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

Cryptocurrency 1 hour ago (Jul 23, 2022 04:00AM ET)

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

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 Thursday comes only 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.

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