Very excited for our team and our clients as we develop our first fully owned and operated Compass mining facility in Iowa. More to come. theminermag.com/news/2024-11…

🚨 Tariffs & Bitcoin Mining Hardware 🚨 Following up on the White House’s April 11th, 2025, update regarding tariff exceptions under EO 14257, let's dive into the implications for ASIC miners imported into the U.S. In 2018, U.S. Customs and Border Protection (CBP) classified ASIC miners under HTSUS code 8543.70.9860 per ruling N297495. Despite attempts in 2019 and 2020 to appeal that classification, it remains unchanged. After the recent White House update, Compass Mining and our Strategic partner CM Global services have received numerous inquiries about HTSUS code 8471, which was included in the tariff exemption update, leading some to believe ASIC miners might be covered. To be clear, they are not covered. ASIC miners still fall under 8543.70.9860, and that classification was not included in the April 11th exceptions. As of today (April 15, 2025), ASIC miners face a 2.6% import duty under N297495, with additional tariffs of 25% and 125% for Chinese-origin goods, and 10% for other countries, effective retroactively to April 10, 2025. At Compass Mining, we’re dedicated to providing clear, proactive guidance to our partners, so please feel free to DM if you have any questions about tariff classifications or import procedures.

Visited Compass service center in Denver today. Processed 4k miners just last month, warehousing over 10k units today and have 1.5 MW to test all the machines. One of the biggest, tidy and neat repair centers I’ve visited. Thank you 🙌

Excited to share that I’ve taken on the Chief Strategy Officer role at Compass. This includes leading our Product Team as we build the next evolution of our platform in 2025 and beyond. We’re looking for passionate Bitcoiners with product or design experience. Let’s talk!

Iowa 4 - @tatumturnup, Tim, @ManagersDiary, @vmackenchery3, Dylan and @compass_mining team preparing for target energization next week.

Bitmain is setting up a US production line for the S21 Pro. Made in USA 🇺🇸

Proud to share insights from our logistics intern, Tim. Tim along with Lior are enthusiastic members of our intern program in Denver. His reflections on supply chain, sustainability, and collaboration highlight values that drive Compass within the bitcoin mining industry.

We've also seen a number of companies in the industry affected by this; some have even had shipments halted for more than two months with limited information. Hopefully, those affected can get more clarity soon.

Just visited our new Denver Service Center—upgraded from 4,000 sqft to 52,000 sqft! Incredible to see the team’s dedication to servicing miners, repairing dashboards & coordinating projects nationwide. Always hiring experienced & passionate #bitcoin repair techs. Reach out!