CandleFocus 'There's No Catch': Bitcoin Mining Startup Promises Free Money to Renewable Energy Companies
2024-11-04
Author: Content Editor
Bitcoin mining firm Sangha Renewables has signed a 19.9 megawatt (MW) deal with a major renewable energy company in West Texas, marking a step toward its goal of helping green power producers start their own bitcoin mines. Sangha aims to convert excess and stranded energy into valuable digital currency, potentially boosting revenue for renewable energy companies and reducing the need for government subsidies. The project is projected to generate 900 bitcoin over the next 10 years and could create a new way of tracking energy prices by establishing a global index for the price of electricity.
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