Bitcoin Mining company Luxor introduces ASIC Trading Desk-Mining Bitcoin messages

Bitcoin Mining company Luxor introduces ASIC Trading Desk-Mining Bitcoin messages

On January 11, 2022, the Bitcoin mining company Luxor based in Washington announced the introduction of a new application-specific integrated circuit (ASIC). According to the company, the new Trading Desk of Luxor Minern and investors will give access to Bitcoin-Asic-Mining-Rigs "at a fair market price".

nydig-supported mining operation luxor unveils asic trading desk service

The Bitcoin mining company Luxor intends to buy and sell Bitcoin mining machines via the company's new ASIC trading desk service. The press release explains the company published on the luxor web portal that the company "on behalf of the Luxor team and the investor Bitcoin mining hardware will buy and sell ". Luxor recently collected 5 million US dollars in a series A led by Nydig in June 2021.

In addition, the Luxor Mining pool at the time of writing is the twelfth largest mining pool with 0.46 % of the global hashrates or 801.30 petahash per second (ph/s). The announcement of Luxor's ASIC trading desk shows that the company is convinced of its procurement process for equipment.

"After moving tens of thousands of machines and serving miners on some continents, we have established an optimized process for the procurement of equipment. Our multinational team has a deep network of ASIC manufacturers, resellers, miners and investors," said Lauren Lin, operations manager of Luxor, during the announcement.

The step to set up a trade desk for mining drill islands follows the market for mining machines from Foundry Announcement last December. The market is called Foundryx and the company's announcement at the time claimed that it had 40,000 mining machines ready for resale. In the first week of June 2021, Kanaan uncovered The company has built an after-sales center for overseas in Kazakhstan.

Luxor says that the company will “take main positions in Asics to help miners to gain access to boring islands at fair market prices." Our ASIC Trading Desk is an important step on our roadmap to become a comprehensive mining service company, "said Alex Brammer Luxors VP of Business Development. Brammer added:

No matter whether it is an institutional miner who replaces a fleet of new generation machines or who buys a drilling device in retail, we are able to maximize our customers' capital efficiency and minimize their risk. Our goal is to simplify the procurement process so that our miners can spend more time to create Hashrates and worry less about how they find them.

What do you think of the Luxor Asic Trading Desk? Let us know your opinion on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Finanztech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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