Compass to Energize 8 MW Self-Owned Bitcoin Mining Site in Iowa

Bitcoin mining hosting and hardware provider Compass Mining has acquired property and power agreements to build proprietary infrastructure in Iowa, the company announced on Tuesday.

Construction is already underway, Compass said, with 8 megawatts (MW) of capacity expected to be energized in January, and plans to expand the site to 30 MW pending additional infrastructure investments.

Once operational, customers will have the option to deploy new machines purchased through Compass at the new site, designated “Iowa 4,” the company said.

The move comes as Compass aims to reduce counterparty risk by expanding its proprietary power portfolio. Historically, the company has relied on third-party facilities to host its customers’ mining hardware.

The Ohio project follows Compass’s recent facility energizations in Kentucky and Nebraska earlier this year. In total, the firm has added nearly 50 MW of new power capacity year-to-date across Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas.

Power plant and mining site image generated by AI and does not represent real-life infrastructure