Data center infrastructure company Arkon Energy has raised $110 million to use in Bitcoin mining.
According to TechCrunch, investors included Bluesky Capital Management, Kestrel 0x1 and Nural Capital.
The company, which operates in the USA and Europe, has a capacity of 130 megawatts. Approximately 80 million dollars of the investment received will increase the capacity of data centers. To increase another 200 megawatts will be used.
Arkon Energy’s customers in the US are largely from corporate Bitcoin miners is formed.
$30 million of the investment will be used to develop an artificial intelligence project in the data center in Norway.
Bitcoin miners are struggling thanks to the rise in price to earn more money started. Miners in November 2023 A total of $1.16 billion for the first time after April 2022 earned income.