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Compute North Raises $385 Million for Crypto Mining Data Centers

During an equity round, the company raised $85 million. It also raised $300 million in debt funding.

Compute North, a provider of sustainable infrastructure for cryptocurrency mining, has raised $385 million in a Series C fundraise and debt financing, bringing the total raised to $385 million.

  • Among the investments in the round were a $85 million Series C fundraising led by Mercuria and Generate Capital, as well as $300 million in debt financing from Generate to fund the company’s future development of new data centres in the United States.
  • Located in Minnesota, Compute North provides unique Tier 0 data centres that are focused on providing sustainable, cost-effective computing solutions. The company provides clients in the blockchain, cryptocurrency mining, and distributed computing spaces with scalable infrastructure that can be scaled up and down as needed.
  • Throughout the United States, Compute North has swiftly grown its footprint, with offices in Nebraska, North Carolina, and Texas, among other places.
  • “Data centres are becoming an increasingly important part of energy demand, and we’re excited to partner with Compute North to build digital infrastructure that can operate sustainably and efficiently while also contributing to a more resilient grid,” said Andrew Marino, senior managing director and head of corporate private equity at Generate.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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