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Arkon Energy Raises $110M To Grow U.S. Bitcoin Mining Capacity, Launch Ai Cloud Service In Norway

Dec 22, 2023over 1 year ago

Amount Raised

$110 Million

SydneyRenewable Energy

Description

Arkon Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch.

Company Information

Company

Arkon Energy

Location

Sydney, New South Wales, Australia

About

Arkon Energy is a infrastructure business, we develop, own and operate renewable energy-powered bitcoin mining solutions at enterprise scale, with an increasing portfolio and project pipeline of both hosted and fully-owned sites across Australia and internationally. Our specialized data center sites offer renewable energy generators significant economic benefits with reliable and consistent "before-the-meter" power consumption, while simultaneously allowing us to generate bitcoin revenues at very attractive rates for our shareholders and hosting clients.

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