TechFlow news, Josh Payne, CEO of data center infrastructure company Akron Energy, exclusively revealed to TechCrunch that the company has completed a $110 million private funding round to expand its operations.
The round was led by Bluesky Capital Management, with participation from Kestrel 0x1, Nural Capital, and Florence Capital.
Josh Payne, CEO of Akron Energy, said the new capital will be used to scale the business, with $80 million allocated to secure an additional 200 megawatts of capacity across new data centers in Ohio, North Carolina, and Texas. Payne also noted that the company's U.S. data center portfolio is primarily occupied by institutional-grade Bitcoin mining firms.
The company, launched in 2021, initially established a 5-megawatt site in Australia and has since scaled its installed capacity to over 130 megawatts, expanding into other regions including the United States and Europe.
