Compass Mining has initiated operations on the first part of its self-owned bitcoin mining facility in Iowa, the corporate introduced on Tuesday.
Compass Mining Powers Up First Section of 30 MW Iowa Undertaking
The preliminary 8-megawatt (MW) part of the 30 MW mission is now on-line, with development on remaining capability set to start in This fall 2025. Positioned on a 5-acre website, the announcement shared with Bitcoin.com Information states that the power expands Compass Mining’s portfolio of self-operated infrastructure, which permits shoppers to deploy machines on to the Iowa location.
Compass Mining CEO Paul Gosker acknowledged the transfer reinforces Compass’ management over operations and supplies prospects flexibility in selecting internet hosting websites. The Iowa facility follows the corporate’s current launch of a hydro-cooled mining website in North Dakota.
In 2024, Compass added almost 50 MW of energy capability throughout six U.S. states, together with Indiana, Ohio, and Texas. The agency acknowledged that the expansions align with its technique to develop self-owned infrastructure whereas sustaining partnerships with third-party internet hosting suppliers.
The corporate didn’t disclose projected timelines for full completion of the Iowa facility or related prices. “Increasing our self-owned infrastructure is an important step in strengthening Compass Mining’s place as a pacesetter in Bitcoin mining internet hosting,” stated Paul Gosker, CEO of Compass Mining. Gosker added:
Proudly owning and working our personal websites offers prospects higher operational management whereas nonetheless permitting them to select from our community of dependable third-party amenities to finest meet their particular person wants and preferences.
