mining

Arkon Energy Secures $110M Investment for Expanding U.S. Bitcoin Mining Capacity and Introducing AI Cloud Service in Norway

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Arkon Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch. “These sites appeal to both bitcoin miners and AI [or] machine learning clients who have very high power computing demands,” Payne said. “We are essentially a landlord who owns the underlying infrastructure assets.”Arkon’s business model focuses on strategically acquiring distressed data center assets across the globe. “The current and future demand for data center capacity of all types that we are seeing globally, but especially in the U.S., is unprecedented and monumental. Arkon aims to fill that gap by providing the underlying infrastructure layer that the AI sector relies on.

“Akron Energy Secures $110M Investment to Expand U.S. Bitcoin Mining Capabilities and Introduce AI Cloud Services in Norway”

Gettyimages 539954410
Akron Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch. “These sites appeal to both bitcoin miners and AI [or] machine learning clients who have very high power computing demands,” Payne said. “We are essentially a landlord who owns the underlying infrastructure assets.”Akron’s business model focuses on strategically acquiring distressed data center assets across the globe. “The current and future demand for data center capacity of all types that we are seeing globally, but especially in the U.S., is unprecedented and monumental. Akron aims to fill that gap by providing the underlying infrastructure layer that the AI sector relies on.

ServiceNow to Enhance Task Mining Capabilities with Newest Acquisition

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ServiceNow announced this morning that it was acquiring Czech Republic task mining company UltimateSuite, giving the company a new way to capture and understand how work flows through a business. Task mining is a part of process mining, a growing worldwide market that helps companies understand how work flows through an organization, looking for bottlenecks in order to increase efficiency. UltimateSuite is substantially smaller, having raised less than $1 million, but it gives ServiceNow another tool in its task mining arsenal, says Eduardo Chiocconi, VP and GM for process mining at ServiceNow. Prior to acquisition of UltimateSuite, the company had the ability to drill down into a workflow, but lacked the ability to get down to the user task level. And that’s exactly what UltimateSuite task mining is coming in to help us with,” Chiocconi told TechCrunch.