Bitcoin Miner Compass Mining Establishes 75 MW Hosting Partnership with Compute North
Annie Li Jul 23, 2022 13:30
Compass Mining, a Bitcoin mining hosting and brokerage services firm based in Delaware, US, announced the completion of a partnership with colocation provider Compute North to secure at least 75 megawatts (MW) of energy capacity for its TIER 0™ data center in Granbury, Texas.
Compass Mining, a Bitcoin mining hosting and brokerage services firm based in Delaware, US, announced the completion of a partnership with colocation provider Compute North to secure at least 75 megawatts (MW) of energy capacity for its TIER 0™ data center in Granbury, Texas.
The agreement with the colocation provider also includes the ability to expand Granbury's additional colocation capacity from 300 MW to 600 MW.
Officially released reports say that miner installations will begin in August 2022 and continue for several months.
The announcement added that the company will deploy 25,000 ASICs at the Wolf Hollow factory, including next-generation bitcoin miners such as the Antminer S19XP, Antminer S19j Pro, and Whatsminer M30S++,
According to Compass, the facility is listed as one of the cleanest in its class because it is powered by a 1.1 gigawatt (GW) combined cycle natural gas-fueled power plant and uses an advanced gas turbine design and air cooling to Reduce carbon emissions and reliance on water.
The company said it will actively respond to the Electric Reliability Commission of Texas (ERCOT) policy by shutting down equipment and bringing stable energy loads when local users need the grid on a large scale.
Compass Mining offers a marketplace service for individual people to mine Bitcoin in facilities across Canada and the U.S.
On April 25 this year, Compass Mining, an American cryptocurrency mining firm said it was looking for buyers for its gears stranded in Russia in a bid to avoid being sanctioned by the United States Department of Treasury.
Image source: Shutterstock