Akron Energy raises $110M to grow U.S. bitcoin mining capability, launch AI cloud service in Norway
Arkon Energy, an information center facilities business, closed a $110 million personal financing round to broaden its operations, the business's CEO Josh Payne shared specifically with TechCrunch.
The round was led by Bluesky Capital Management and consisted of involvement from Kestrel 0x1 and Nural Capital.
The business introduced in 2021 and started with a 5-megawatt website in Australia. It's because grown to over 130 megawatts and has actually broadened into other nations and areas like the U.S. and Europe.
"These websites interest both bitcoin miners and AI [or] artificial intelligence customers who have really high power computing needs," Payne stated. For context, 1 megawatt can power in between 400 to 900 homes a year, according to the Nuclear Regulatory Commission.
About $80 mill...