Australian data center company Arkon Energy raises $26M, expands to US

Australian data center infrastructure provider Arkon Energy is expanding into the United States by acquiring a site in Hannibal, Ohio, CoinDesk reported. The company also raised $26 million in funding from Sandton Capital Partners. The Ohio data center has a design capacity of 100 megawatts (MW), and the company is expected to increase its computing power by 3.3 EH/s by the end of 2023. Arkon said it hopes the facility will provide a predictable revenue stream from hosting servers for bitcoin mining companies. Foresight News previously reported that in November last year, Arkon Energy completed a $28 million financing led by Blue Sky Capital, and also acquired Hydrokraft AS, a Norwegian renewable energy data center, with the aim of creating a vertically integrated green bitcoin mining platform.