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.Read more on cryptonews.com