Compass Mining has begun operations at the first phase of its wholly-owned bitcoin mining facility in Iowa, the company announced on Tuesday.
The initial 8-megawatt (MW) phase of the 30 MW project has now commenced operations, while construction on the remaining capacity is set to begin in Q4 2025. Situated on a five-acre plot, the announcement shared with Bitcoin.com News reveals that the facility expands Compass Mining’s portfolio of self-operated infrastructure, permitting clients to deploy machines directly to the Iowa location.
The startup of the first phase comes after Compass announced in July that it had secured approval for a 30 MW bitcoin mining facility in Iowa. The facility will use clean energy sources, drawing around 18 MW from local utility company Northern Iowa Energy Cooperative. The facility will also use seven MW of solar energy credits from a third-party provider.
The announcement on Tuesday stated that the facility will house a total of 30 MW of bitcoin mining power, composed of 25 MW of direct MW capacity and five MW of solar energy credits.
Earlier this year, Compass Mining announced plans to build a hydro-cooled bitcoin mining site in North Dakota, which is now operational. The company also has a third-party hosting facility in Washington.
In 2024, Compass added nearly 50 MW of power capacity across six U.S. states, including Indiana, Ohio, and Texas. The firm’s expansions align with its strategy to grow self-owned infrastructure alongside partnerships with third-party hosting providers.
Earlier this year, Compass announced plans to build a hydro-cooled bitcoin mining site in North Dakota, which is now operational. The company also has a third-party hosting facility in Washington.
In 2024, Compass added nearly 50 MW of power capacity across six U.S. states, including Indiana, Ohio, and Texas. The firm’s expansions align with its strategy to grow self-owned infrastructure alongside 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, in a statement shared on Tuesday, 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.”
