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 buyers 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 by way of the corporate’s new ASIC buying and selling desk service. The press launch printed 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 not too long ago 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 gear 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 ascertain a mining rig buying and selling desk follows Foundry’s mining machine market announcement final December. The market is 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 middle 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 improvement defined. Brammer added:

Whether it’s an institutional miner changing a fleet of new-generation machines or retail shopping for one rig, we’re capable of maximize our purchasers’ capital effectivity and decrease their threat. Our purpose is to simplify the procurement course of so our miners can spend extra time constructing hashrate and fewer time worrying about tips on how 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 consider the Luxor ASIC buying and selling desk? Let us know what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech journalist residing in Florida. Redman has been an energetic 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 News in regards to the disruptive protocols rising at this time.

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Disclaimer: This article is for informational functions solely. It is just not a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any harm or loss brought on or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.

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