Compute North has raised $385 million for mining development
The company has completed a Series C funding round led by major funds
10.02.2022 - 09:45
449
1 min
0
What’s new? Compute North, a digital infrastructure and cryptocurrency mining solutions provider, has reported the successful completion of another funding round. The company managed to raise a total of $385 million to further develop and expand its operations in the United States.
News on Compute North’s website
Who participated? The Series C round was led by funds such as National Grid Partners, Mercuria, and Generate Capital. On their part, $85 million of investments were raised. The $300 million in funds were received in the form of debt financing.
What will the funds be used for? Compute North plans to use the funding to further expand the company and develop new data centers in America. According to the company’s founder Dave Perrill, farms for the extraction of digital assets can be built in the states of Texas, Nebraska, and North Carolina.
Useful material?
Telegram 
Twitter Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Cryptocurrency rates
-
Bitcoin
$104 547
BTC
-0.12%
-
Ethereum
$3 299.1
ETH
-0.17%
-
Ripple
$3.19
XRP
+1.48%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.362587
DOGE
-1.63%
-
Cardano
$0.997328
ADA
-0.09%
-
Stellar XLM
$0.434795
XLM
-1.18%
-
Polkadot
$6.55
DOT
+0.04%
-
Bitcoin Cash
$441.63
BCH
+0.61%
-
Litecoin
$115.84
LTC
-4.69%