Compute North Closes $385 Million In Strategic Funding For Tier 0™ Computing Infrastructure

Compute North, the leader in sustainable, large-scale computing infrastructure, today announced that it has closed its next growth capital round of $385 million, comprised of $85 million in the initial Series C equity closing, co-led by Mercuria and Generate Capital with additional investors including National Grid Partners, and $300 million in debt financing from Generate to fund new projects. Galaxy Digital, a technology-driven financial services and investment management firm spanning the digital assets ecosystem, advised the company on the equity financing. This investment continues to cement Compute North as the premier leader in TIER 0TM computing infrastructure and will support the continued development of new U.S.-based data centers, expanding capacity and enabling further growth. This round expanded the ecosystem of strategic investors to include stakeholders aligned around the company's strategic vision in energy transition, sustainability, and innovation.