Compute North, an American data center hosting service provider, has raised $385 million to create a TIER 0 computing infrastructure.
The company announced the successful completion of a funding round that raised $85 million in equity and $300 million in loans.
Energy companies Mercuria and Generate Capital became the largest shareholder. Generate also provided loan financing. Compute North is going to spend the received funds on the creation of new data centers in the states of North Carolina, Texas and Nebraska. The company does not want to fall behind competitors, especially against the backdrop of the growing popularity of mining.
Demand for data centers is growing rapidly, and Compute North is rapidly expanding its presence in the US to benefit shareholders, according to Generate senior managing director Andrew Marino.
“We are excited to invest in Compute North to build a sustainable and efficient infrastructure,” he said.
Recall that in July last year, Compute North announced that it intends to place 1.2 GW equipment in its data centers within a year.
Source: Bits
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