State of Alaska Launches InvestNorth, an Online Platform to Finance Infrastructure and Open the Door to Citizen Participation

InvestNorth gives developers a toolkit to manage infrastructure and emerging technology deals and is expected to bring Alaskans into public-private partnerships

ANCHORAGE, Alaska, Nov. 9, 2026 /PRNewswire/ -- Governor Mike Dunleavy today announced two initiatives to bring new investment and industry to Alaska:

• Alaska Data Corporation LLC (AKDC), a new Government entity that will support emerging technology and industries coming to Alaska
• InvestNorth, a state-sponsored infrastructure financing platform. Both were developed in partnership with Plural, an infrastructure finance platform for the builders of energy and digital infrastructure.

The first industry InvestNorth and AKDC are targeting is digital infrastructure through capital that has been set aside to invest in technology projects statewide, which is intended to create jobs, open new investment opportunities and expand the State's sources of revenue.

"As the Country debates data centers, in Alaska, we have an opportunity to learn from what has occurred in other states and do it better here in our great state," said Governor Dunleavy. "For decades, Alaska has demonstrated it can manage its resources well for the benefit of all of its people. If there is an opportunity for data centers here in Alaska, let's do it right. Let's build them the right way, let's locate them in the right places, and let's explore how individual Alaskans can have an ownership stake so that they clearly and directly benefit all Alaskans. Here in Alaska, we can demonstrate to the world how to do data centers well, so they are a positive, not a negative."

"We've been blown away by the vision, eagerness to innovate, and ability to tackle complex problems that Governor Dunleavy and the AKDC team have shown," said Adam Silver, CEO and Co-Founder of Plural. "The infrastructure behind AI is one of the largest capital needs in a generation, and Alaska has recognized that capturing it requires new ways to finance it. Plural's Deal Factory will accelerate bringing Public Private Partnership opportunities to market and AssetOS gives developers, government, investors and citizens a single, transparent source of truth to build out a critical industry for the state."

InvestNorth runs on Plural's AssetOS, which helps infrastructure developers manage investor commitments, waterfall payments, transactions and more. AKDC and Plural expect the platform to support individual investors, with some opportunities made available solely to Alaska residents, adding a new participant to public-private partnerships. Any such opportunities would be offered only in accordance with applicable federal and state securities laws and FINRA rules, and would be subject to applicable regulatory requirements and approvals. No offering is being made at this time, and structure, timing and terms have not been determined.

Alaska Data Corporation LLC

Alaska Data Corporation will work with developers of digital infrastructure to site distributed data centers in communities across Alaska, with the goal of bringing new investment, jobs and digital capacity to the state. As an AIDEA subsidiary, Alaska Data Corporation is designed to put State capital to work alongside private developers, so that the value created by Alaska's data center buildout stays in Alaska.

InvestNorth

InvestNorth uses tokenization, which turns ownership in an asset into secure digital records. Each record carries the project's rules — who owns what, how money is paid out, and who oversees it — and the platform follows those rules automatically. That means every payment and ownership change is tracked and visible to everyone involved.

"As we looked at the tools available to bring new projects to the State that are aligned with Alaskan interests, tokenization was an obvious choice to make projects more transparent, accessible, and automated," said Brandon Brefczynski, Deputy Executive Director of AIDEA and President of Alaska Data Corporation.

Learn more at https://investnorth.com/. For more information about Plural, please visit www.pluralfinance.com/.

ABOUT PLURAL

Plural is the Capital Markets platform for the builders of energy and compute infrastructure. Purpose-built so developers building energy, compute, transportation, and adjacent assets can create a financial program once and deploy it at any scale, Plural combines banking and advisory services with proprietary software to structure, execute, and permanently run the capital programs that fund next-generation infrastructure. Plural holds SEC transfer agent registration and Plural Brokerage, LLC is a FINRA member broker-dealer. Since launching in 2024, Plural has managed the full asset lifecycle for its clients, from investor onboarding and compliance to distribution processing, secondary trading, and ongoing administration. The company's team brings experience from Morgan Stanley, Goldman Sachs, Standard Chartered, EDF Renewables, and other leading institutions.

ABOUT AIDEA

The Alaska Industrial Development and Export Authority is a public corporation of the State of Alaska. AIDEA's purpose is to promote, develop, and advance the general prosperity and economic welfare of the people of Alaska.

ABOUT ALASKA DATA CORPORATION LLC

The Alaska Data Corp is a wholly-owned subsidiary of AIDEA launched for the purpose of enabling the development of digital and next generation infrastructure across the State of Alaska.

MEDIA CONTACT

Tess Pawlisch
608-333-9788
[email protected]

Brandon E. Brefczynski
[email protected]
(907) 771-3049

This release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security. No securities are being offered at this time. Any future offering would be made only pursuant to definitive offering documents and only to persons eligible to participate under applicable law. Statements regarding future plans are forward-looking and subject to change.

SOURCE Plural; Alaska Industrial Development and Export Authority