Compute North Ranked Number One Among Fastest-Growing Private Companies in the Twin Cities Metro-Area by Minneapolis/St. Paul Business Journal
Eden Prairie-Based Company Owns and Operates TIER 0™ Data Centers Across the U.S. Focused on Cryptocurrency Mining and High Performance Computing
EDEN PRAIRIE, Minn., – Nov 2, 2021– Compute North has been ranked as the No. 1 fastest growing company by revenue in the Twin Cities metro area by the Minneapolis/St. Paul Business Journal at its Fast 50 Awards reception. The rankings were published October 28, 2021. To view the complete article, visit 2021 Fast 50: Data center company Compute North tops 2021 Fast 50 List.
Compute North has experienced stratospheric growth since its launch four years ago. Between 2018 and 2020, its revenue jumped from approximately one and a half million to more than 13 million dollars. That 687 percent growth rate is fueled by the innovative approach Compute North is taking to transform the data center by building and operating the lowest cost computing infrastructure in the world.
Compute North is meeting the growing demand for scalable, cost-effective digital infrastructure solutions for highly specialized computing needs. Driven by trusted leaders with deep experience in data centers, technology, and energy; the company is redefining how services are delivered for blockchain, cryptocurrency, and other distributed computing applications. With a consistent yet interruptible load profile, Compute North works collaboratively with power providers in support of developing an intelligent grid that relieves congestion, promotes renewables, and strengthens the stability of local power markets.
“We are proud of the work the Compute North team has accomplished over the past two years that has led to this prestigious acknowledgement from the Minneapolis/St.Paul Business Journal,” said Dave Perrill, Co-founder and CEO, Compute North. “As we continue to manage our growth, it is an honor and strategic advantage to be recognized locally for our successes.”
About Compute North
Compute North is the North American leader in TIER 0™ computing. The company provides efficient, low-cost, and highly scalable infrastructure for clients in the blockchain, cryptocurrency mining, and the distributed computing space. With operations in Texas, South Dakota, and Nebraska, Compute North brings a unique combination of data center, energy, and computing expertise to deliver the lowest cost computing in the world. For additional information, please visit www.computenorth.com.
About Fast 50
To be eligible, companies must be based in the Twin Cities 24-county metro area and show revenue of at least one million dollars in the first of their three most recent fiscal years. And, the companies had to increase revenue during each of the following two years. To confirm the accuracy of submissions, accountants from Wipfli validated all of the audited revenue from the past three fiscal years.
About Minneapolis/St. Paul Business Journal
The Minneapolis/St. Paul Business Journal is a multi-platform media company providing in-depth coverage of local business communities and breaking news reaching more than 491,000 readers each week. Through print, digital products such as its twice-a-day emailed news digests and face-to-face events, the Business Journal offers business leaders many avenues for making connections and gives them a competitive edge locally, regionally and nationally. Visit us at mspbj.com to learn more.
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