U.S. data center and bitcoin mining company Arkon Energy is making a move for a potential first. The company is planning to list on Euronext Amsterdam through a merger with BM3EAC Corp., a Cayman Islands-based shell company.

This news comes after the two parties entered a 90-day exclusivity period on February 21st to solidify a definitive agreement. If successful, this merger would mark a significant milestone for both companies. Arkon would become the first bitcoin mining company to list on Euronext, a major European exchange. Currently, only one such company exists on the London Stock Exchange (Argo Blockchain) with the majority being listed on North American exchanges.

While the finer details are still being ironed out, Arkon brings a strong foundation to the table. The company boasts a combined 117 megawatts of approved operating capacity across its two data centers located in Hannibal and Hopedale, Ohio. Additionally, Arkon has agreements in place to develop further sites within the U.S., potentially increasing its capacity by an impressive 190 MW.

This potential merger signifies Arkon's ambition to expand its reach and potentially become a pioneer in the European bitcoin mining landscape. With its established data center infrastructure and plans for growth, Arkon's listing on Euronext could be a significant development for both the company and the cryptocurrency industry as a whole.