Compass Mining Expands Operations in Texas, Enhancing Bitcoin Mining Capabilities and Services

Compass Mining has announced the expansion of its operations in Texas by establishing a new 25 megawatts (MW) Bitcoin mining facility, further solidifying its presence in the region. The new facility, which is already fully built out, will be operational with an initial capacity of 5 MW by the end of this year and scale up to 25 MW in early January 2025.

The additional capacity at the Texas site will not only provide a seamless experience for existing customers but also cater to the growing demand from new clients. By January next year, Compass Mining will offer the option for its clients to deploy their machines at this facility, ensuring continuity and a reliable hosting solution.

This strategic move is part of Compass Mining’s mission to make Bitcoin mining accessible to everyone. The company aims to achieve this by leveraging its expertise in navigating unique grid dynamics and local resources, providing high-quality services that meet its customers’ expectations.

Compass Mining has already energized approximately 50 MW of power capacity across facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add an additional 35 MW by January 2025. This significant expansion underscores the company’s commitment to expanding its footprint and catering to the increasing demand for Bitcoin mining solutions.

“We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources,” said Paul Gosker, CEO of Compass Mining. “We will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet our high standards.”

The new facility’s dual approach combines vertical integration through proprietary facilities like the Iowa 4 site with partnerships at third-party facilities renowned for their high uptime and reliability. This strategy allows Compass Mining to maintain operational flexibility while delivering reliable hosting solutions.

Compass Mining has established itself as a customer-first company, committed to exceptional customer support and transparency.

Source: www.crypto-news.net