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Cryptocurrency News

Compass Mining to add 25,000 ASIC miners just weeks after staff cuts

07/22/2022

Less than a minute

2022.07.22 10:45

Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.

The announcement on July 21 comes only a two weeks after the company retrenched 15% of its employees and implemented salary cuts for its top executives as a means to weather difficult market conditions.