Australian Data Center Startup Arkon Expands to U.S. With $26M in Fresh Funding

The company, which uses renewable electricity to mine bitcoin (BTC), 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 it bought Hydrokraft AS, a renewable energy-based data center in Norway.