# Compute North Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/compute-north-holdings

- Industry: Financial Services
- Headquarters: Eden Prairie, US
- Website: www.computenorth.com
- Total disclosed funding: $85M
- Latest round: Series C (Feb 9, 2022)
- Investors on record: 3

## About

Founded in 2017 by Dave Perrill, and based in Minnesota, US, Compute North Holdings Inc. offers cryptocurrency mining and infrastructure solutions for clients in the blockchain, cryptocurrency mining, and distributed computing space. In February 2022, Compute North Holdings Inc. raised USD 300 million in venture debt funding new investor Generate Capital, Inc. The company’s partners include the Chamber of Digital Commerce, Texas Blockchain Council, Infrastructure Masons, Kearney Chamber of Commerce, and the North American Energy Markets Association and customers include Baikal, Bitmain Antminer, Canaan, CTB Miner Love Core, Dayun, etc.

Customers can mine Bitcoin, Ethereum, Dash Digital Care, Litecoin, Sia, and ZCash using the company's cryptocurrency mining infrastructure. The company provides ASIC miner hosting, GPU miner hosting, and managed blockchain services, as well as logistics, a bitcoin mining pool, and mining hardware. The Compute North TIER 0 Hybrid Cloud offers economics and infrastructure for applications requiring massive computing and running non-mission critical workloads.

The company intends to use the February 2022 funding for its new product and for the development of its new facilities in the United States including Nebraska, North Carolina, and Texas.

## Funding rounds

- Series C, Feb 9, 2022, $85M — Mercuria Investment, Generate Capital, National Grid Partners

## Investors

- Mercuria Investment (https://capitalatlas.ai/funds/mercuria-investment) — Series C
- Generate Capital — Series C
- National Grid Partners (https://capitalatlas.ai/funds/national-grid-partners) — Series C