renewable energy sectors and real estate, we enable investors to participate directly in productive assets-without intermediaries, speculative shares, or shortcomings in hosting the data center.
Under the OffTake Agreement, Sangha will buy 19.9 megawatts of power directly from the IPP. The solar energy site is affected by network congestion and passive energy pricing, making it an ideal suitable for the pregnancy budget model in Sanga. “It is profitable for both sides.” “It earns the IPP more for every megawat per hour, and our investors earn exposure to the production of low -cost bitcoin, and we offer the network download as it is more necessary.”
The project is scheduled to start operations in Q3 2025 and will offer one of the lowest energy costs in North America, according to the company. The Sangha model is supported by choosing the smart site, transparent capital structures, and organizational acumen-where it is placed as a bitcoin mining leader of the institutional degree.
This facility represents Sangha’s proof of the concept and the next semester in the Sangha Systems axis to Sangha, with a focus on adhering to sustainable, developmental and investor infrastructure.
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