Luxor, MicroBT deepen ties with $100 million mining rig deal and planned investment
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Luxor Technology Corporation, a bitcoin mining-focused infrastructure firm, is expanding its partnership with MicroBT with a $100 million commitment to purchase WhatsMiner rigs.
In a statement released Sunday, Luxor said that it will also expand support for MicroBT WhatsMiner machines through its LuxOS firmware.
As part of the expanded partnership, MicroBT has signed a term sheet to invest in Luxor via its investment manager Inflection Technology Ltd., according to the statement. The company did not disclose the investment size.
With the added firmware support, WhatsMiner rigs will gain capabilities beyond their standard settings, the company said. Among the new features, LuxOS can complete power target transitions within 30 to 60 seconds while continuing to hash. The firmware can also improve ramp-up time across curtailment events, per the statement.
Luxor added that it will roll out LuxOS support for WhatsMiner rigs in phases. Operators running LuxOS will have access to Luxor's broader suite of services, including pool, hashrate derivatives, energy services, and Luxor Commander for fleet management.
"Our clients have been asking for WhatsMiner firmware for years, and we have shipped a product that is going to help deliver significant profitability and usability benefits," Lauren Lin, head of hardware and software of Luxor, said in the statement.
Beyond its core mining business, Luxor — whose firmware runs on more than 300,000 bitcoin mining rigs globally — has also set its sights on AI. In December, Luxor said that it was expanding its hardware business into GPUs, servers, storage, and networking to support bitcoin miners building AI and high-performance computing infrastructure.
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source: https://www.tradingview.com/news/the_block:2940e3240094b:0-luxor-microbt-deepen-ties-with-100-million-mining-rig-deal-and-planned-investment/
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