Highlights
- Compass Mining expands operations with a new 25 MW Bitcoin mining facility in Texas.
- The Texas 6 site combines relocated and new mining machines for seamless operations and high reliability.
- An additional 35 MW of power capacity will be added by early 2025 across multiple U.S. states.
Overview
Compass Mining has launched a new Bitcoin mining farm in Texas with a 25 MW capacity. The facility is fully developed and will begin operations at 5 MW by the end of 2024, scaling to 25 MW by early January 2025. Further expansion plans aim for a total capacity of 60 MW by Q3 2025.
This initiative is part of Compass Mining’s broader strategy to enhance its hosting network across North America, serving both existing and new customers.
Texas 6 Operations
- Integrated Mining Machines: Combines relocated machines from existing facilities with new mining equipment.
- Customer Deployment: Starting January 2025, customers purchasing mining machines from Compass can deploy them at Texas 6.
- Operational Standards: Compass Mining ensures high reliability by hiring skilled technicians to minimize failure rates.
Reliability and Customer Focus
Compass Mining employs a dual-strategy hosting approach:
- Proprietary Facilities
- Third-Party Partnerships
This model allows flexibility while maintaining high uptime and operational efficiency.
👉 Discover how Compass Mining ensures peak reliability
Expansion Plans
Power Capacity Growth
- 50 MW already deployed across Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas.
- 35 MW additional capacity planned by early 2025.
Nationwide Projects
- Iowa Facility: 8 MW starting January 2025, scaling to 30 MW later in the year.
- Nebraska Hosting Site: 2,400 Bitcoin mining machines operational, offering deployment options for customers.
Industry Context
With the Bitcoin network’s hashrate at record highs, efficient mining solutions are in demand. Compass Mining’s expanding infrastructure positions it to meet these needs while maintaining service quality.
👉 Learn why Texas leads in Bitcoin mining
FAQs
1. What is the capacity of Compass Mining’s new Texas facility?
- The facility starts at 5 MW in 2024, scaling to 25 MW by January 2025, with plans to reach 60 MW by Q3 2025.
2. Can customers deploy their own mining machines at Texas 6?
- Yes, starting January 2025, customers can deploy purchased machines at this site.
3. How does Compass Mining ensure operational reliability?
- By integrating skilled technicians and maintaining strict operational standards across facilities.
4. What other states is Compass Mining expanding into?
- Iowa, Nebraska, Indiana, Ohio, Kentucky, with additional MW capacity planned.
5. Why is Texas a key location for Bitcoin mining?
- Low energy costs, favorable regulations, and robust infrastructure make it ideal for mining operations.