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January 17, 2022
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Bitcoin Mining Firm Luxor Launches ASIC Trading Desk – Mining Bitcoin News

On January 11, 2022, the Washington-based bitcoin mining operation Luxor introduced the launch of a brand new application-specific built-in circuit (ASIC) buying and selling desk. According to the corporate, Luxor’s new buying and selling desk will give miners and traders entry to bitcoin ASIC mining rigs “at a fair market price.”

NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service

The bitcoin mining agency Luxor goals to buy and promote bitcoin mining machines through the corporate’s new ASIC buying and selling desk service. The press release revealed on Luxor’s internet portal explains that the corporate “will purchase and sell specialized Bitcoin mining hardware on behalf of the Luxor team, miners and investors.” Luxor just lately raised $5 million in a Series A led by the agency NYDIG in June 2021.

Furthermore, the Luxor mining pool is the twelfth largest mining pool on the time of writing on Wednesday, with 0.46 % of the worldwide hashrate or 801.30 petahash per second (PH/s). Luxor’s ASIC buying and selling desk announcement particulars that the corporate is assured in its tools procuring course of.

“After moving tens of thousands of machines and serving miners across a few continents, we established a streamlined process for procuring equipment. Our multinational team has a deep network of ASIC manufacturers, re-sellers, miners, and investors,” Lauren Lin, Luxor’s operations supervisor remarked throughout the announcement.

The transfer to determine a mining rig buying and selling desk follows Foundry’s mining machine market announcement final December. The market known as Foundryx and the agency’s announcement claimed on the time that it had 40,000 mining machines prepared for resale. During the primary week of June 2021, Canaan revealed the corporate has established an abroad after-sales heart in Kazakhstan.

Luxor says the agency will take “principal positions in ASICs to help miners gain access to rigs at fair market prices. “Our ASIC Trading Desk is an important step on our roadmap to becoming a full-scope mining services firm,” Alex Brammer Luxor’s VP of enterprise growth defined. Brammer added:

Whether it’s an institutional miner changing a fleet of new-generation machines or retail shopping for one rig, we’re in a position to maximize our purchasers’ capital effectivity and reduce their danger. Our objective is to simplify the procurement course of so our miners can spend extra time constructing hashrate and fewer time worrying about the best way to discover it.

Tags on this story
Alex Brammer, ASIC Manufacturers, ASIC buying and selling desk, ASICs, Bitcoin mining, BTC Mining, Canaan, crypto mining, Foundryx, Investors, Kazakhstan, Lauren Lin, Luxor, Miners, Mining Firm Luxor, mining operation, Mining Operations, nydig, re-sellers

What do you concentrate on the Luxor ASIC buying and selling desk? Let us know what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News concerning the disruptive protocols rising at present.




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