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 is running for institutional clients today.

The site extends our track record of standing up dependable mining infrastructure in the parts 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 environment moves slowly in the right ways. 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. Long-term energy contracts, per-machine reporting, and a multi-layer risk framework give institutional partners the underwriting comfort to allocate at scale.

Data center power keeps getting scarcer. Hosting capacity at a site like Facility 9, with locked-in energy and a running operations team, is a meaningful position in the compute infrastructure race.