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Compute North Ranks No. 96 on the 2022 Inc. 5000 Annual List

Date Published

08/16/2022

With a Three-Year Revenue Growth of 4,427 Percent, Compute North Receives Ranking No. 96 Among America’s Fastest-Growing Private Companies

EDEN PRAIRIE, Minn. – August 16, 2022 – Today, Inc. revealed that Compute North is No. 96 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies in the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“Compute North’s trajectory has been driven by the strength of our partnerships with companies across the technology, cryptocurrency, and energy sectors, the unity and mindset of the people who power this company every day, and our investors, who had the courage to look far into the future and understood the potential this organization has,” said Dave Perrill, CEO and Co-Founder of Compute North.

In the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, Editor-in-Chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”

“For Compute North, the success of the past three years highlights the strong relationships we have built as an organization to become a leader in TIER 0™ data centers,” said Kristyan Mjolsnes, Vice President of Marketing of Compute North. “Recognition in a group of peers like the Inc. 5000 is a notable achievement for our entire company for a number of reasons; it helps to further validate our business model and our goals to reshape how we power the technology that will grow America’s digital future.”

Compute North has grown exponentially with fewer than 10 employees in 2018 to a team of more than 80 at the close of 2021, and continues to scale. In 2022, the company announced nearly 600MW of capacity from two new data centers in Texas, following the successful close of $385 million in strategic funding earlier this year.

About Compute North

Compute North is the leader in TIER 0™ data centers, focused on delivering the most sustainable, cost-effective computing in the world. The company provides efficient, highly scalable infrastructure for clients in the blockchain, cryptocurrency mining, and the distributed computing space. With operations across the United States, Compute North brings a unique combination of data center, energy, and technology expertise to meet the growing demand for purpose-built infrastructure solutions for highly specialized computing needs. For additional information, please visit www.computenorth.com.

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More about Inc. and the Inc. 5000

Methodology

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

About Inc.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/

Date Published

08/16/2022

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