Mitesco, Inc. has entered into a strategic partnership with United Commercial Partners, a Wilmington, Delaware–based financial services firm, to provide development financing for its data center business unit, Centcore. This partnership 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. The firm brings deep experience in commercial and specialty financing, well 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, emphasized that this partnership moves the company from strategy to execution, with three powered sites with existing HVAC and infrastructure currently under evaluation for conversion into operational Centcore data centers.
Leath explained that by combining lower-cost buildouts with competitive financing, Centcore is expected to reach positive cash flow materially sooner than traditional data center models. This relationship provides the speed, flexibility, and capital structure needed to scale operations effectively. The company is simultaneously 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 that pairs infrastructure with owned software, similar to Mitesco's deployment of the AI-based Robo Agent. While hosting third-party software creates baseline revenue, 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.
Mitesco 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. The company's forward-looking statements indicate expansion into new operations, data center development, and software acquisition initiatives, though actual results may differ materially 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.
