Compass Mining, a leading provider of Bitcoin mining infrastructure and services, has announced the opening of a new mining site in Minnesota with a capacity of 7.5 MW.
Description of the New Mining Site
Compass Mining has launched a new mining site in Minnesota on the company's hosting platform called 'Minnesota 2'. This facility increases available capacity and underscores the company's commitment to operational control and predictable performance.
Partnership with AAIM
Under the project structure, AAIM owns the facility and provides the infrastructure, while Compass Mining operates the site, implementing the agreed power strategy and performing constant monitoring. This collaboration is designed to give customers more options while maintaining high uptime and service quality.
Benefits for Clients
'Minnesota 2' is located within the Midcontinent Independent System Operator (MISO) market, ensuring predictable energy costs and reliability. This location offers clients geographical and market diversification. Karoon Mackenchery, Director of Hosting Services at Compass Mining, stated: 'By operating the site directly, we can deliver a better experience and offer more options aligned with our customers’ mining strategies.'
The opening of the new 'Minnesota 2' mining site continues Compass Mining's strategy to expand its network of facilities and provide consistent operations and value to clients.
