Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC). These issues could...
Tag: Compass
Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design – Mining Bitcoin News
Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The...
Blue Compass Wants To Establish Compelling National RV-Retail Brand
The logo for the new Blue Compass nationwide RV retailer. Blue Compass Selling recreational vehicles has always been a largely fragmented business, with many small chains and mom-and-pops, often repre...
$2 Million Lawsuit Filed Against Compass Mining Dismissed by Court
4 hours ago | 2 mins read Bitcoin News Plaintiffs can submit their second amended lawsuit by two weeks. Compass did little to assist clients in recovering their lost devices as per the claim. Compass ...
Compass Sued Over Allegedly Failing to Return Customer Bitcoin Miners
Compass Mining, a reseller of and hosting service for Bitcoin mining machines, is being sued by its customers to the tune of $2 million. In a filing to a Florida court on January 17, the customers ac...
Allegations of fraud against Compass Mining after company cuts ties with Russian
Compass Mining severed its ties with the Russian hosting provider Bit River and did not return Bitcoin mining gear to its customers. The company claimed the reason for its actions as a non-applicable ...
Complaint filed against Compass Mining for losing BTC mining machines hits snag
A group of customers attempting to sue Compass Mining for over $2 million for failure to return their Bitcoin machines after cutting ties with a Russian hosting company, has had their case dismissed j...
Compass Mining Sued For Over $2 Million Over Alleged Fraud
Crypto miner Compass Mining has been sued by its customers for alleged fraud. Customers have demanded over $2 million for the mining firm’s failure to return their equipment. The issue stems from Comp...
U.S. sanctions: Customers suing Compass Mining
Compass Mining severed its ties with the Russian hosting provider Bit River and did not return Bitcoin mining gear to its customers. The company cited an inapplicable fine issued by the United States ...
Investors drag Compass Mining to court – Cryptopolitan
Compass Mining will spend the next few weeks navigating out of cold waters after investors have dragged the company to court over fraud claims. According to the filing, the investors allege that the c...
Compass Inc will turn free cash flow positive in 2023: CEO Reffkin
Compass Inc (NYSE: COMP) – the American licensed real estate broker just announced its third round of layoffs in the midst of its push to cut costs. Shares are up nearly 15% on Monday. Compass could b...
Compass Mining claims victory over dynamics mining in legal battle
As the holiday season continues and spirits are high, Compass Mining, a bitcoin mining hardware company, has reason to celebrate. The company announced today that it had been awarded a $1.5 million ju...
$1.5M Awarded to Compass Mining in Lawsuit Against Dynamics Mining
10 seconds ago | 2 mins read Bitcoin News It was claimed that Dynamics Mining had taken the company’s equipment “hostage.” On Thursday, the court sided with Compass and imposed a default judgement. Co...
Compass Mining wins $1.5 million in court ruling against hosting provider
A judge ruled in favor of bitcoin miner Compass Mining after the company sued hosting provider Dynamics Corp in June. The company was ordered to pay a total of $1.47 million by a Delaware Court ...
Compass Mining Launches Miner Protection Plan
Compass Mining is an online marketplace for Bitcoin mining hardware and hosting. Mining industry is facing headwinds amid rising hash rates and the crypto winter. Compass Mining’s new product is a wel...
Compass share price outlook as it boosts buybacks
Compass (LON: CPG) share price plunged to the lowest level since October 13 as investors reacted to the company’s earnings. It plunged to a low of 1,768p, which was about 7% below the highest level th...
Compass Soars 89% Over Two Days on Cost Cuts, Housing Hopes
(Bloomberg) — Compass Inc. has surged 89% over two days as the hard-hit home seller committed to managing costs, building on investors’ optimism that the Federal Reserve could slow the pace of r...
Aspen Creek Digital and Compass Mining to Host Thousands of Bitcoin Mining Rigs at Texas Solar Farm – Mining Bitcoin News
On October 26, the bitcoin mining operator Aspen Creek Digital Corporation (ACDC) announced that the company has commenced operations at its solar farm-powered high performance computing center (HPCC)...
Compass, General Electric, Shell, Pinterest and more
The sign of a Shell petrol station is seen in front of a burning pilot flame atop a flare stack at the refinery of the Shell Energy and Chemicals Park Rheinland in Godorf near Cologne, Germany, August...
Peloton, Shell, Compass and more
Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock added 2% in the premarket after it reported better-than-expected quarterly profit and sales. C...
Compass’ Georgia facilities to shut as Energy prices fly up –
Two Georgia facilities of Compass are shutting amid lifted power expenses. The regional service provider has lifted a significant price for bitcoin mining by over 50%. Two Georgia facilities utilized ...
Bitcoin Mining Firm Compass Mining Has Georgia Sites Shuttered, Citing High Energy Costs
Compass Mining, a Bitcoin (BTC) mining rig service, was notified that the owner of lucrative mining hubs 2 and 3 located in Georgia would shut down amid rising energy costs. Since Compass sells Bitco...
Compass Mining hosting partner sites shut down in Georgia due to 50% power spike
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 info...
Compass Mining Shutting Down Georgia Facilities Due to Excessive Energy Rates
On August 31st, Compass mining, the first marketplace for Bitcoin mining equipment, lost two of its third-party hosting strategic facility locations for mining in Georgia due to rising energy prices. ...
Bitcoin Miner Compass Mining Establishes 75 MW Hosting Partnership with Compute North
Compass Mining, a Bitcoin mining hosting and brokerage services firm based in Delaware, US, announced the completion of a partnership with colocation provider Compute North to secure at least 75 megaw...
After Dismissing Staff, Compass Mining Deploys 25,000 Additional ASIC Miners
The American-based bitcoin miner – Compass Mining – intends to add 25,000 ASIC miners to its facility in Granbury, Texas. The deployment is scheduled for August as it will be supported by Compass’ par...
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 ...
Just After The Lay-Offs, Compass Mining is Ready For Expansion
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Compass Mining recovers machines from hosting provider following court order
Compass Mining has recovered the miners hosted at a facility in Maine operated by Dynamics Corp, which the miner had sued over a conflict that started with claims of missed payments. A court order iss...
Compass Mining cuts staff by 15%, reduces salaries for senior employees
Bitcoin mining company Compass Mining is letting go of 15% of its team. The miner is also cutting salaries and spending, according to a statement on Thursday. Pay cuts to senior employees and the exec...
Compass Mining retrenches 15% of staff, execs to take major pay-cuts
Ongoing strife in the cryptocurrency space has forced Compass Mining to lay off 15% of its employees while top executives and staff take major pay-cuts. The firm announced its decision to downscale it...