Compass Mining will get 27 MW to house miners in Texas

Compass Mining will get 27 MW to house miners in Texas

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The company will install 9,000 cryptocurrency mining devices at a solar-powered site Compass Mining will get 27 MW of power to connect its mining equipment. The company has entered into an agreement to host about 9,000 bitcoin mining devices at Aspen Creek Digital Corporation's data center, The Block reports.

Aspen Creek currently has two computing clusters, one with 6 MW in Colorado and the other with 30 MW in Texas. Compass Mining's equipment will be located on a Texas solar-powered platform.

Compass Mining will begin installing machines at the new site by the end of this year. The equipment will include ASIC miner models such as Bitmain's Antminer S19 XPs and Antminer S19j Pro.

The company, headquartered in Texas, operates data centers in the U.S. and Canada and sells equipment and hosts customer equipment. Compass Mining previously did business in Russia, but shut it down after sanctions were imposed.

In June, hosting provider Dynamics Mining announced the termination of its contract with Compass Mining, accusing it of non-payment of electricity bills. But the company sued its former partner, and eventually got access to its equipment, which had been shut off.

In July, the company changed management. In addition, as part of the restructuring, Compass Mining laid off 15 percent of its employees and reduced the compensation of the company's executives by 50 percent.

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Author: soft4bro

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