LUXXFOLIO Holdings (LUXX) has announced plans to implement an immersion-cooling system at the company’s New Mexico crypto mining facility.
- LUXXFOLIO Holdings (LUXX) has announced plans to implement an immersion-cooling system at the company’s New Mexico crypto mining facility
- Immersion-cooling is an enhanced process to optimize the performance of miners, increasing hash rate and enhancing reliability
- Dean Linden, CEO of LUXXFOLIO Holdings sat down with Caroline Egan to discuss this important development
- LUXXFOLIO Holdings is a digital asset company operating an industrial-scale cryptocurrency mining facility in the US
- LUXXFOLIO Holdings Inc. (LUXX) opened trading at $0.87 per share
LUXXFOLIO procured the immersion system from one of the leading North American producers of immersion technology. The company plans to install approximately 1,150 miners, scheduled to be delivered in 2022, using the immersion system.
Immersion-cooling is an enhanced process to optimize the performance of miners, compared to standard air-cooling systems. Hardware components, including mining machines, are submerged in a liquid dielectric coolant.
Based on industry data, immersion-cooling provides an estimated 25 per cent increase in hash rate, with some industry estimates predicting the potential for up to 50 per cent increases in performance.
Dean Linden, CEO of LUXXFOLIO Holdings sat down with Caroline Egan to discuss this important development.
LUXXFOLIO Holdings Inc. is a digital asset company. The company operates an industrial-scale cryptocurrency mining facility in the United States running off mostly renewable energy with a focus on the blockchain ecosystem and generation of digital assets.
LUXXFOLIO Holdings Inc. (LUXX) opened trading at $0.87 per share.