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Arkon Energy Expands Bitcoin Mining Presence With Fundraise and Hydrokraft Acquisition

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.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.Hydrokraft is a reputable European data center with an operating capacity of 30MW, which can be increased to 60MW.

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