Luxxfolio Holdings Inc. Confirms Order for Additional 500 Miners Increasing Future Hash Rate to 360 PH/s
October 21, 2021 at 09:00 am EDT
LUXXFOLIO Holdings Inc. announced it has confirmed an order for 500 Bitmain S19j Pro (100 TH/s) Bitcoin miners (New Miners) for USD 3.02 million. The order will be financed through a combination of balance sheet working capital and an asset backed lending structure with NYDIG, finance partner. Delivery is scheduled for May 2022. This increases confirmed number of miners projected to be operating by the end of July 2022 to 3,590, with a total projected future hash rate of 360 PH/s (16% higher than previous projected hash rate for that date). As of now, company has 1,309 miners operating at a hash rate of 124.4 PH/s.