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Luxor Signs $100 Million Mining Equipment Procurement Agreement with MicroBT and Invests in Each Other
On April 27, The Block reported that Bitcoin mining infrastructure company Luxor Technology announced a deepened collaboration with MicroBT, committing to a $100 million procurement of WhatsMiner mining machines. As part of the agreement, MicroBT signed a letter of intent to invest in Luxor through its investment management firm Inflection Technology Ltd., with the specific amount undisclosed. Additionally, Luxor will support WhatsMiner mining machines through its LuxOS firmware, introducing new features such as power switching within 30 to 60 seconds and improved startup speed during power limitation events, which will be rolled out in phases. Operators of mining machines running LuxOS will have access to a complete service system, including Luxor mining pools, hash rate derivatives, energy services, and fleet management tools.