- LUXXFOLIO Holdings (LUXX) has finalized an order for 500 Bitmain S19j Pro (100 TH/s) Bitcoin miners for US$3.02 million
- The delivery, scheduled for May 2022, will increase the total projected hash rate to 360 PH/s by calendar Q3 of 2022
- LUXXFOLIO Holdings is a digital asset company operating an industrial-scale cryptocurrency mining facility in the US
- LUXXFOLIO Holdings Inc. (LUXX) opened trading at $0.40 per share
LUXXFOLIO Holdings (LUXX) has finalized an order for 500 Bitmain S19j Pro (100 TH/s) Bitcoin miners for US$3.02 million ($60/TH).
The delivery is scheduled for May 2022, which is anticipated to increase the company’s mining rate by approximately 20 per cent. This will bring the total projected hash rate to 360 PH/s by calendar Q3 of 2022, excluding any impact of the immersion cooling system to be installed in calendar Q1 of 2022.
Ken MacLean, President of LUXX Mining Division commented,
“We will have the option to install these 500 miners into our immersion cooling system on arrival. Based on the specs of the immersion, the projected hash rate on this order could increase from 50 PH/s to a range of 62 to 75 PH/s.”
Recent company highlights
| Date | Milestones |
| May 2021: | LUXXFOLIO orders 2400 Bitmain S19J Pro miners |
| Jun 2021: | LUXXFOLIO completes acquisition of industrial-scale crypto mining operation |
| Jul 2021: | LUXXFOLIO receives and installs 590 Avalon miners |
| Aug 2021: | LUXXFOLIO announces expansion to increase capacity from 8MW to 15 MW |
| Aug 2021: | LUXXFOLIO reinvests price rebate and installs an additional 100 Bitmain S19J Pro miners |
| Sep 2021: | LUXXFOLIO enters into an agreement to acquire Ethereum mining operation |
| Sep 2021: | LUXXFOLIO enters into a swap agreement on 600 miners and receives early delivery on 300 |
| Sep 2021: | LUXXFOLIO DTC application approved |
| Oct. 2021: | LUXXFOLIO accepts early delivery of an additional 75 Miners (total of 675 early deliveries) resulting in a Hash Rate increase of 144% since Sept. 1, 2021 |
| Oct. 2021: | LUXXFOLIO confirms order for an additional 500 Bitmain S19J Pro miners thereby increasing anticipated future hash rate to 360 PH/s |
| Nov 2021: | LUXXFOLIO obtains immersion-cooling for crypto mining operations with an anticipated 25 per cent increase in hash rate |
| Nov 2021: | LUXXFOLIO accepts early delivery of an additional 100 Miners (total of 735 early deliveries) resulting in a Hash Rate increase of 162% since Sept. 1, 2021 |
| Nov 2021: | LUXXFOLIO closes acquisition of Ethereum mining operation |
| Dec 2021: | LUXXFOLIO closes ~$10 Million Institutional led Bought Deal Financing led by investment banking firm PI Financial |
Estimated miner delivery dates
- Q4 2021: 190 Miners
- Q1 2022: 600 Miners
- Q2 2022: 1100 Miners
- Q3 2022: 300 Miners
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 $0.40 per share.
