Mitesco Inc. Plans Tennessee Data Center Expansion, Considers Acquisitions, and Pursues Financing to Support AI Software Growth and Uplisting Goals
Reuters
Dec 13, 2025
Mitesco Inc. Plans Tennessee Data Center Expansion, Considers Acquisitions, and Pursues Financing to Support AI Software Growth and Uplisting Goals
Mitesco Inc. announced a strategic plan focused on expanding its Centcore data center division, with multiple potential locations under evaluation in Tennessee. The company aims to leverage Tennessee's low-cost and stable energy environment to support high-density compute and AI workloads, improve operating margins, and position Centcore as a national provider. Mitesco is also exploring both organic growth and strategic acquisitions, including the possible purchase of an established technology provider with a significant user base. The company is in discussions with investment banking professionals to secure substantial financing for these initiatives. Expanding Centcore's footprint is expected to directly support Mitesco's AI-driven software ecosystem, including its real-estate automation platform, RoboAgent. A long-term goal includes uplisting Mitesco's common stock to a senior national exchange.
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