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About Arkon Energy
Founded in Sydney in 2014 by Joshua Payne and Nathan Townsend, Arkon Energy launched its first 5MW data center in Brisbane around 2021. In November 2022, it raised $28M and acquired Norway's Hydrokraft AS, adding a 30MW hydropower facility, marking its European entry. June 2023 saw its first North American acquisition—a 100MW Ohio site expandable to 200MW—backed by a $26M round. In December 2023, a $110M Series B led by Bluesky Capital funded a 130% capacity expansion. February 2024 brought a planned Euronext Amsterdam listing via BM3EAC Corp., later cancelled in November. April 2024 marked vertical integration with a firm order for 27,700 Bitmain miners. Its European AI arm Nscale closed $155M in December 2024, targeting 120MW by 2025. A UK subsidiary was incorporated in March 2025.
In the past six months, Arkon Energy completed the acquisition of a global miner's US Bitcoin mining assets, with Cohen & Company as advisor, further expanding its clean-energy computing footprint in North America. It continues its "100% renewable energy + immersion cooling" approach, operating large data centers in Ohio, North Carolina, and Texas, while leveraging its Norwegian Hydrokraft hydropower facility to expand AI cloud services.
Officially stated future priorities: first, a SPAC merger listing on Euronext Amsterdam to fund international expansion and AI infrastructure; second, strengthening the dual-revenue model of "third-party hosting + proprietary mining" and transitioning toward next-generation cloud computing platforms for AI and big data. The roadmap focuses on converting surplus green power directly into computing capacity, reducing transmission losses, and providing sustainable high-density computing environments for institutional clients.
Joshua Payne: Founder & CEO
Nathan Townsend: Co-Founder & COO