Luxor, MicroBT deepen ties with $100 million mining rig deal and planned investment
Luxor will buy $100 million in MicroBT WhatsMiner rigs and expand LuxOS firmware support, with MicroBT planning an investment in Luxor.Summary
Luxor Technology Corporation is strengthening its partnership with MicroBT through a $100 million deal to purchase WhatsMiner rigs. Additionally, Luxor will expand its LuxOS firmware support to MicroBT WhatsMiner machines, offering enhanced capabilities such as faster power target transitions and improved ramp-up times during curtailment events. MicroBT, in turn, has signed a term sheet to invest in Luxor via its investment manager Inflection Technology Ltd., though the investment amount was not disclosed. Luxor's LuxOS firmware, already running on over 300,000 mining rigs globally, will provide operators with access to a wider range of services, including pool, hashrate derivatives, energy services, and fleet management tools. This move follows Luxor's recent expansion into GPUs, servers, and networking to support AI and high-performance computing infrastructure for bitcoin miners.
(Source：The Block)