Compass Mining Expands Operations With New Iowa Facility

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Compass Mining's expansion into Iowa, with plans to increase capacity by 12.5 MW, signals the company's commitment to growth and aligns with its strategy to manage 30 MW of power by 2024.

According to Odaily, Compass Mining has activated 3,000 Bitcoin mining machines at its newly partnered hosting facility in Iowa. The company plans to install an additional 1,000 machines by the end of September, increasing the facility's capacity by 12.5 megawatts (MW). This expansion is part of Compass Mining's broader strategy to grow its operations. By the end of 2024, the company aims to manage approximately 30 MW of power across various locations in the United States, including Indiana, Ohio, Nebraska, and Texas. The Iowa facility currently supports 1,600 customers, who now have the option to deploy their machines at the 'Iowa 3' site.

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