Arkon Energy raises $110M to grow US bitcoin mining capacity, launch AI cloud service in Norway
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.
The round was led by Bluesky Capital Management and included participation from Kestrel 0x1 and Nural Capital.
The company launched in 2021 and began with a 5-megawatt site in Australia. It’s since grown to over 130 megawatts and has expanded into other countries and regions like the U.S. and Europe.
“These sites appeal to both…