Akron Energy raises US$110 million, funds mainly used to support U.S. Bitcoin mining companies

Odaily News Data center infrastructure company Akron Energy completed US$110 million in financing. This round of financing was led by Bluesky Capital Management, with participation from Kestrel 0x1, Nural Capital and Florence Capital. Akron Energy CEO Josh Payne said the new funding will be used to expand the companys operations, with $80 million going toward acquiring an additional 200 megawatts of capacity in new data centers in Ohio, North Carolina and Texas. Payne also said the company’s U.S. data center portfolio is dominated by institutional-grade Bitcoin mining companies. (Techcrunch)