ChainCatcher news, Bitcoin mining company Compass Mining announced the addition of a 25 megawatt Bitcoin mining facility in Texas. The facility has been fully constructed and will be operational by the end of the year, with an initial capacity of 5 megawatts, expanding to 25 megawatts by early January 2025. Compass also plans to increase the facility's capacity to 60 megawatts before the third quarter of 2025.The new facility will accommodate mining machines relocated from Compass's existing sites as well as newly deployed equipment. By January 2025, new customers purchasing mining machines through the Compass platform will have the option to deploy at the "Texas 6" site.

ChainCatcher news, according to the Salvadoran Ministry of Foreign Affairs, the American coffee company Compass Coffee has completed the international procurement of Salvadoran coffee using Bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, thus avoiding the need for intermediaries in such transactions.The transaction stems from a series of talks held in 2022 between the U.S. Department of State and Compass Coffee, aimed at seeking to introduce domestic coffee into the U.S. market and connecting producers and buyers from these countries.

ChainCatcher news, mining company Compass Mining has activated 3,000 Bitcoin mining machines at its newly partnered facility in Iowa, and the company plans to install an additional 1,000 machines in September. This expansion will increase the facility's capacity by 12.5 megawatts (MW).According to Compass Mining, this initiative is part of its strategy to expand operations. By the end of 2024, the company plans to manage approximately 30 megawatts of power across multiple locations in the United States, including Indiana, Ohio, Nebraska, and Texas.

ChainCatcher news, Galxe announced the launch of a new product, Galxe Compass. Galxe Compass aims to provide a one-stop airdrop navigation and interaction service for all web3 users. To address the current issues of numerous airdrop projects, cumbersome airdrop tasks, and noisy information, all projects on Galxe Compass are curated by experienced players, providing users with the most important information about the projects, the most comprehensive tutorials on airdrop interactions, and embedded native on-chain interaction processes to enhance interaction efficiency. Currently, Galxe Compass is available for free for a limited time.

ChainCatcher news, Zhao Changpeng stated during the ongoing Binance AMA that BNB Chain will not become an all-encompassing chain. Zhao Changpeng mentioned that the development of BNB Chain is still ongoing, but BNB Chain will not become an all-encompassing chain. Binance also has the Layer2 network OpBNB and the storage network Greenfield Chain."I don't think anyone will become an all-encompassing blockchain; don't let one blockchain capture everything." Zhao Changpeng believes that decentralization between blockchains should be achieved through more chains. "Ethereum is very strong in some aspects, while other chains are also very strong in other aspects."