Compass Mining starts using 3,000 Bitcoin mining machines in Iowa, plans to add 1,000 more in September

On September 10th, mining company Compass Mining deployed 3,000 Bitcoin mining machines in its newly partnered Iowa hosting facility, with plans to install an additional 1,000 machines in September. This expansion will increase the facility's capacity by 12.5 megawatts (MW). According to Compass Mining, this move is part of its strategy to expand operations. By the end of 2024, the company plans to manage approximately 30 MW of power across multiple locations in the United States, including Indiana, Ohio, Nebraska, and Texas.