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Arkon Energy Expands to U.S. with Ohio Data Center Acquisition and $26M Funding for Bitcoin Mining Expansion

June 20 (Cointime) - Arkon Energy, a Melbourne-based data center infrastructure provider, has acquired a site in Ohio as part of its expansion into North America.

The company, which uses renewable electricity to mine bitcoin, has also raised $26m in funding from Sandton Capital Partners to support its growth.

CEO Joshua Payne said the Ohio acquisition is likely to be the first of several over the next year, and the facility is expected to add up to 3.3 exahash per second to the firm's hashrate by the end of 2023.

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