Compass Mining Doubles Its Capacity With New Venture In Ontario

Compass Mining, the one-stop-shopping online bitcoin mining and hosting service announced today it is doubling its capacity by 140MW to 240MW making it the largest service of its kind in the world.

Compass is partnering with Red Jar Digital Infrastructure to host a new mega facility in Ontario, Canada to provide Compass miners with what the announcement says is “marking the largest amount of power ever allocated for the company’s miners at a single facility”.

“More than doubling our current capacity with this newest deal is a big step forward in Compass Mining’s business model to provide retail bitcoin miners with the ability to compete at an institutional level,” said Compass Mining CEO Whit Gibbs. “We are excited to take advantage of the larger capacity and host an exponentially greater number of ASICs, better serving our customers’ desires to mine bitcoin while reducing their overall impact on the environment.”



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