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LUXXFOLIO Holdings Inc. operates as a Litecoin treasury and infrastructure company with public listings on the CSE, OTCQB and Frankfurt exchange. Company news centers on its Litecoin-focused strategy, including Scrypt-based mining operations, treasury accumulation, hosting arrangements for mining equipment and infrastructure development tied to the Litecoin network.
Recurring updates also cover Canadian securities filings, prospectus activity, private placements, stock option grants and governance changes such as board and advisory appointments. The company's disclosures emphasize capital formation, digital-asset infrastructure and the operating steps used to support its Litecoin mining and treasury programs.
LUXXFOLIO Holdings Inc. has increased its hash rate to 138 PH/s after receiving 190 additional Bitmain S19J Pro miners, with more installations planned. The company has appointed new executives: Kelly Klatik as Executive Chairman, Ken MacLean as President, Kien Tran as COO, and Anthony Wong as Corporate Secretary. Additionally, 2.078 million stock options were granted to directors and employees, exercisable at 45 cents per share. The company focuses on expanding its operational capacity and provides exposure to digital assets in capital markets.
LUXXFOLIO Holdings Inc. (OTCQB: LUXFF) reported a 31% increase in Bitcoin equivalent reserves, totaling approximately 71.5 BTC and 60 ETH. In December, the company achieved a steady mining rate of ~131 PH/s, earning 20.5 BTC, generating revenues of about USD $1.01M. The gross mining margin stood at 81%, approximately USD $0.817M. LUXXFOLIO has scheduled the delivery of 2,190 additional miners, expected to boost hash rate capacity by 174% by Q3 2022. The operational update highlights a significant focus on scaling their crypto mining operations in the U.S., primarily powered by renewable energy.
LUXXFOLIO Holdings Inc. reports a 30% increase in Bitcoin equivalent reserves, now totaling approximately 54.5 BTC and 52 ETH. Their Bitcoin mine site has achieved an operational hash rate of ~131 PH/s, representing a 6.5% month-over-month increase. November 2021 saw monthly mining rewards of 23.5 BTC, generating around CAD$1,788,000 in revenue, up from CAD$1,600,000 in October. Projected Q1 2022 fiscal revenue is expected to reach CAD$4.23 million. The company emphasizes effective management strategies to enhance revenue and asset growth.
LUXXFOLIO Holdings Inc. (CSE: LUXX, OTCQB: LUXFF) announced on November 25, 2021, a finalized order for an immersion-cooling system through its subsidiary, Westblock Capital Inc. The purchase will partially be paid with cash and through the issuance of 612,000 common shares at $0.83 each. The financing will be supported by a senior secured loan facility from Cypress Hills Partners, capped at $3M, with a potential increase to $5M. This facility will allow LUXX Mining Division to expand its bitcoin mining capabilities in 2022.
LUXXFOLIO Holdings Inc. announced plans to enhance its New Mexico crypto mining facility with an immersion-cooling system. This upgrade is expected to yield a 25% increase in hash rate, potentially reaching up to 50%. The company will install around 1,150 miners in 2022, sourced from a leading North American producer. The immersion system promises reduced maintenance and improved automation while benefiting from low energy costs through its partnership with the Navajo Tribal Utility Authority. These advancements position LUXXFOLIO to become a highly efficient crypto mining operator.
LUXXFOLIO Holdings Inc. has reported significant operational advancements as of October 2021. The company operates 1,300 miners, achieving a hash rate of approximately 123 PH/s, a substantial increase from 95 PH/s in September. Monthly Bitcoin rewards reached 22.5 BTC, generating CAD$1,625,000 in revenue, up from CAD$800,000 in the previous month. Additionally, Bitcoin reserves rose by 24% to around 42 BTC. LUXXFOLIO will participate in the World Digital Mining Summit in Dubai on November 9-10, 2021, to engage with digital asset community leaders.
LUXXFOLIO Holdings Inc. (CSE: LUXX) (OTCQB: LUXFF) has confirmed an order for 500 Bitmain S19j Pro Bitcoin miners at a cost of USD$3.02 million. This order, financed through working capital and asset-backed loans with NYDIG, will boost the miner count to 3,590, enhancing the total hash rate to 360 PH/s by July 2022. The new miners are priced below current market rates, which the CEO states will positively affect future profit margins as growth accelerates.
LUXXFOLIO Holdings Inc. (LUXFF) announced the delivery of 75 additional Bitmain S19J Pro Miners, increasing total miners to 1,296 and hash rate to 122 PH/s, marking a 144% rise since early September. The company expects to earn approximately 22-24 Bitcoin monthly from mining operations. Additionally, 2,172,840 out of 2,500,000 warrants were exercised, generating $869,136 in cash. This provides flexibility for further investments in mining resources. Future miner deliveries are scheduled for Q4 2021 through Q3 2022.
LUXXFOLIO Holdings Inc. (CSE: LUXX, OTCQB: LUXFF) has received DTC eligibility approval from the DTCC in the USA, enhancing investor access and liquidity through electronic trading networks. The company also listed on Börse Berlin under the symbol 'LUH' and is available on TradeGate Exchange in Germany. CEO Dean Linden emphasized that this regulatory step opens global trading avenues for investors, aligning with their strategy to facilitate access to cryptocurrency investments. Recent milestones include securing additional mining operations and expanding capacity.
LUXXFOLIO Holdings (CSE:LUXX, OTCQB:LUXFF) announced the acquisition of Ethereum mining and hosting assets from Blackcloud Crypto Investments. The deal includes 136 Ethereum mining machines, 25 Ethereum coins, and all related agreements. This acquisition is expected to produce approximately 17.5 Ethereum monthly and adds 6 Peta Hash per second to their operations. LUXXFOLIO aims to reach a production capacity of over 151 Peta Hash per second by year-end, with a target of 310 Peta Hash per second by July next year. The company will issue 711,300 shares to fund the acquisition.