According to Foresight News, Arkon Energy, a Bitcoin mining company that uses renewable electricity for mining, has completed a $28 million financing round led by digital asset market maker Blue Sky Capital, with participation from Kestrel 0x1, Shima Capital and others.

Arkon Energy said in a statement that the financing was a combination of senior debt and equity capital. In addition, Arkon Energy also acquired Norwegian renewable energy data center Hydrokraft AS, but did not disclose the terms of the transaction.