Tech Company Financing Transactions
Arkon Energy Funding Round
Arkon Energy, based in Sydney, New South Wales, secured $26 million in funding from Sandton Capital Partners.
Transaction Overview
Company Name
Announced On
6/20/2023
Transaction Type
Venture Equity
Amount
$26,000,000
Round
Undisclosed
Investors
Sandton Capital Partners (Lead Investor)
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
Undisclosed
Sydney, New South Wales, 2018
AU
Sydney, New South Wales, 2018
AU
Phone
Undisclosed
Website
Email Address
Overview
Arkon Energy is a infrastructure business, we develop, own and operate renewable energy-powered bitcoin mining solutions at enterprise scale, with an increasing portfolio and project pipeline of both hosted and fully-owned sites across Australia and internationally. Our specialized data center sites offer renewable energy generators significant economic benefits with reliable and consistent "before-the-meter" power consumption, while simultaneously allowing us to generate bitcoin revenues at very attractive rates for our shareholders and hosting clients.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joshua Payne
Chief Financial Officer
Rodion Kostrykine
Chief Operating Officer
Nathan Townsend
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