Melbourne, Australia-based data center infrastructure provider Arkon Energy is expanding to the U.S. following the acquisition of a center in Hannibal, Ohio. By JamieCrawleyCD and egreechee
Arkon Energy, a data center infrastructure provider based in Melbourne, Australia, is expanding to the U.S. with the acquisition of a site in Hannibal, Ohio.
The company, which uses renewable electricity to mine bitcoin , also raised $26 million in fresh capital from Sandton Capital Partners, which it intends to use to fund an"aggressive expansion" into North America, according to an announcement shared with CoinDesk on Tuesday. That's on top of the $28 million it raised in November, when itThe acquisition is likely to be"the first of several" over the next year, CEO Joshua Payne said in the statement.
The data center in Ohio is designed for a capacity of 100 megawatts and is expected to add up to 3.3 exahash per second to the firm's hashrate by the end of 2023. Arkon said it hopes the facility will offer a predictable revenue stream by providing server hosting services to bitcoin mining firms. Bitcoin mining firms felt the pain of the last year's crypto bear market as they were squeezed between falling valuations and high electricity costs, with
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ohio's turtle season is around the corner, hunters can pursue snappers starting in JulyGood news for Ohio's noodlers and snoodlers: It will be soon OK to hunt snapping and softshell turtles again. Here are the dates.
Read more »
23-year-old Ashtabula woman dead after fatal two-car crash, Ohio State Highway Patrol investigatingThe Ohio State Highway Patrol is investigating a fatal two-car crash that happened shortly after 7 p.m. Saturday night in Demark Township, according to the OSHP.
Read more »
Northeast Ohio libraries work to combat the summer slideThe summer slide occurs when students do not engage in educational activities throughout the summer.
Read more »
Ohio State’s Third Official Visit Weekend Generates Commitment BuzzOhio State's third official visit weekend has generated plenty of buzz on social media, with several OSU commits hinting at the Buckeyes landing a big commitment soon.
Read more »
Motorcyclist caught speeding 133 MPH, Ohio State Highway Patrol dashcam showsThe Ohio State Highway Patrol confirmed a motorcyclist was clocked riding over double the posted speed limit, and dashcam video showed the trooper drove across the grassy median to pull them over.
Read more »
Northeast Ohio expected to welcome thousands of Central American, South American refugees, asylum seekersCleveland alone is expected to welcome thousands of immigrants, and the Northeast Ohio area is working to be prepared for their arrival.
Read more »