logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Arkon Energy Acquires The Us Mining Assets Of A Global Digital Asset Service Provider

Jun 21, 2023•over 2 years ago

Acquiring Company

Arkon Energy

Acquired Company

Global Asset Service

SydneyRenewable Energy

Description

Arkon Energy Pty Ltd (Arkon or the Company), a data center infrastructure company, today announced it has completed the acquisition of an operating data center facility with up to 200MW of capacity located in Hannibal, Ohio, from a global digital asset service provider for an undisclosed amount.

Company Information

Company

Arkon Energy

Location

Sydney, New South Wales, Australia

About

Arkon Energy is a infrastructure business, we develop, own and operate renewable energy-powered bitcoin mining solutions at enterprise scale, with an increasing portfolio and project pipeline of both hosted and fully-owned sites across Australia and internationally. Our specialized data center sites offer renewable energy generators significant economic benefits with reliable and consistent "before-the-meter" power consumption, while simultaneously allowing us to generate bitcoin revenues at very attractive rates for our shareholders and hosting clients.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed