Calculate north, a U.S. large-scale IT infrastructure and cryptocurrency mining company, said Thursday it has raised $ 25 million in debt and equity financing to expand capacity and enable further growth. Founded in 2017, Compute North claims to provide high performance cryptocurrency infrastructure and mining solutions to customers around the world.
“Simply put, we operate, market, advise and invest in these technologies through our constantly growing infrastructure. We are not speculators. We are cryptocurrency enthusiasts, investors and entrepreneurs. We allow you to participate quickly, easily and affordably in this dynamic opportunity.
Compute North further revealed that the debt capital was in the form of a senior secured loan from Post Road Group, a US-based investment group that focuses on private credit and investments. in private equity in telecommunications, media, technology, business services and real estate. . Speaking of the investment, Dave Perrill, CEO of Compute North, said:
“We started Compute North because we saw a unique opportunity to bring together our data center and power expertise and provide our customers with a better alternative. We have set ourselves apart by offering the best service in its class, fair and transparent prices and operational excellence. This capital injection allows the company to meet customer demand, innovate our services and expand our large team.
Compute North plans to use the funds to continue the growth and development of its platform.