Arkon Energy, a leader in renewable data center infrastructure, has raised $28m in funding and acquired Hydrokraft AS. Both developments will aid the company in expanding its footprint in the Bitcoin mining industry. 

Acquiring Hydrokraft is a strategic milestone for Arkon Energy. Following the acquisition, the company can explore a vertically integrated "green Bitcoin mining" venture. It will focus on sovereign power, geographic diversification, and a versatile balance sheet. Arkon aims to do better than other leading bitcoin participants who have encountered pitfalls along the way.