Blockchain Press Releases
Compass Mining Expands Operations into Kentucky with New 10 Megawatt Partnership
Compass will lease Cathedra’s state-of-the-art facility for its Bitcoin mining operations under a profit-sharing agreement
WILMINGTON, Del., Oct. 28, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and services, today announced its partnership with Cathedra Bitcoin (TSX-V: CBIT; OTC: CBTTF) (“Cathedra”), a digital infrastructure company, to co-locate 10 megawatts (MW) of Bitcoin mining equipment at one of Cathedra’s data centers in Kentucky. This collaboration is set to increase Compass’s capabilities, ensuring enhanced services and operational stability for its customers.
Under the terms of the agreement, Compass will manage the mining operations at the facility, covering pass-through power costs, while sharing Bitcoin mining profit with Cathedra. Both parties intend to expand this partnership beyond the initial 10 MW to other sites in the future.
“We’re thrilled to partner with Cathedra,” said Paul Gosker, CEO of Compass Mining. “The Kentucky data center meets Compass’s high uptime and reliability standards for all its partner sites, and the location offers a stable power grid and favorable regulatory environment. By leveraging Cathedra’s infrastructure, we will have even greater flexibility and control over our Bitcoin mining services.”
This partnership builds on Compass’s ongoing efforts to expand its footprint in different regions, following recent successful energizations of 4,000 mining machines in Iowa and 2,400 in Nebraska. With nearly 50 MW of power capacity brought online across facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024 alone, Compass plans to add an additional 20 MW by the end of the year.
Compass Mining’s geographic expansion and strategic partnerships, such as this collaboration with Cathedra, ensure a consistent and profitable mining experience for its customers. Whether hosting at one of Compass’s facilities or purchasing hardware through its user-friendly platform, clients benefit from the Company’s vast experience, expert customer service, and a growing portfolio of energy-efficient mining sites in varying power markets.
“Our goal has always been to make Bitcoin mining accessible for everyone, regardless of size or expertise,” said Gosker. “With our continued growth, both new and existing customers can trust Compass to deliver world-class mining services backed by our growing expertise, and the infrastructure required to succeed.“
“We are very excited to be working with Compass Mining, a company that has demonstrated their ability to mine bitcoin at scale through multiple market cycles,” remarked Cathedra President and COO Drew Armstrong.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
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- Consensus 2026 marks a significant milestone with its return to Hong Kong and debut in Miami, expanding the reach of the world’s longest-running and most influential crypto conference.
- Following a sold-out debut in 2025, Consensus Hong Kong returns from February 10–12, 2026, convening global leaders to accelerate cross-border innovation and drive East-West collaboration while boosting the Hong Kong economy.
- Consensus Miami debuts May 5–7, 2026, at the iconic Miami Beach Convention Center bringing three days of high impact programming, top tier dealmaking and cultural convergence to North America’s crypto capital.
- Both events will feature Consensus’s signature top-flight programming curated by CoinDesk, as well as a dynamic show floor of industry leading sponsors alongside specialized experiential activations. Also returning is the world-renowned Consensus Hackathon and CoinDesk PitchFest competition, connecting attendees, developers and startups with the most influential voices in crypto, blockchain, Web3 and AI.
HONG KONG and MIAMI, May 14, 2025 /PRNewswire/ — CoinDesk, the most trusted media, events, indices, and data platform for the global crypto economy, today announced the next chapters for Consensus, the world’s longest-running and most influential crypto and blockchain gathering. Following its triumphant debut in 2025, Consensus will return to Hong Kong from February 10–12, 2026, and for the first time, Miami from May 5–7, 2026. This expansion marks a significant milestone for the conference as it continues to grow its global footprint.
Hong Kong: A proven hub for innovation
Building on the success of its sold-out inaugural event, which attracted nearly 10,000 attendees from over 100 countries and contributed an estimated HK$275 million to the local economy, Consensus Hong Kong 2026 is set to accelerate the dialogue between East and West and capture the next wave of innovation, adoption, and deal-making in crypto, AI, and blockchain.
The 2025 debut witnessed industry-altering announcements from regulators and financial institutions, featured 300+ high-caliber speakers from the Hong Kong government, global regulatory bodies, and industry leaders including Binance, Circle, Coinbase, and Google. The 2026 event will occupy the largest floor of the Hong Kong Convention and Exhibition Centre, delivering an expanded experience with signature programming, startup and developer competitions, and networking opportunities. Consensus also included marquee special events across iconic Hong Kong venues, and fostered 350+ side events during its debut year.
Michael Lau, Chairman of Consensus, expressed his enthusiasm, “The overwhelming success of Consensus Hong Kong 2025 was a testament to Hong Kong’s status as a leading global FinTech hub and its unique role as a gateway to Asia. This vibrant city, with its dynamic ecosystem and entrepreneurial spirit, has proven the demand for a world-class conference. We are excited to return with an even larger platform to host the most influential voices in blockchain, Web3, and AI, and to create unparalleled networking opportunities.”
Miami: A new frontier for Consensus
As Consensus expands its global reach, 2026 will not only mark a return to Hong Kong but also introduce Miami, Florida, as a new host city from May 5–7 at the Miami Beach Convention Center. Located in one of the world’s leading tech and crypto hubs, and a direct gateway to Latin America, positioning the event at the strategic crossroads of global capital, talent, and innovation. The Miami event is poised to facilitate consequential conversations and business opportunities while serving as a pivotal meeting point for innovators and leaders from around the world.
Brad Spies, Managing Director of Consensus, said, “Consensus has a long history of bringing together diverse groups from across crypto, finance, tech, policy, AI and culture to connect, do business, and showcase the future. Miami allows us to supercharge Consensus, and advance Web3 in one of the most fun and attractive cities on the planet.”
Both events will feature Consensus’s signature top-flight programming curated by CoinDesk, massive B2B and networking engines, and best in class events and production. There will be a special focus on continuing the success of its Hackathon and PitchFest, which draw the most promising tech talent and early-stage Web3 start-ups from around the world. Attendees can look forward to a series of dynamic discussions, iconic moments, and unforgettable experiences in two of the world’s most vibrant cities.
Tickets for Consensus Hong Kong 2026 and Consensus Miami 2026 are now available. Secure your spot today to be part of the world’s largest and longest-running crypto festival.
Media Contact:
[email protected]
About Consensus
Consensus by CoinDesk is the world’s longest running and most influential gathering for the crypto, blockchain, and AI industries. Bringing together industry leaders, policymakers, and innovators, it helps you understand the future of digital assets with discussions on key topics such as DeFi, Web3, AI, the evolving regulatory landscape and more.
With a mix of panels, keynotes, and networking opportunities, Consensus provides a platform to explore the latest trends shaping the digital economy. Whether you’re an industry veteran or just entering the space, this event offers valuable insights and connections in a rapidly evolving field.
About CoinDesk
CoinDesk is the most trusted media, events, indices, and data company for the global crypto economy. Since 2013, when the price of Bitcoin was $50, CoinDesk Media has led the story of the future of money and investing, illuminating the transformation in society and culture that comes with it. Our award-winning team of journalists delivers news and unparalleled insights that bring transparency, comprehension, and context.
CoinDesk gathers the global crypto, blockchain, and Web3 communities at annual events such as Consensus, the world’s largest and longest-running crypto festival. CoinDesk Indices offers expertise in digital asset indices, data, and research to educate and empower investors. In November 2023, CoinDesk was acquired by Bullish Group. CoinDesk operates as an independent subsidiary and abides by a strict set of editorial policies. For more information on CoinDesk media and events, please visit CoinDesk.com.
Forward-Looking Statements
This press release may include “forward-looking statements” relating to future events or the Bullish Group’s future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.
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DUBAI, UAE, May 14, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has recently released a weekly crypto derivatives analytics report in collaboration with Block Scholes, followed by an exclusive insights report with the spotlight on ETH’ great comeback.
With investors flocking to ETH following the Pectra upgrade, the research shed light on what every trader is asking: will the ETH rally last? Leading the race since May 7, ETH has been a tour de force with wild gains dwarfing that of BTC’s.
Key Highlights:
- It wasn’t just Pectra: The new insights report by Bybit, published on Tuesday, attributed ETH’s “landmark surge” to drivers beyond the Pectra upgrade. A deep dive into underlying factors that built momentum for ETH’s breakout moment. Macroeconomic developments including signs of relief in the tariffs debacles created conditions for the broader markets to recover, while over $500 million in ETH short liquidations had an immediate and positive effect on its price performance.
The report also mapped out a change in leadership direction and Vitalik Buterin’s new vision for Ethereum, which include a package of reforms to streamline processes and boost efficiency and flexibility. With transition plans for existing projects, the leadership set out to build a more durable and scalable Ethereum blockchain with up to 100x throughput.
- ETH Outperformed BTC: In last week’s Bybit and Block Scholes report, ETH’s new high of single-day gain since 2021 outshone the top rest of the top ten cryptocurrencies. With the spike in implied volatility for short term tenors and ETH’s inverted term structure, crypto’s No. 2 currency won over derivatives traders placed $60 million more in calls than puts for ETH on May 8, 2025, in contrast to BTC’s muted structure.
ETH stood out in the rally across almost all indicators, radiating positivity from funding rates to the close to 10% put/call skew towards calls in the first week of May, a world apart from its 20% skew on the puts side only a month ago.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit Pay Goes Global: Seamless Crypto Payments Now Available in 15 Major Cryptocurrencies
DUBAI, UAE, May 13, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the next phase of crypto innovation with the global launch of Bybit Pay. The ground-breaking crypto payment solution which debuted in Brazil is now available for all eligible global users of Bybit.
Bybit Pay Global: Joining the Crypto Payment Revolution
Initially launched in January 2025, Bybit Pay debuted in Brazil and recently presented itself at Web Summit Rio, where thousands of attendees got their hands on the instant payment solution at the Bybit booth. Starting now, over 70 million Bybit international users may live up their crypto lifestyle on the go with Bybit Pay. The expansion is a step forward in financial inclusion for Bybit’s global community, removing the need for costly legacy intermediaries and physical cards—all one needs is a compatible mobile device.
In a few days since its global launch, Bybit Pay recorded over 40,000 transactions. The digital payment gateway enables users to make payments across a global network of merchants online and offline. It currently supports 15 mainstream cryptocurrencies including USDT, USDC, BTC, ETH, XRP, MNT, BNB, TON, and more.
Bybit Pay has also released new features, Send and Receive:
- Bybit Pay Send allows users to transfer digital assets to business or individual payees in an instant using just the recipient’s email addresses, phone numbers, or Bybit User IDs in-app and on the Bybit website.
- Bybit Pay Receive enables users to get paid with a unique personal QR code tailored for their personal preferences of desired amounts or currencies.
The Bybit Pay platform integrates wallet management functionalities for both fiat and crypto. Built with blockchain-backed security, Bybit Pay ensures tamper-proof transactions through on-chain encryption, optimizing security and user privacy.
Leveraging the instant finality of cryptocurrencies, Bybit Pay offers a seamless and secure on and off-ramp experience for senders and receivers of digital assets.
Bybit Send & Earn: 100,000 USDT in Prizes
From now until May 30, eligible users may register for Bybit Send & Earn to share in a total prize pool of 100,000 USDT.
“Bybit is proud to play a role in advancing payment innovation with the global launch of Bybit Pay. It provides our users with an ultra user-friendly solution for their daily crypto spending and transaction needs, while Bybit gets to serve the broader community and bring more payment freedom and convenience to the underbanked,” said Krista Chan, Head of Marketing, Payment Business Unit at Bybit.
Bybit Pay currently serves global users who have successfully completed Identity Verification on Bybit. Users from Service Restricted Countries or local Bybit entities are not currently supported. For the latest updates and detailed terms and conditions, users may refer to the Bybit Pay official page.
#Bybit #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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