Compass Mining Teams Up With Mindshift to Boost Bitcoin Mining in South Korea

Compass Mining has partnered with South Korea-based Mindshift to expand bitcoin mining services in the region.

This collaboration aims to tackle challenges like high electricity costs, making bitcoin mining more accessible to South Korean businesses and individuals. By leveraging Compass’s expertise in managing mining facilities and providing competitive electricity rates, the partnership seeks to boost local participation in bitcoin mining.

Mindshift will also introduce a service allowing customers to purchase and maintain mining machines at Compass’s data centers. This move aligns with the growing interest in cryptocurrencies among young South Koreans, driven by economic challenges and a tech-forward culture.

Clever Robot News Desk 10^th October 2024