About Compute North
Compute North is a Technology company based in Eden Prairie (United States) founded in 2017 by Dave Perrill. Renewable energy-powered cryptocurrency mining colocation is provided. It operates in the Technology and Financial Services sectors. Compute North has raised $110.1 million across 7 funding rounds from investors including Mercuria, Marathon Digital Holdings and Generate Capital. The company has 47 employees. Its chief executive, as recorded, is Dave Perrill. Its focus areas include High Tech, Blockchain Infrastructure, Mining and Tech Enabled Services. Its legal entity is COMPUTE NORTH, LLC. Its competitors include Core Scientific and Genesis Digital Assets; 2 of its 2 listed competitors have raised funding.
Company details
Compute North was founded in 2017 and is headquartered in Eden Prairie, United States. Operations focus on the cryptocurrency mining sector, where infrastructure powered by renewable energy is offered. Colocation services are provided, encompassing power, space, cooling, internet connectivity, physical racks, and security. Support is extended to mining of Bitcoin, Ethereum, Dash, Litecoin, Monero, and ZCash.
- Headquarters Eden Prairie, United States
- Employees 47
- Founders Dave Perrill
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website computenorth.com
- Social LinkedIn X Facebook
- Legal Name Compute North, Llc
- Total Equity Funding$110.1M (USD)
in 7 rounds
- Latest Funding Round$21.3M (USD), Debt – Conventional
Oct 2022
- InvestorsMercuria
& 4 more
- Employee Count47
Funding Insights of Compute North
Compute North has successfully raised a total of $110.1M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $21.3 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $110.1M
- Total Rounds 7
- Last Round Debt – Conventional — $21.3M
- First Round $10M
(Feb 2021)
- Investors Count 5
All 7 funding rounds of Compute North with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $10M | Series C | – | Marathon Digital Holdings | – |
| Oct 2022 | $21.3M | Debt – Conventional | – | – | |
| Feb 2022 | $85M | Series C | – | Mercuria, Generate Capital | |
| Feb 2022 | $300M | Debt – Conventional | – | – | |
| Apr 2021 | $5.1M | Series A | – | – | – |
| Feb 2021 | $10M | Series A | – | – | – |
| Feb 2021 | $15M | Debt – Conventional | – | – |
5 investors in total: 5 institutional.
Investors in Compute North
Compute North has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Mercuria, Marathon Digital Holdings and Generate Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Renewable energy infrastructure investments are managed by Generate Capital. | 2014 | generatecapital.com | San Francisco, United States | |
Venture capital investments are directed toward technology companies. | ngpartners.com | Los Gatos, United States | ||
Alternative investments in private credit, equity, and real estate are managed by Post Road Group. | 2015 | postroadgroup.com | Stamford, United States | |
Energy commodities are traded and physical oil services are provided. | 2004 | mercuria.com | Larnaca, Cyprus | |
Data centers for digital assets and energy solutions are operated. | 1997 | mara.com | Fort Lauderdale, United States |
Investor details for Compute North
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Compute North
4 people are tracked at Compute North (2 in leadership, 1 in board & advisors, 1 in team); the tracked headcount is 47.
| Name | Role | Group |
|---|---|---|
Dave Perrill | Founder & CEO | Leadership |
Andrew Prosser | Director of Software Engineering | Leadership |
Jose Lima | Director | Board & advisors |
Nancy Perez | Human Resources Manager | Team |
Complete people profiles for Compute North
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Timeline of Compute North
3 dated milestones of Compute North across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Compute North is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Debt – Conventional, of $21.3M.
Competitors of Compute North
Compute North has 2 listed competitors in our database, 2 of them funded. They include Core Scientific and Genesis Digital Assets.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| corescientific.com | 2017 | Bellevue, United States | $49M | 286 | AI and blockchain infrastructure plus software solutions are offered. | |
| genesisdigitalassets.com | 2021 | New York, United States | $556M | Profitable bitcoin mining operation services are provided globally. |
Detailed competitors of Compute North
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Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as Compute North (Blockchain & Decentralized Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 | ||
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | 708 | ||
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | 166 |
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Frequently Asked Questions about Compute North
Compute North was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Compute North is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Dave Perrill is the CEO of Compute North, as recorded in our data. They have also founded this company.
Compute North is a funded company, having raised a total of $110.1M across 7 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Feb 2021.
Compute North has 47 employees.
Compute North was founded in 2017 and is headquartered in Eden Prairie, United States. Operations focus on the cryptocurrency mining sector, where infrastructure powered by renewable energy is offered. Colocation services are provided, encompassing power, space, cooling, internet connectivity, physical racks, and security. Support is extended to mining of Bitcoin, Ethereum, Dash, Litecoin, Monero, and ZCash.
Compute North's top competitors include Core Scientific and Genesis Digital Assets.
Compute North has 5 investors. Key investors include Mercuria, Marathon Digital Holdings, Generate Capital, National Grid Partners, and Post Road Group.
Compute North operates through Compute North, Llc.