JUNE 2023 - Barkers Point Capital Advisors served as financial advisor to Arkon Energy in its $26MM capital raise, which facilitated a senior debt financing facility. The transaction closed with the company’s purchase of its first data center in the U.S. and was the second transaction Barkers Point Capital Advisors completed for this client. Arkon Energy buys, builds and operates world-class, sustainably powered data centers where baseload renewable electricity is over-supplied and physically constrained from being exported. This creates compelling economics and helps support the profitability of renewable power generation. Barkers Point Capital Advisors helped position the credit story to achieve a successful closing during one of the more turbulent periods in Bitcoin mining and data center history and on an accelerated timetable. The transaction was completed within five weeks of initially approaching potential investors.