Compass Mining Announces Plans To Triple Hosting Capacity With New Ontario Facility

NEW YORK, Nov. 2, 2021 /PRNewswire/ — Compass Mining (“Compass” or “the Company”), the world’s first and largest online marketplace for bitcoin mining hardware and hosting, today announced an agreement with Red Jar Digital Infrastructure (“RJDI”), a hosting infrastructure company founded and managed by energy and infrastructure veterans, for a new Canada-based hosting facility powered by 95% clean energy. The Ontario facility will be jointly managed by Compass and RJDI, a first for both companies, and will feature up to 140 MW of additional capacity for Compass’ userbase, a vast increase over the Company’s current 30 MW of total capacity, further balancing the playing field for retail miners.

Whit Gibbs, CEO of Compass Mining, commented on the news, “More than doubling…