Unblock, the energy infrastructure startup, has raised $13.5 million to scale its efforts in converting stranded energy into computing power. Backed by Goldcrest Capital and Collaborative Fund, the round also includes Pampa Energia, Grupo Sielecki, FJ Labs, NYDIG, Luxor Technology, and Sunna Ventures. Prominent Latin American entrepreneurs also joined the investment, signaling strong regional confidence in the company’s mission.
The company installs modular data centers at oil fields and renewable energy sites where stranded energy is often wasted. These units capture flared gas and curtailed renewables, turning them into productive computing resources. This innovation not only generates value for energy producers but also reduces 142,000 tons of CO2 emissions annually.
“Unblock is building at the intersection of rising AI energy demand and Latin America’s underutilized energy capacity,” said Tomas Ocampo, CEO and founder. “Latin America’s infrastructure challenges create ideal conditions for elastic computing. Our vision supports midstream infrastructure and balances energy volatility.”
Craig Wilson, Partner at Collaborative Fund, emphasized the company’s dual mission. “We invest in ventures that deliver impact and strong returns,” he said. “Unblock combines purpose with performance, and Tomas’ execution made our decision easy.”
The rising issue of gas flaring in Argentina has accelerated Unblock’s operations. Currently, the company runs the world’s second-largest computing fleet in oil field locations. Two upcoming projects will double Unblock’s capacity by September, enabling faster utilization of stranded energy resources.
“We’re excited to back Unblock’s scalable solution,” said Dan Friedland, Managing Partner at Goldcrest Capital. “Their use of proven technology and local execution positions them to unlock Latin America’s stranded energy potential. Their rapid growth from 0 to 15MW shows clear execution strength.”
The fresh funding will drive Unblock’s hiring push across engineering and field teams. It will also support their vertical integration of data center production within Latin America. These strategic steps ensure Unblock can meet demand and expand its reach while solving real-world energy challenges.
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News Source: Businesswire.com
