Bitcoin mining company Compass Mining announced a new 25 MW Bitcoin mining facility in Texas. The facility has been fully built and will be operational by the end of the year with an initial capacity of 5 MW, which will be expanded to 25 MW by early January 2025. Compass also plans to expand the capacity of the facility to 60 MW by the third quarter of 2025.
The new facility will accommodate mining machines relocated from Compass's existing sites as well as newly deployed equipment. By January 2025, new customers who purchase mining machines through the Compass platform will have the option to deploy at the "Texas 6" site.