Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market

LUXXFOLIO Holdings (LUXX) has announced plans to implement an immersion-cooling system at the company’s New Mexico crypto mining facility.

  • LUXXFOLIO Holdings (LUXX) has announced plans to implement an immersion-cooling system at the company’s New Mexico crypto mining facility
  • Immersion-cooling is an enhanced process to optimize the performance of miners, increasing hash rate and enhancing reliability
  • Dean Linden, CEO of LUXXFOLIO Holdings sat down with Caroline Egan to discuss this important development
  • LUXXFOLIO Holdings is a digital asset company operating an industrial-scale cryptocurrency mining facility in the US
  • LUXXFOLIO Holdings Inc. (LUXX) opened trading at $0.87 per share

LUXXFOLIO procured the immersion system from one of the leading North American producers of immersion technology. The company plans to install approximately 1,150 miners, scheduled to be delivered in 2022, using the immersion system.

Immersion-cooling is an enhanced process to optimize the performance of miners, compared to standard air-cooling systems. Hardware components, including mining machines, are submerged in a liquid dielectric coolant.

Based on industry data, immersion-cooling provides an estimated 25 per cent increase in hash rate, with some industry estimates predicting the potential for up to 50 per cent increases in performance.

Dean Linden, CEO of LUXXFOLIO Holdings sat down with Caroline Egan to discuss this important development.

LUXXFOLIO Holdings Inc. is a digital asset company. The company operates an industrial-scale cryptocurrency mining facility in the United States running off mostly renewable energy with a focus on the blockchain ecosystem and generation of digital assets. 

LUXXFOLIO Holdings Inc. (LUXX) opened trading at $0.87 per share.

More From The Market Herald
Pluribus Technologies - CEO, Richard Adair.

" Pluribus Technologies completes equity financing

Pluribus Technologies has completed a C$25M equity financing.
The Market Herald Video

" LUXXFOLIO Holdings (CSE:LUXX) provides operational update

LUXXFOLIO Holdings’ (LUXX) November updates includes record mining revenues of approximately $1.8 million and monthly rewards of 23.5 Bitcoin.
Victory Square Technologies - CEO, Shafin Diamond Tejani

" Victory Square Technologies (CSE:VST) to issue the second tranche of dividend

Victory Square (VST) will issue the second tranche of its special dividend of common shares of portfolio company Fantasy 360 Technologies in December

" Upco International (CSE:UPCO) announces Q3 2021 interim financial results

Upco International (UPCO) focused on growing its wholesale telecom business in the third quarter, resulting in higher revenue.