Compass Mining hosting partner sites shut down in Georgia due to 50% power spike

Quick Take

  • A Compass Mining hosting partner decided to shut down two facilities in Georgia after experiencing a 50% increase in power costs.
  • The company, which hosts miners from individual clients, is relocating the machines to Texas.

Bitcoin mining company Compass Mining saw two of its third-party hosting facilities in Georgia shut down this week due to a 50% spike in power prices from local utility providers.

The company was informed Wednesday that the owner would close the sites, a comp