Compass Mining Powers Up First Phase of 30 MW Iowa Project
Compass Mining has initiated operations at the first phase of its self-owned bitcoin mining facility in Iowa, the company announced on Tuesday.
The initial 8-megawatt (MW) phase of the 30 MW project is now online, with construction on remaining capacity set to begin in Q4 2025. Located on a 5-acre site, the announcement shared with Bitcoin.com News states that the facility expands Compass Mining’s portfolio of self-operated infrastructure, which allows clients to deploy machines directly to the Iowa location.
Compass Mining CEO Paul Gosker stated the move reinforces Compass’ control over operations and provides customers flexibility in choosing hosting sites. The Iowa facility follows the company’s recent launch of a hydro-cooled mining site in North Dakota.
In 2024, Compass added nearly 50 MW of power capacity across six U.S. states, including Indiana, Ohio, and Texas. The firm stated that the expansions align with its strategy to grow self-owned infrastructure while maintaining partnerships with third-party hosting providers.
The company did not disclose projected timelines for full completion of the Iowa facility or associated costs. “Expanding our self-owned infrastructure is a crucial step in strengthening Compass Mining’s position as a leader in Bitcoin mining hosting,” said Paul Gosker, CEO of Compass Mining. Gosker added:
Owning and operating our own sites gives customers greater operational control while still allowing them to choose from our network of reliable third-party facilities to best meet their individual needs and preferences.