- Monthly revenues of C$1,625,000 as compared to C$800,000 in September
- Bitcoin reserve at end of month of ~42 Bitcoin as compared to 34 in September
- Dean Linden, Luxxfolio CEO sat down with Caroline Egan to discuss the update
- LUXXFOLIO executives will attend the World Digital Mining Summit in Dubai, hosted by Bitmain, from November 9 – 10, 2021
- LUXXFOLIO Holdings is a digital asset company operating an industrial-scale cryptocurrency mining facility in the US
LUXXFOLIO Holdings’ (LUXX) update includes a 103 per cent month-over-month increase in mining revenues and a 24 per cent increase in Bitcoin reserves.
Dean Linden, Luxxfolio CEO sat down with Caroline Egan to highlight the updates.
- Mine site operating 1,300 miners at ~123 PH/s
- An additional 275 miners installed during the month
- Total monthly rewards of 22.5 Bitcoin for approximate revenues of C$1,625,000
- Bitcoin reserve at end of month of ~42 Bitcoin
LUXXFOLIO executives will attend the World Digital Mining Summit in Dubai, hosted by Bitmain, from November 9 – 10, 2021. “We look forward to engaging with other leaders in the digital asset community and staying current with the latest developments in the community,” said LUXX Mining Division President Ken MacLean.
Recent company highlights
| Date | Milestones |
| Dec 2020: | LUXXFOLIO orders 590 Avalon miners |
| May 2021: | LUXXFOLIO orders 2400 Bitmain S19J Pro miners |
| Jun 2021: | LUXXFOLIO completes acquisition of industrial-scale crypto mining operation |
| Jul 2021: | LUXXFOLIO receives and installs 590 Avalon miners |
| Aug 2021: | LUXXFOLIO announces expansion to increase capacity from 8MW to 15 MW |
| Aug 2021: | LUXXFOLIO reinvests price rebate and installs an additional 100 Bitmain S19J Pro miners |
| Sep 2021: | LUXXFOLIO enters into an agreement to acquire Ethereum mining operation |
| Sep 2021: | LUXXFOLIO enters into swap agreement on 600 miners and receives early delivery on 300 |
| Sep 2021: | LUXXFOLIO DTC application approved |
| Oct. 2021: | LUXXFOLIO accepts early delivery of an additional 75 Miners (a total of 675 early deliveries) resulting in a Hash Rate increase of 144% since Sept. 1, 2021 |
| Oct. 2021 | LUXXFOLIO confirms order for additional 500 Bitmain S19J Pro miners thereby increasing anticipated future hash rate to 360 PH/s |
Estimated miner delivery dates
- Q4 2021: 225 Miners
- Q1 2022: 600 Miners
- Q2 2022: 1100 Miners
- Q3 2022: 300 Miners
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 $0.91 per share.