Compass Mining – DIGIT INFO

Bitcoin Mining Firm Compass Establishes 30 MW Site in Iowa

DIGIT — Tue, 19 Nov 2024 21:32:06 +0000

Compass Mining is constructing a new Bitcoin mining facility in Iowa, aiming to expand its self-owned infrastructure portfolio in the United States. Compass Mining’s Iowa Expansion Highlights Growing U.S. Presence Compass Mining has announced the development of a bitcoin mining facility on a five-acre site in Iowa. The company plans to energize eight megawatts (MW) […]

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Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea

DIGIT — Wed, 09 Oct 2024 21:16:24 +0000

Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining, […]

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Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility

DIGIT — Mon, 09 Sep 2024 19:46:14 +0000

Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass Mining shared that it has energized 3,000 machines at the new site, with plans for an additional […]

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Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1

DIGIT — Wed, 05 Apr 2023 01:08:51 +0000

With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes.

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Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design

DIGIT — Wed, 08 Mar 2023 06:30:36 +0000

Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three issues” with two different Antminer S19 series mining devices. Bitcoin Miner […]

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Compass Mining sued for losing Bitcoin mining machines bought by customers

DIGIT — Thu, 19 Jan 2023 10:43:21 +0000

The lawsuit alleges that Compass Mining didn’t disclose to Bit River that it was only the ‘middleman,’ not the owner of its customers’ machines.

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Aspen Creek Digital and Compass Mining to Host Thousands of Bitcoin Mining Rigs at Texas Solar Farm

DIGIT — Wed, 26 Oct 2022 20:00:53 +0000

On October 26, the bitcoin mining operator Aspen Creek Digital Corporation (ACDC) announced that the company has commenced operations at its solar farm-powered high performance computing center (HPCC) in Texas. ACDC further detailed that the company inked a deal with the firm Compass Mining in order to host 27 megawatts (MW) of capacity, which will […]

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Compass Mining to add 25,000 ASIC miners just weeks after staff cuts

DIGIT — Fri, 22 Jul 2022 05:50:44 +0000

The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before.

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Compass Mining retrenches 15% of staff, execs to take major pay-cuts

DIGIT — Fri, 08 Jul 2022 13:20:06 +0000

Compass Mining parts ways with 15% of its workforce while senior employees and executives take major pay-cuts in the wake of the cryptocurrency downturn.

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Compass Mining loses facility after allegedly failing to pay power bill

DIGIT — Tue, 28 Jun 2022 06:07:54 +0000

The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bills.

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