What does Sangha Renewables do?
Sangha Renewables supports renewable energy generation by integrating bitcoin mining with institutional-grade project finance. The company uses sophisticated project-finance models and partnerships with independent power providers to deliver stable bitcoin cash flows from sustainable energy sources.
How much did they raise?
The company raised $14M in an equity funding round, securing a majority portion of its targeted $17M. No lead or participating investors were disclosed in this funding round.
What are their plans for the money?
With the new funding, Sangha Renewables plans to expand its operational footprint and accelerate development efforts. The injection of capital is expected to support the establishment of its initial site and further scale its innovative, capital-efficient bitcoin mining model.
What have they achieved so far?
Under the leadership of CEO Spencer Marr, the company has made significant strides by developing an institutional-grade bitcoin mining framework that promises lower volatility and greater efficiency compared to traditional models.
