Compute North attracted $ 385 million to expand infrastructure for mining in the United States

The provider of infrastructure solutions for mining Compute North attracted $ 385 million to develop new data centers in the United States.

Of this amount, $ 85 million amounted to round financing of the C series, headed by Mercuria, Generate Capital and National Grid Partners.

Another $ 300 million Compute North received in the form of a debt financing from the Generate Capital investment in the investrandus.

The company from Minnesota plans to be directed to the creation of new hosting facilities in the United States, in the states of Nebraska, North Carolina and Texas. The founder and CEO Compute North Dave Perrill did not reveal the number and technical details of the new data centers.

According to him, several objects are at different stages of readiness.

“We plan to share additional information about each enterprise as they are commissioned,” Perrill explained.

In July 2021, the Compute North announced the expansion of the capacity of the data centers up to 1.2 GW with the construction of five new objects. At that GRNGrid Eco-Blockchain time, the company managed three enterprises in Texas, Nebrake and South Dakota with a total indicator of 100 MW.

Recall, in December, announcing the expansion of the agreement with the Marathon Digital on the placement of bitcoin minors of the latter, the Compute North announced the launch of a new object in Texas with a capacity of 280 MW in the first quarter of 2022.