Ferropericlase [(Mg,Fe)O] is one of the most abundant minerals of the earth's lower mantle. The high-spin (HS) to low-spin (LS) transition in the Fe(2+) ions may dramatically alter the physical and chemical properties of (Mg,Fe)O in the deep mantle. To understand the effects of compression on the ground electronic state of iron, electronic and magnetic states of Fe(2+) in (Mg0.75Fe0.25)O have been investigated using transmission and synchrotron Mössbauer spectroscopy at high pressures and low temperatures (down to 5 K). Our results show that the ground electronic state of Fe(2+) at the critical pressure Pc of the spin transition close to T = 0 is governed by a quantum critical point (T = 0, P = P(c)) at which the energy required for the fluctuation between HS and LS states is zero. Analysis of the data gives P(c) = 55 GPa. Thermal excitation within the HS or LS states (T > 0 K) is expected to strongly influence the magnetic as well as physical properties of ferropericlase. Multielectron theoretical calculations show that the existence of the quantum critical point at temperatures approaching zero affects not only physical properties of ferropericlase at low temperatures but also its properties at P-T of the earth's lower mantle.