- LUXXFOLIO Holdings (LUXX) has received 190 Bitmain S19j Pro (100 TH/s) Bitcoin miners
- More than half of the new miners have been installed, bringing the hash rate to 138 PH/s
- The company has announced several executive appointments
- LUXXFOLIO Holdings is a digital asset company operating an industrial-scale cryptocurrency mining facility in the US
- LUXXFOLIO Holdings Inc. (LUXX) opened trading at $0.39 per share
LUXXFOLIO Holdings (LUXX) has received 190 Bitmain S19j Pro Bitcoin miners.
More than half of the new miners have been installed, bringing the hash rate to 138 PH/s. The remainder will be installed with the ongoing build of phase one of the site expansion.
Executive appointments
LUXXFOLIO has announced the following executive appointments: Kelly Klatik as Executive Chairman, Ken MacLean as President, Kien Tran as Chief Operating Officer, and Anthony Wong as Corporate Secretary.
Dean Linden, Co-founder and founding CEO, will transition from CEO to Chief Communication Strategist.
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 swap agreement on 600 miners and receives early delivery on 300 |
Oct 2021: | LUXXFOLIO accepts early deliver 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 additional 500 Bitmain S19J Pro miners thereby increasing anticipated future hash rate to 360 PH/s |
Nov 2021: | LUXXFOLIO Procures Immersion-Cooling for Crypto Mining Operations with anticipated 25% 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 |
Dec 2021 | LUXXFOLIO finalizes order for additional 500 Bitmain S19J Pro miners thereby increasing anticipated future hash rate to 360 PH/s |
Estimated miner delivery dates
- 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 $0.39 per share.