Mitesco Secures Financing Partnership to Accelerate Data Center Expansion and Software Integration Strategy

Mitesco, Inc. has entered into a strategic partnership with United Commercial Partners to provide development financing for its data center business unit, Centcore. The Wilmington, Delaware–based financial services firm will support project-level financing for Centcore's modular small-format data center initiatives, enabling faster deployment of capital-efficient facilities designed to meet growing demand for edge compute, AI workloads, and localized cloud infrastructure. Chris Rappucci of United Commercial Partners stated that partnering with Mitesco and Centcore creates a compelling opportunity to scale nationally across digital infrastructure projects, with the firm bringing deep experience in commercial and specialty financing 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, emphasized that this partnership moves the company from strategy to execution, with active evaluation of three powered sites with existing HVAC and infrastructure that could be converted into operational Centcore data centers faster and at significantly lower cost than ground-up construction. By combining lower-cost buildouts with competitive financing, Centcore is expected to reach positive cash flow materially sooner than traditional data center models.

Simultaneously, 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 pairing infrastructure with owned software, similar to its deployment of the AI-based Robo Agent. Leath explained that hosting third-party software creates baseline revenue, but the real margin opportunity comes from applications the company owns and deploys. 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 the company's filings with the Securities and Exchange Commission is available at https://www.sec.gov.