Compass Mining, the bitcoin mining service provider, signed a new 140 megawatt hosting deal with Canada’s Red Jar Digital, adding to Compass’s current 30MW capacity.
The facility will be located in Ontario, Canada and will be jointly managed. “More than doubling our current capacity with this newest deal is a big step forward in Compass Mining’s business model to provide retail bitcoin miners with the ability to compete at an institutional level,” said Compass Mining CEO Whit Gibbs.
Compass will help manage the site buildout, train the onsite staff, and provide operational oversight for the facility. The miners at the site will be ASICs or dedicated bitcoin mining computers and will come online by the end of January 2022.