According to CoinDesk, Australian data center infrastructure provider Arkon Energy is expanding its business to the United States by acquiring a site in Hannibal, Ohio. The company has also raised $26 million in funding from Sandton Capital Partners. The data center in Ohio is designed to have a capacity of 100 megawatts (MW), and the company's computing power is expected to increase by 3.3 EH/s by the end of 2023. Arkon said it hopes the facility will provide a predictable revenue stream by providing server hosting services for Bitcoin mining companies.