Compute North builds and operates TIER 0™ data centers that provide scalable infrastructure for clients in blockchain, cryptocurrency mining, and distributed computing. The company combines data center, energy, and technology expertise to serve highly specialized computing needs. It operates across the United States and is led by CEO Dave Perrill. Compute North is rapidly expanding its footprint with new facilities under development in Nebraska, North Carolina, and Texas. Financially, the company closed a $385M growth capital round to fund expansion and new projects. The proceeds will be used to develop new U.S.-based data centers, expand capacity, and enable further growth. Compute North builds and operates TIER 0™ data centers that deliver efficient, low-cost, and highly scalable infrastructure for blockchain, cryptocurrency mining, and high-performance computing. The company offers managed services that remove the day-to-day complexities of optimizing mining operations and enable customers to scale quickly. Its facilities are designed to be cost-efficient and to support non-mission critical applications such as cryptocurrency mining, blockchain workloads, and machine learning. Compute North operates facilities in Texas, South Dakota, and Nebraska and is headquartered in Eden Prairie, Minn. The company manages more than 920 PH/s and expects that capacity to nearly double with upcoming development, and it has over 47 MW of inbound equipment from Digital Currency Group. To support growth, Compute North recently closed a $25 million raise combining debt and equity and says it will continue to seek additional growth capital to meet rising customer demand.

Total raised

$410M

Funding rounds

4

Latest round

Series C

Latest activity

Feb 2022