Compass Mining Launches Advanced 30 MW Bitcoin Mining Facility in Iowa

Compass Mining, a renowned provider of Bitcoin mining hardware and operational solutions, recently unveiled its new self-owned Bitcoin mining facility in Iowa. This facility is not just a technological leap; it represents a strategic expansion that highlights the company's commitment to growth and innovation in cryptocurrency mining.

First Phase Now Operational

The initial phase of this state-of-the-art facility, boasting an 8 megawatt (MW) capacity, is now fully operational. Future phases are set for construction to commence in the fourth quarter of this year, ultimately elevating the total capacity to a remarkable 30 MW. This strategic decision to invest in a self-owned facility is a game-changer for Compass Mining, as it allows for enhanced operational control and offers greater flexibility to customers.

Located on a five-acre greenfield site, the Iowa facility is a significant addition to the company’s infrastructure portfolio. As the cryptocurrency market evolves, having a proprietary site enables Compass Mining to tailor services to meet the specific needs of its clientele. Customers can now choose this facility, referred to as