First close of a $110m financing round · Hardware
Arkon Energy announces first close of a $110m financing round
Bluesky Capital Management leads the round, with Kestrel0x1 and Nural Capital participating.
The company announced that the first tranche had closed, without disclosing its size. Its plan allocated $80 million of the overall round to US expansion and $30 million to an AI cloud project at its existing Norwegian data centre.
The US programme combined acquisitions and development of facilities with Sabre56. Arkon intended to expand its portfolio to 300 megawatts across six US sites, while the Norwegian project would serve generative-AI and large-language-model workloads. Barkers Point Capital Advisors supported the equity and debt financing.
Use of funds
Expand US data-centre capacity.
Develop an AI cloud service at the existing Norwegian data centre.
Funding history
First close of a $110m financing round · This roundUndisclosed
Senior debt financing$26M