Compass Mining loses facility after allegedly failing to pay power bill

Cointelegraph

Published Jun 28, 2022 02:07AM ET

Updated Jun 28, 2022 03:40AM ET

Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills.

Dynamics posted on Twitter (NYSE:TWTR) late on June 26 a letter it sent to Compass Mining which stated as of June 14th, the hosting contract between the two was terminated. Dynamics alleged Compass has six late payments and three non-payments related to utility bills and hosting fees.

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