Bitcoin Mining Middleman Compass’ Georgia Facilities to Close as Energy Prices Soar


The Texas facility has experienced troubles of its own. Its connection to the electricity grid was delayed so had to run on generators for a while. Those, however, weren’t operating all the time because of heat and other reasons, Heller said, leading to downtime for the mining rigs. In July, Compass offered to move the Texas machines to Georgia because of the site’s low uptime. Compass later said it wouldn’t proceed with the move, citing the high energy prices in Georgia.

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