Iowa Facility 9

About This Facility

Facility 9 is a 6 MW Bitcoin mining site in Iowa with a direct interconnect to the Southwest Power Pool (SPP). The building holds 2,100+ ASIC miner slots and runs for institutional clients today.

The site extends our record of standing up mining infrastructure in the corners of North America with the most stable grid economics.

Facility Highlights

• Capacity: 6 MW of contracted industrial power
• Miner Slots: 2,100+ ASIC-ready positions under one roof
• Power Market: Direct SPP interconnect, with the basis between day-ahead and real-time passed back to the client
• Cooling: Air-cooled, tuned for density and miner longevity
• Operations: On-site technicians and 24/7 monitoring
• Status: Live, with per-machine reporting for institutional clients

Why Iowa's SPP Market

Iowa became a hub for institutional Bitcoin mining because the grid is dense, the renewable mix is high, and the regulatory climate stays predictable across administrations. For long-horizon mining capital, the state offers some of the most favorable conditions in North America.

• SPP Energy Arbitrage: A direct SPP interconnect prices power against a deep, renewable-rich wholesale market instead of a flat utility rate.
• Renewable Energy Leadership: Iowa runs near the top of U.S. states for wind generation; Facility 9 draws from that mix.
• Grid Flexibility: Mining loads provide demand-response capacity to the grid and earn revenue against surplus renewable generation.
• Property Tax Exemption: Iowa's statewide exemption on industrial machinery removes recurring property tax on the ASIC asset base.
• Jurisdictional Stability: A predictable regulatory climate makes a multi-year capital deployment easier to defend.

Built for Institutional Investors

Facility 9 is built to the operational standards private equity firms, family offices, and high-net-worth investors apply to any infrastructure position they underwrite. Long-term energy contracts, per-machine reporting, and a layered risk framework give institutional partners enough underwriting comfort to size up.

Data center power keeps getting scarcer. Hosting capacity at a site with locked-in energy and a running operations team is a defensible position in the compute infrastructure race.