Mitesco's Centcore Division Targets Tennessee for Data Center Expansion and Potential Acquisitions

Mitesco, Inc. announced that its Centcore data center division is evaluating multiple locations across Tennessee as part of a strategic expansion initiative aimed at accelerating revenue growth, improving operating margins, and positioning it as a national provider. Brian Valania, General Manager of Centcore, stated that the potential for improved profits is greater in Tennessee, with lower-cost facilities, attractive power economics, and a strong base of technical resources. The company is assessing both the acquisition of an existing facility and the deployment of its own small-format buildout, which may enable entry into multiple markets quickly with significantly lower upfront expenditure than large-format approaches.

Valania added that several promising sites near Nashville, as well as rural locations offering favorable power infrastructure and compelling building attributes, have been identified. These properties are not currently used as data centers, but their structural characteristics make them excellent candidates for conversion into highly efficient operating environments. A core factor behind Centcore's interest in Tennessee is the state's exceptionally competitive power pricing, often among the lowest industrial electricity rates in the United States, driven largely by the stability and scale of the Tennessee Valley Authority (TVA).

Centcore's assessment highlights several advantages including lower operating expenses for high-density compute and AI workloads, more predictable long-term pricing versus many other regions, strong grid reliability suitable for data center expansion, and higher-margin service delivery for colocation, GPU hosting, and managed AI infrastructure. Mack Leath, CEO of Mitesco, reaffirmed the company's strategy to drive higher revenue levels through both organic growth and strategic acquisitions. Leath noted that conversations have begun with investment banking professionals about a substantial financing facility designed to support Centcore expansion, software initiatives, and potential acquisition opportunities.

The company is evaluating the possibility of acquiring a larger, established technology provider with a meaningful user base that could benefit from its software platforms and small-format, lower-cost data center approach. These steps align with the long-term vision of uplisting Mitesco's common stock to a senior national exchange. Mitesco also emphasized that expanding Centcore's footprint directly supports its AI-driven software ecosystem, including RoboAgent, the company's real-estate automation platform. As AI workloads become more compute-intensive, having a cost-optimized domestic data center network becomes a competitive advantage. A Tennessee presence allows support for both internal AI offerings and new enterprise clients with secure, flexible, and cost-efficient infrastructure. For more information about Centcore's services, visit https://www.centcoreusa.com.