The company has completed a Series C funding round led by major funds

​Compute North has raised $385 million for mining development

10.02.2022 - 09:45

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1 min

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.

Author:

Michael Golikov Michael Golikov

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