Post Road Group closed a $25 million senior secured loan to refinance debt for Compute North, a computer infrastructure and cryptocurrency mining company.
Houlihan Lokey, a California-based investment bank, advised Compute North on the financing and debt.
Post Road Group is a privately-held, U.S.-based investment group that focuses on private credit and private equity investments in the telecommunications, media, technology, business services and real estate industries.
“Compute North has been a pioneer in the TIER 0 data center market, serving as a next-generation solution for blockchain and high-performance computing,” Michael Bogdan, managing partner of Post Road Group, said. “We are excited to partner with Compute North and provide growth capital to help the company expand its operations and continue to offer efficient, scalable infrastructure services to its customers.”
“We started Compute North because we saw a unique opportunity to bring together our data center and power expertise and offer our customers a better alternative. We have stood out by providing best in class service, fair and transparent pricing and operational excellence,” Dave Perrill, CEO of Compute North, said. “This injection of capital allows the company to meet customer demand, innovate our services and expand our great team.”
