Compass Mining has activated a ten-megawatt Bitcoin mining operation in Texas, collaborating with ONMINE to strengthen its vertically integrated infrastructure approach.
The initiative grants Compass oversight of daily management while implementing a profit-sharing agreement and shared responsibility for energy cost risks with the property owner. The facility achieved full operational capacity in July following a phased activation. Compashopes to convert the entire location to enterprise-level client hosting by October.
“This collaboration marks Compass Mining’s shift from a hosting platform to a comprehensive mining infrastructure provider,” stated Karoon Mackenchery, Compass Mining’s Hosting Services Director. The framework involves overseeing electricity agreements and ensuring uptime commitments for institutional partners.
ONMINE secured the location and its grid connection to ERCOT, while Giga Energy provided portable air-cooled data centers to expedite setup. This enables Compass to deliver a competitive, ready-to-use hosting service within Texas’ electricity market.
The Texas project follows recent expansions in Iowa and West Texas. Executives emphasized it highlights Compass’s goal to establish a national network of industrial-scale sites catering to both retail and institutional mining clients.
Compass Mining currently operates facilities across multiple U.S. states, including Indiana, Ohio, Nebraska, and North Dakota, as well as Canadian regions like Manitoba and Ontario.
Texas remains a prime Bitcoin mining hub, driven by cost-efficient, plentiful power resources—particularly renewables and natural gas—combined with tax benefits, open energy markets, and business-friendly regulations.
Source: cryptonews.net
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