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Compass Mining Expands into Iowa with New 30 MW Bitcoin Mining Facility

Newswire.ca - Tue Nov 19, 2024 Columnist Contributor Content Press Release Sponsored Content

The new, fully self-owned facility enhances Compass's capacity and offers customers greater choice for machine deployment

WILMINGTON, Del., Nov. 19, 2024 /CNW/ -- Compass Mining ("Compass" or the "Company"), a leading provider of Bitcoin mining hardware, hosting, and services, today announced its acquisition of property and power agreements to establish a state-of-the-art mining facility in Iowa. Construction is already underway on the expandable facility, with an initial 8 megawatts (MW) scheduled for energization in January 2025 and plans for expansion up to 30 MW as Compass pursues additional infrastructure investments.

Read more at newswire.ca

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