Compass Mining Energizes 4.5 MW Bitcoin Mining Site in Iowa

Compass Mining, a prominent provider of Bitcoin mining infrastructure and services, has announced the energization of a new 4.5 megawatt (MW) site in Iowa, named Pioneer IA5. This project is a collaborative effort with DIGTB, an industrial developer specializing in energy infrastructure. The facility is designed to support self-mining operations for both companies, aligning with Compass Mining's strategy to optimize assets, enhance operational flexibility, and diversify revenue streams.

The partnership leverages the strengths of both companies. Compass Mining contributes the latest generation mining hardware and manages remote monitoring and reward distribution through its advanced hosting platform. DIGTB, on the other hand, secures competitive power contracts, builds the infrastructure, and oversees on-site operations, including maintenance and curtailment strategies. This collaboration ensures an efficient and sustainable operation, benefiting both parties.

Karoon Mackenchery, Director of Hosting Services at Compass Mining, emphasized the value of this partnership in maximizing resource utilization. By converting underutilized machines into productive assets, Compass Mining extends their service life and supports a more resilient and efficient operation. This partnership also allows Compass Mining to trial new infrastructure partners with minimal risk, potentially leading to future expansions with proven collaborators.

Paul Thiara, CEO of DIGTB, expressed excitement about the partnership, highlighting Compass Mining's industry leadership in Bitcoin miner hosting. As DIGTB continues to deploy capital toward larger-scale developments, including a 40 MW site, having a trusted partner like Compass Mining is crucial. Thiara praised Compass Mining's operational expertise and commitment to excellence, making them an ideal collaborator for future energy infrastructure projects.

Geoff Hunter, CEO of Hunter-Douglas International, LLC, which played a key role in coordinating the project, commended the flawless execution by all parties involved. He expressed enthusiasm for growing the relationship and continuing to work together on future projects.

This announcement follows Compass Mining's recent 13 MW expansion with Soluna, reflecting its broader strategy to serve miners of all sizes. Beyond retail hosting, Compass Mining continues to find innovative ways to align its resources with the right infrastructure, creating value for customers and partners alike. The company's mission is to make Bitcoin mining accessible to everyone, and this new site in Iowa is a significant step towards that goal.

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for Bitcoin mining hosting.

DIGTB, INC. is an industrial developer specializing in the acquisition, improvement, and repositioning of real estate assets with significant energy infrastructure. From power-intensive data centers and mining facilities to traditional commercial and industrial properties, DIGTB, INC. creates value by unlocking underutilized assets across North America. Founded by experienced operators, DIGTB INC. also actively owns and manages a diverse portfolio of conventional businesses and real estate holdings.