TechFlow news, according to CoinDesk, Australian data center startup Arkon has raised $26 million in a new funding round. The company is expanding into the U.S. through the acquisition of a site in Hannibal, Ohio.
Arkon said it hopes the facility will generate predictable revenue streams by providing server hosting services for Bitcoin mining firms. With less than a year to go before Bitcoin's next halving event—which will reduce block rewards for mining and further pressure company profit margins—the timing presents additional challenges.
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