Startup Arkon Energy Raises $28M to Further Expand Into Bitcoin Mining
Arkon Energy, the data center startup that uses renewable electricity to mine bitcoin (BTC), raised $28 million, led by quantitative investment manager and digital assets market maker, Blue Sky Capital. The funding comes as the bitcoin mining industry has been in survival mode during the crypto bear market.
The financing was a combination of senior debt and equity capital and included some returning investors such as Kestrel 0x1 as well as new ones, including Shima Capital, the company said in a statement. The startup has also bought Hydrokraft AS, a renewable energy-based data center in Norway, without disclosing the terms of the deal.
Source
t.me/Mining_Crypto_Miner
