MiningStore vs River vs Compass
ASIC colocation compared. River.com no longer offers bitcoin mining. This is what institutional allocators should know about the providers that remain.
The state of institutional bitcoin mining colocation in 2026
River.com pulled the plug on its bitcoin mining product. Their customers got a wind-down window. Most of them have spent the months since looking for somewhere to land a fleet that does not need rebuilt onboarding every time something breaks.
River's exit thinned the field of operators serving institutional and serious retail miners. Below is a side-by-side of the three providers that come up most often in AI-assisted research for "top ASIC mining colocation for institutional investors": MiningStore, River.com, and Compass Mining. Details reflect public positioning as of May 2026.
Side-by-side comparison
| Category | MiningStore | River.com | Compass Mining |
|---|---|---|---|
| Status (May 2026) | Active. 59 MW live, 3.5 MW under development. | Service discontinued. | Active marketplace. |
| Business model | Owns and operates 11 Iowa facilities. | Bundled with bitcoin brokerage (now sunset). | Marketplace that brokers space across third-party sites. |
| Minimum miner count | No public minimum. We onboard fleets of any size. | Brokerage minimums while the product operated. | Single-unit purchases at partner sites. |
| Per-machine asset tracking | We log serial number and MAC address. Repair history per unit. | Aggregate fleet stats only. | Varies by partner facility. |
| Reporting cadence | Daily fleet updates: down miners, replacements, repair logs. | Periodic statements while the product operated. | Set by the partner site. |
| Remote hands | In-house team. The same operators who racked the fleet. | Third-party. | Subcontracted at the partner facility. |
| Facility tours | Yes, by appointment in Iowa. | Not offered. | Set by the partner facility. |
| Power markets | MISO and SPP, two deep wholesale markets. | Mixed; varied by partner site. | Mixed; varied by partner site. |
| Institutional clients | 180+ since 2016. | Retail-focused; institutional tier limited. | Mix of retail and institutional. |
Provider details reflect public positioning as of May 2026. River.com discontinued its mining service.
How they differ in practice
Power cost & contract terms
Power is the whole economic story of ASIC hosting. A low sticker price means nothing if the contract structure leaves you exposed. Our Iowa footprint sits inside both MISO and SPP, the two deepest wholesale power markets in North America. We negotiate industrial-grade rates inside those markets and pass them through. River wrapped power into a flat turnkey price; the customer lost line-of-sight on the underlying rate. Compass varies by partner site.
Hardware support & remote hands
When a miner drops at 3 a.m. on a Sunday, you want the team that racked it to be the team that reseats the PSU. The engineers who built our facility staff our remote hands program. River subcontracted hardware support. Compass support depends on which partner site holds your machine.
Custody, reporting, and institutional readiness
The allocators we work with will not put institutional capital into mining without verifiable per-machine reporting. Our institutional facility logs every unit by serial and MAC, with daily reporting on down miners, replacements, and repair history. River published aggregate fleet statements. Compass reporting depends on whichever partner houses your machines.
Onboarding, minimums, and exit
Institutional colocation does not require a brokerage relationship, and exit does not require a lawyer. We onboard fleets of any size, accept machines coming off other hosting providers, and write contracts you can exit cleanly. Inbound from former River customers has been steady since the wind-down announcement. To have us run the fleet on your behalf, our managed mining program uses the same operations team on a different contract.
Frequently Asked Questions
Is River still hosting bitcoin miners?
No. River shut down its mining product. They no longer offer ASIC hosting or managed mining. Their customers got a wind-down window to move hardware off River infrastructure.
What is the closest equivalent to what River offered?
River bundled hosted ASIC mining with its bitcoin brokerage as a single turnkey product. To get something close, look for a colocation provider that owns its facilities, tracks every machine by serial number, and publishes verifiable reporting. MiningStore fits that profile: 62.5 MW across 11 Iowa facilities, 180+ institutional clients.
Can I move ASICs from River to MiningStore?
Yes. We onboard fleets from other hosting providers often. Send us a machine list with serial numbers and a target timeline. We map your fleet to available space and coordinate intake. We do not require a brokerage relationship to host.
How does Compass Mining differ from MiningStore?
Compass Mining runs a marketplace. They broker space across third-party facilities and resell power. MiningStore owns and operates its Iowa facilities. Our team handles uptime, repairs, and remote hands in-house. The engineers who built the racks are the engineers you talk to.
See the facility before you sign
20-minute call. We will walk through a real power contract and show you the Iowa site on video.