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LUXXFOLIO Begins Active Bitcoin Mining Operation



LUXXFOLIO Begins Active Bitcoin Mining Operation

Vertically integrated bitcoin mining company LUXXFOLIO Holdings has announced that 80% of the first batch of miners the company received earlier this month are already up and mining.

The new bitcoin mining machines, which were received on July 19, 2021, are currently running at around 41 petahashes per second (PH/s). The firm said it expects the remaining rigs to be installed in the coming days.

LUXXFOLIO also announced that it received confirmation of a price reduction on a batch of bitcoin mining rigs scheduled for delivery in Q4 2021. The set consists of 600 Bitmain S19j Pro rigs and is part of a more significant purchase of 2,400 units ordered in May. The company said the price reduction totals $705,000, representing a 28% decrease in the total acquisition cost.

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