About Compute North
Compute North is a company based in Eden Prairie (United States) founded in 2017 by Dave Perrill.. 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 as of December 31, 2022. Compute North operates in a competitive market with competitors including Core Scientific, Bitdeer, ViaBTC, Bitfarms and Genesis Digital Assets, among others.
- Headquarter Eden Prairie, United States
- Employees 47 as on 31 Dec, 2022
- Founders Dave Perrill
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Compute North, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$110.1 M (USD)
in 7 rounds
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Latest Funding Round
$21.3 M (USD), Debt – Conventional
Oct 07, 2022
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Investors
Mercuria
& 4 more
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Employee Count
47
as on Dec 31, 2022
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Leadership Team
1 people
Software Development Team
1 people
Human Resources and Administration
1 people
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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 Total Funding
- Total Rounds 7
- Last Round Debt – Conventional — $21.3M
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First Round
First Round
(11 Feb 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series C - Compute North | Valuation | Marathon Digital Holdings |
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| Oct, 2022 | Amount | Debt – Conventional - Compute North | Valuation |
investors |
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| Feb, 2022 | Amount | Series C - Compute North | Valuation | Mercuria , Generate Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Renewable energy infrastructure investments are managed by Generate Capital.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward technology companies.
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Founded Year | Domain | Location | |
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Alternative investments in private credit, equity, and real estate are managed by Post Road Group.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Compute North
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Compute North
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Compute North Comparisons
Competitors of Compute North
Compute North operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Core Scientific, Bitdeer, ViaBTC, Bitfarms and Genesis Digital Assets, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI and blockchain infrastructure plus software solutions are offered.
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| domain | founded_year | HQ Location |
Developer of pool mining solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Online Bitcoin mining pool and monitoring services are provided.
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| domain | founded_year | HQ Location |
Cryptocurrency cloud mining solutions are provided via blockchain infrastructure.
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| domain | founded_year | HQ Location |
Profitable bitcoin mining operation services are provided globally.
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| domain | founded_year | HQ Location |
Online cryptocurrency pool mining platform is operated for users.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Compute North
Frequently Asked Questions about Compute North
When was Compute North founded?
Compute North was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Compute North located?
Compute North is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Who is the current CEO of Compute North?
Dave Perrill is the current CEO of Compute North. They have also founded this company.
Is Compute North a funded 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 C of $85M, raised on Feb 11, 2021.
How many employees does Compute North have?
As of Dec 31, 2022, the latest employee count at Compute North is 47.
What does Compute North do?
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.
Who are the top competitors of Compute North?
Compute North's top competitors include Bitdeer, ViaBTC and Core Scientific.
Who are Compute North's investors?
Compute North has 5 investors. Key investors include Mercuria, Marathon Digital Holdings, Generate Capital, National Grid Partners, and Post Road Group.