Bitcoin Miner Luxor Launches ASIC Trading Desk

On January 11, 2022, Washington-based bitcoin mining company Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to Bitcoin ASIC miners “at fair market prices.”

NYDIG-backed mining business Luxor launches ASIC trading desk service

Bitcoin mining company Luxor aims to buy and sell Bitcoin mining rigs through the company’s new ASIC trading desk service.This Press release An explanation posted on the Luxor Portal states that the company “will purchase and sell specialized Bitcoin mining hardware on behalf of the Luxor team, miners and investors.” Luxor was most recently led by the NYDIG Corporation in June 2021. raised $5 million in Series A funding.

Additionally, at the time of writing on Wednesday, the Luxor Pool is the 12th largest mining pool, accounting for 0.46% of the global hashrate or 801.30 petahash per second (PH/s). Luxor’s ASIC trading desk announcement details the company’s confidence in its equipment procurement process.

“After shipping tens of thousands of machines to several continents and serving miners, we have built a streamlined equipment procurement process. Our multinational team has a network of ASIC manufacturers, resellers, miners and investors A deep network,” Lauren Lin, operations manager at Luxor, said in the announcement.

The move to build a mining rig trading desk follows Foundry’s mining rig marketplace announcement last December. The marketplace was called Foundryx, and the company’s statement at the time claimed it had 40,000 miners ready for resale.In the first week of June 2021, Canaan disclose The company has set up an overseas after-sales center in Kazakhstan.

Luxor said the company will “hold key positions in ASICs to help miners access rigs at fair market prices. Our ASIC trading desk is an important step in our roadmap to becoming a full-service mining services company,” Alex Brammer of Luxor The VP of Business Development explained. Brammer added:

Whether it’s an institutional miner replacing a batch of next-generation machines or a retail purchase of a rig, we are able to maximize capital efficiency and minimize risk for our clients. Our goal is to simplify the procurement process so our miners can spend more time building hash power and less worrying about how to find it.

tags in this story

Alex Brammer, ASIC manufacturer, ASIC Trading Desk, ASIC, bitcoin mining, bitcoin mining, Canaan, crypto mining, Foundryx, investor, Kazakhstan, Lauren Lim, Luxor, miner, mining company luxor, mining operations, mining operations, if only, reseller

What do you think of the Luxor ASIC trading platform? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News for News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles for News on the disruptive protocols emerging today.

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