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 facilities designed 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. The firm brings experience in commercial and specialty financing beyond traditional residential lending and looks forward to supporting Centcore's expansion with flexible capital solutions designed for growth-oriented data center development.
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, explained that this partnership moves the company from strategy to execution. The company is actively evaluating three powered sites with existing HVAC and infrastructure, which positions them to convert facilities 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.
Leath added 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 goal is to build a vertically integrated platform pairing infrastructure with owned software, similar to the company's deployment of the AI-based Robo Agent. 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.
Forward-looking statements in the press release are based on the company's current plans, assumptions, beliefs, and expectations, with actual results potentially differing due to risks including financing availability, execution risk, litigation exposure, and other factors disclosed in the company's filings with the Securities and Exchange Commission, available at https://www.sec.gov.
