Achieves 103% Month over Month Increase in Mining Revenues VANCOUVER, BC, Nov. 1, 2021 /PRNewswire/ - LUXXFOLIO Holdings Inc. (the "Company" or "LUXXFOLIO") (CSE: LUXX) (OTCQB: LUXFF) (Frankfurt/Berlin: LUH) announces the following operational update:
Mining Overview (as at or for the month of October 2021):
- Mine site operating 1,300 miners at ~123 PH/s (Sept. 30, 2021 = 1,025 miners at 95 PH/s);
- An additional 275 miners installed during the month;
- Total monthly rewards of 22.5 Bitcoin for approximate revenues of CAD$1,625,000 (Sept. 2021 = CAD$800,000);
- Bitcoin reserve at end of month of ~42 Bitcoin (Sept. 30, 2021 = 34).
"The acceleration of miner deliveries and our strong operational team in New Mexico has significantly expanded our recent hash rate performance," said Kien Tran, COO of the LUXX Mining Division. "We are fortunate to be operating in the heart of the Navajo Nation, who provide a dedicated and skilled workforce required for a successful Bitcoin mining operation".