Dear shareholders, customers, employees, and the broader bitcoin mining community,

Compass Mining today announced that the Board of Directors has accepted the resignation of Chief Executive Officer Whit Gibbs and Chief Finance Officer Jodie Fisher. Effective immediately, the board has appointed Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller as interim Co-Presidents and CEOs to lead the company through this period of transition. The Board will begin a search for a permanent President and CEO and CFO immediately.

Compass Mining was created to make mining easy and accessible. We recognize that there have been multiple setbacks and disappointments that have detracted from that objective. Through this restructuring, the company is wholly focused on regaining the goodwill of our stakeholders and the community, as well as delivering on our mission of providing best-in-class service for miners of all sizes. These changes are being implemented to achieve the next level of growth for Compass Mining.

Throughout this transition, Compass will continue to provide service and support. If we can answer any questions, please contact our customer support team:

Phone (9 a.m. - 5 p.m. EST): +1 (888) 871-3071

Submit an electronic request 24/7: