Deep South Operating

Apollo-1, described by DSO as Mississippi's largest crypto mining hosting facility, is served by a 50-megawatt dual-feed substation with an energy mix the company reports at approximately 59% zero-carbon sources. DSO markets two distinct service lines: standard air-cooled rack hosting and immersion colocation, with the latter positioned as the company's primary technology emphasis. The immersion system submerges ASIC hardware in a non-conductive dielectric fluid; DSO states the method cuts energy consumption by up to 25% versus conventional fan-cooled infrastructure and allows clients to overclock ASICs for higher hash rate output without thermal throttling. Physical security is built around surveillance systems, access controls, and 24-hour on-site monitoring, with protocols the company describes as aligned with Department of Defense security requirements.

Brock Tompkins, an MBA graduate of the University of Alabama at Birmingham who previously held positions at CUNA Mutual Group, serves as President. Deep South Operating self-performs all data center operations in-house, covering power distribution, network monitoring, hardware maintenance, and backup systems, which it packages as a fully managed turnkey arrangement for bitcoin mining operators.

The Iuka facility gained broad industry attention in early 2026 when Ethereal Tech Pte. Ltd., the Singapore-incorporated subsidiary of Nasdaq-listed cloud mining platform BitFuFu (FUFU), filed suit naming DSO Projects LLC (DSOP), Deep South Operating LLC, and four individuals as co-defendants. According to an amended complaint dated January 22, 2026, the dispute centers on a Service Framework Agreement signed September 7, 2023 between BitFuFu and DSOP, a separately formed broker entity that arranged ASIC hosting at the Iuka site. The agreement covered an initial 10 megawatts of capacity, later expanded to 16 megawatts, at a contracted electricity rate of $0.074 per kilowatt-hour. BitFuFu transferred more than $1 million in combined deposits and prepayments, including a $812,520 security deposit, before mining hardware began arriving on site in September 2024. Deep South Operating separately terminated its arrangement with DSOP in March 2025, alleging DSOP had failed to remit required service fees to the site owner, and filed its own suit against DSOP. BitFuFu's equipment at the Iuka facility was suspended on May 21, 2025, briefly restored three days later, and then ceased again. BitFuFu's complaint alleges fraud, breach of contract, conversion, and conspiracy against all named defendants; DSOP filed a motion to compel arbitration on March 17, 2026, characterizing the dispute as a contractual matter.

Deep South Operating continues to market Apollo-1's remaining capacity to ASIC operators seeking managed hosting infrastructure in the U.S. Southeast.