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. (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.
LUXXFOLIO Holdings Inc. (CSE:LUXX, OTCQB:LUXFF) announces a live presentation at VirtualInvestorConferences.com on May 20, 2021, at 2:30 PM ET. CEO Dean Linden and COO Kien Tran of WestBlock Capital will engage with investors in real-time. Investors can pre-register for the event and a recording will be available post-event. Recent highlights include the acquisition of 2,400 Bitcoin miners, increasing targeted Bitcoin production to approximately 303 PH's by the end of Q2 2022. For more information, visit www.virtualinvestorconferences.com.