BitValue Capital, a Toronto-based investment firm focused on digital infrastructure, announced the launch of Africa Growth Fund II in partnership with FLock.io, a decentralized AI platform focused on privacy-preserving technologies. The fund has a total commitment of $200 million and targets large-scale infrastructure projects across Africa.
The strategy centers on building an integrated “energy-mining-computing-application” model. The fund will invest in energy generation using coal, solar, and wind to secure stable and low-cost electricity. This base is intended to support continuous operations of data centers and industrial facilities.
In the initial phase, projects will focus on digital asset mining to generate revenue. Over time, infrastructure will shift toward GPU-based computing clusters for AI training and processing. The goal is to align with global demand for computing power while using local energy resources.
The partnership with FLock.io adds a technological layer. The companies will deploy AI node centers using federated learning and privacy-preserving systems. This approach allows data to be processed locally while maintaining security and compliance with data sovereignty requirements.
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