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
319
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?
Trends
BTC, ETH, SOL, and LINK trading are already available to users
Nov 29, 2023
Incidents
Earlier, the court banned the businessman from leaving the United States before sentencing for sanctions violations and AML violations
Nov 29, 2023
Market
On November 27, the asset reached its highest level since last July
Nov 29, 2023
Incidents
The exchange noted that the asset no longer meets internal quality standards
Nov 28, 2023
Market
On November 24, bitcoin reached its highest since May last year
Nov 28, 2023