Latest news with #CompassMining
Business Wire
5 days ago
- Business
- Business Wire
Soluna Expands Long-Term Partnership with Compass Mining
BUSINESS WIRE)--Soluna Holdings, Inc. ('Soluna' or the 'Company'), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, today announced the renewal and expansion of its long-standing partnership with Compass Mining. The expanded agreement includes a contract renewal at Soluna's Project Dorothy 1 site and a major expansion into its adjacent site, Project Dorothy 2, marking a total deployment of approximately 13 megawatts (MW) of computing capacity across the two locations. Compass Mining has been a valued partner since its first deployment at Project Dorothy 1 in 2023, later transitioning to Project Sophie. With today's announcement, Compass Mining will renew its existing buildings. It will also expand into Project Dorothy 2, Soluna's next-generation site, with an additional 8 MW, bringing its total footprint to approximately 13 MW across the Dorothy campus. With this expansion, Project Dorothy 2, Phase 1, is now full. 'Compass Mining was one of the first to bet on us. Years later, they're still betting on Soluna and scaling with us,' said John Belizaire, CEO of Soluna. 'This renewal and expansion is a testament to our Relentless Stewardship and the trust we build with every customer. We don't just host. We grow with you.' 'Soluna has been a highly reliable partner since Project Dorothy 1, and we're excited to deepen that relationship,' said Paul Gosker, CEO of Compass Mining. 'This expansion, which lets us staff and operate the new capacity ourselves, aligns perfectly with our strategy to deliver a best-in-class experience for our customers.' Project Dorothy, named after computing pioneer Dorothy Vaughan, is Soluna's flagship site, strategically located in West Texas to consume excess wind energy. For more information, visit Soluna's glossary of terms can be found here. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'confident' and similar statements. Other examples of forward-looking statements may include, but are not limited to, statements of Soluna's plans and objectives, including with respect to Project Dorothy and our expectations with respect to the amount of renewable energy capacity Project Dorothy will deliver. Soluna may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ('SEC'), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the SEC. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law. About Soluna Holdings, Inc. (Nasdaq: SLNH) Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna's pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna's proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit and follow us on: Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly. About Compass Mining Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for Bitcoin-mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit
Cision Canada
10-06-2025
- Business
- Cision Canada
Compass Mining Launches New Brand Identity, Marking a New Chapter in Its Growth Journey
WILMINGTON, Del., June 10, 2025 /CNW/ -- Compass Mining, a leading provider of Bitcoin-mining hosting and operational services, today unveiled a complete brand refresh. The updates include a new logo, updated visual identity, and redesigned website. These changes reflect the company's growth and commitment to better serve its customers while retaining elements of Compass Mining's trademark. "Our new brand represents both where Compass Mining came from and where we are headed," said Paul Gosker, CEO of Compass Mining. "Since our founding, we have grown from a startup to a trusted infrastructure partner for miners around the world while sharpening our focus on customer satisfaction. This visual refresh signals that evolution and is reinforced by the faster, more effective customer support our team now delivers." As part of Compass Mining's renewed commitment to customer satisfaction, the company's customer-support team now answers inquiries in an average of six minutes, resolves most issues in under twenty minutes, and fully resolves eighty percent of tickets with a single reply. The new brand identity, which includes a simplified and modernized logo, is now live across all Compass Mining platforms. It replaces legacy branding on digital and physical assets. Compass Mining filed the new mark with the U.S. Patent and Trademark Office on April 11, 2025, securing protection of the company's intellectual property. "With this rebrand, our goal was to signal strength, clarity, and maturity," added Gio Torres, Principal Designer at Compass Mining. "The new logomark unifies the 'C' and 'M' into a single continuous form inspired by the blockchain's virtual structure. It is designed to communicate forward motion, trust, and a deep commitment to the industry's future." Visitors to will notice a redesigned website that offers streamlined navigation, a mobile-first layout, and expanded educational resources to help miners of every size make informed decisions. Compass Mining encourages stakeholders to update any saved assets, presentations, or press materials with the new brand. Detailed brand guidelines are available upon request at [email protected]. About Compass Mining Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for Bitcoin-mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit
Cision Canada
23-05-2025
- Business
- Cision Canada
Compass Mining Partners with Synota's "Impact Mining" Initiative to Transform Bitcoin Hashrate into Community Impact
Initial donation supports a hospital and village in Nigeria, with plans for further expansion WILMINGTON, Del., May 23, 2025 /CNW/ -- Compass Mining, a leading provider of Bitcoin mining infrastructure and services, proudly announces its role as the inaugural donor to Synota's Impact Mining initiative. Through this groundbreaking partnership, Compass is turning Bitcoin's computing power, or "hashrate", into a humanitarian resource: affordable, reliable energy for underserved communities. Through this collaboration with Synota, Compass Mining aims to demonstrate another way the Bitcoin mining industry can contribute directly to energy access, healthcare, and education in underserved communities without leaving the data center. "This is hashrate with heart," said Paul Gosker, CEO of Compass Mining. "We're proud to show our customers and the broader industry how Bitcoin mining can improve lives, not just balance sheets." Under the Impact Mining initiative, Compass Mining has directed some of the output of its mining machines to a Bitcoin mining pool configuration provided by Synota and managed on behalf of Renewvia Solar Africa, an operator of clean energy mini-grids in Africa. The revenue generated by this hashrate is used to offset electricity costs for critical infrastructure in Nigeria. At Oloibiri Hospital, Compass's contribution is helping cover the monthly power bills. This allows the facility to redirect resources to patient care. Serving over 3,600 patients annually and having delivered over 34,000 babies since 2010, this hospital is now empowered to treat hundreds more. In Ozuzu, a rural village connected to a solar mini-grid in 2021, 150 homes, businesses, and a school are now benefiting from a 20% reduction in power costs thanks to Impact Mining. Lower energy prices mean more lighting, more technology use, and ultimately more economic opportunity. "Bitcoin mining has always been a driver of energy innovation," said CJ Burnett, Chief Revenue Officer at Compass Mining. "Now it's a driver of energy opportunity. A small portion of global hashrate is delivering outsized impact for real people." Compass Mining views this initiative as a proof-of-concept that mining can be more than profitable; it can be purposeful. Whether through direct machine allocation or partial hashrate donations, every block solved can help power a brighter world. Looking ahead, Synota plans to expand the Impact Mining initiative and Compass Mining intends to continue the partnership. "We're thrilled to have Compass Mining lead the way," said Austin Mitchell, CEO and Co-founder of Synota. "They've shown that any miner, anywhere in the world, can take part in Impact Mining simply by redirecting a portion of their hashrate through a shared pool configuration. It's a small step that can make a big difference. Donating hashrate also offers tax advantages, and we're building the infrastructure to support that." To learn more about Impact Mining, visit Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit
Cision Canada
22-05-2025
- Business
- Cision Canada
CM Global Services (CMGS) Secures Exclusive Multi-Year Logistics & Procurement Partnerships with Compass Mining and NovoMod
DENVER, May 22, 2025 /CNW/ -- CM Global Services LLC (CMGS) proudly announces its official designation as the exclusive logistics and procurement partner for Compass Mining Inc. and NovoMod LLC, two leaders in the Bitcoin mining and modular infrastructure sectors. These multi-year partnerships reinforce CMGS's growing influence as the supply chain backbone powering some of the most advanced digital infrastructure projects in the world. Founded with a mission to eliminate the bottlenecks and fragmentation that plague traditional supply chains, CMGS is a fully integrated logistics and infrastructure services firm specializing in Bitcoin mining services, data center development, and high-demand electrical infrastructure. From sourcing crypto mining machine parts and network hardware to coordinating the full deployment of large scale sites, CMGS is designed to scale with our clients and move at the speed they need. For Compass Mining and NovoMod, CMGS serves as more than a vendor; we are an embedded partner, streamlining critical operations and bringing transparency to every stage of the infrastructure lifecycle. Our team leads: Global sourcing and procurement of critical components, from power distribution units (PDUs) and switchgear to Ethernet cables, breakers, and enclosures. Inbound logistics and Customs navigation, moving sensitive equipment efficiently across Asia, LATAM, and North America on time, on budget, and compliantly. Refurbishment and redeployment of crypto mining machines, ensuring optimal uptime, performance, and recovery value from aging or idle equipment. Infrastructure buildout support, including on-site coordination, material staging, labor oversight, and final commissioning of modular and large-scale mining sites. By centralizing sourcing, logistics, testing, and deployment under one roof, CMGS is helping Compass Mining and NovoMod compress timelines, reduce operational overhead, and eliminate costly inefficiencies that historically slowed down crypto mining and infrastructure projects. While our partnerships with Compass Mining and NovoMod are foundational, CMGS also supports a growing number of mining companies, original equipment manufacturers, and infrastructure developers behind the scenes. Quietly powering the supply chains of both public and private firms across the U.S., LATAM, and Asia. In a market where downtime is costly and speed is currency, CMGS brings industrial discipline, real-world experience, with timely execution. CMGS covers the full supply chain lifecycle, including: Global logistics and freight management Strategic sourcing and vendor negotiations Crypto mining machine parts sales, sourcing, and testing Full-site infrastructure build outs Cleaning, repair, and redeployment programs Consulting for operational optimization and supply chain resilience As the digital infrastructure landscape grows more complex, CMGS is positioned to be the silent engine behind the most ambitious operators, ensuring they have what they need, where they need it, exactly when it's needed. About CMGS CM Global Services (CMGS) is a full service logistics and procurement company specializing in Bitcoin mining and high performance computing industries. CMGS helps clients source equipment, manage global freight, deploy infrastructure, and streamline operations across every stage of the supply chain. With a commitment to reliability, speed, and cost efficiency, CMGS enables miners and data center operators to scale smarter. Media Contact
Cision Canada
29-04-2025
- Business
- Cision Canada
Compass Mining Energizes New 30 MW Self-Owned Bitcoin Mining Facility in Iowa
Phase I of state-of-the-art facility now online; construction of remaining capacity to start in Q4 WILMINGTON, Del., April 29, 2025 /CNW/ -- Compass Mining (the "Company"), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, today announced the successful energization of Phase I of its new self-owned, state-of-the-art Bitcoin mining facility in Iowa. The first phase, with a 8 megawatts (MW) power capacity, is now fully operational, with construction of the remaining capacity expected to start in Q4. Located on a 5-acre greenfield site, the new Iowa facility marks a significant step in the Company's growth strategy, increasing its self-owned infrastructure portfolio. Completely owning and operating a site allows the Company to strengthen control over its operations and offer enhanced flexibility to its customers, who now have the option to select "Iowa 4" as the deployment location for new machines purchased through Compass Mining's platform. "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. "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." The Iowa facility builds on Compass Mining's broader U.S. expansion, following the recent launch of its hydro-cooled Bitcoin mining facility in North Dakota. In 2024 alone, Compass Mining energized nearly 50 MW of new power capacity across sites in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas, reinforcing its role as a premier provider of Bitcoin mining hosting solutions. Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit Media Contact
