Mitesco, Inc. has entered into a strategic partnership with financial services firm United Commercial Partners to provide development financing for its data center business unit, Centcore. This partnership represents a significant step in executing the company's digital infrastructure strategy, with implications for how businesses access edge computing resources and AI workload capabilities.
The financing arrangement will support project-level funding for Centcore's modular small-format data center initiatives, enabling faster deployment of capital-efficient facilities. These facilities are designed to meet growing demand for edge compute, AI workloads, and localized cloud infrastructure. According to Chris Rappucci of United Commercial Partners, "Partnering with Mitesco and Centcore creates a compelling opportunity to scale nationally across digital infrastructure projects." The firm brings experience in commercial and specialty financing that extends beyond traditional residential lending.
Centcore's small-format data centers are purpose-built to serve enterprise, government, and emerging AI applications, emphasizing rapid deployment, scalable capacity, and proximity to end users. The financing partnership is expected to streamline Centcore's development timelines while improving overall project economics. Mack Leath, CEO of Mitesco, stated, "This partnership moves us from strategy to execution. We are actively evaluating three powered sites with existing HVAC and infrastructure, which positions us to convert facilities into operational Centcore data centers faster and at significantly lower cost than ground-up construction."
The strategic importance extends beyond infrastructure financing. Leath explained that Mitesco is advancing its software strategy and is currently in discussions with three application software businesses about integrating their operations into newly formed subsidiaries. The company aims to build a vertically integrated platform that pairs infrastructure with owned software, similar to its deployment of the AI-based Robo Agent. "Hosting third-party software creates baseline revenue, but the real margin opportunity comes from applications we own and deploy," Leath said. He added that customers running Mitesco's software inside Centcore facilities will have strong incentives to consolidate additional workloads away from hyperscalers like AWS, Microsoft Azure, and Google Cloud.
This integrated approach positions Mitesco to accelerate revenue growth, expand margins, and build a differentiated infrastructure-plus-software ecosystem. The company continues to advance Centcore as its dedicated data center business unit as part of a broader strategy focused on digital infrastructure, AI enablement, scalable technology solutions, and accretive acquisitions. More information about Centcore's services can be found at https://www.centcoreusa.com, while regulatory filings are available through the Securities and Exchange Commission at https://www.sec.gov.
