Tag: Arkon
Arkon Energy Sets New Australian Pre-seed Funding Record
Bitcoin mining startup Arkon Energy has raised an AUD$2.6M pre-seed round, setting a new Australian record, just one month after the record was set by one-click checkout startup “Instant” at AUD$2.2M. The company will use the funds to rapidly scale its capabilities and deploy more bitcoin mining operations through a two year, 44 megawatt (MW) renewable energy project pipeline. Utilising low-cost renewable energy and immersion cooling, Arkon Energy has built this 44MW future pipeline across four project partnerships to be deployed over 18-24 months. Arkon intends to scale its operations at a similar pace to its much larger Australian competitors, ... Read more