Arkon's data centers, which are powered by renewable energy, are primarily used by institutional-grade bitcoin miners and are also suitable for hosting artificial intelligence models. As part of its expansion, the company plans to spend $30 million on optimizing its Norwegian data center for generative AI workloads, with a focus on supporting customer projects related to training large language models.
Key takeaways:
- Data center operator Arkon Energy has raised $110 million in funding to expand its infrastructure footprint. The investment was led by Bluesky Capital Management with participation from Kestrel 0x1 and Nural Capital.
- The company plans to use the funding to purchase additional data centers in Ohio, North Carolina, and Texas, aiming to expand its capacity by 130% in the next six months.
- Arkon's data centers are primarily used by institutional-grade bitcoin miners and are also suitable for hosting artificial intelligence models. The company plans to spend $30 million on optimizing its Norwegian data center for generative AI workloads.
- Arkon is not the only data center company capitalizing on the rapid growth in AI demand. Stack Infrastructure Inc. also recently raised $290 million and operates data centers where other companies can host their computing equipment.