Energizes Over 50 MW in 2024 Throughout Six States, with 35 MW Coming On-line by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Firm”), a number one supplier of Bitcoin mining {hardware}, internet hosting, and operational options, proudly proclaims the addition of a brand new 25 megawatts (MW) Bitcoin mining facility in Texas to its rising community of North American operations. The ability is already totally constructed out and might be operational with an preliminary 5 MW of capability by yr’s finish, scaling to 25 MW in early January 2025. Compass additionally plans to develop the power’s capability to 60 MW by Q3 2025.
The brand new Texas facility will home a mixture of relocated machines from Compass’s present websites, in addition to newly deployed models, guaranteeing continuity for present prospects whereas providing new purchasers a seamless and turnkey Bitcoin mining expertise. By January 2025, new prospects buying machines via Compass’s platform may have the choice to deploy them on the “Texas 6” website.
“Our new Texas facility represents one other milestone in our mission to make bitcoin mining extra accessible for everybody,” mentioned Paul Gosker, CEO of Compass Mining. “We deliver a wealth of expertise from efficiently working at a number of areas throughout Texas, navigating the distinctive grid dynamics and leveraging native assets. For this website, we’ll present our help and experience, together with aiding our website companion in hiring professional technicians who meet Compass’s excessive requirements. This ensures excessive uptime and reliability, delivering the standard our prospects count on.”
Compass’s technique combines vertical integration via proprietary amenities, similar to the brand new Iowa 4 website, with partnerships at third-party amenities famend for top uptime and reliability. This twin method permits the corporate to keep up operational flexibility whereas delivering dependable internet hosting options. The corporate has energized a complete of roughly 50 MW of energy capability throughout mining amenities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans so as to add one other 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first firm that gives a platform for people and companies to buy Bitcoin mining {hardware}, host machines, construct and handle mining amenities, and entry a spread of ancillary companies. With a dedication to distinctive buyer help and transparency, Compass Mining units the benchmark for bitcoin mining internet hosting. Its mission is to make Bitcoin mining accessible to everybody. To study extra about Compass Mining or to begin mining at the moment, go to compassmining.io.
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