Post by
Splendid1000 on Feb 11, 2022 10:46am
LUXX is much better than BIGG
LUXXFOLIO Continues Mining Growth and Increases BTC Reserves by 16% Bitcoin Mine site operating at ~139 PH/s 6% Increase MoM (Dec. 31, 2021: 131 PH/s); Total monthly Bitcoin mined of 22.01 (Dec 2021 = 20.45 Bitcoin); Bitcoin equivalent reserves at end of month of ~82.6 (78 BTC and 64 ETH) (Dec. 31, 2021= 71.5); Expansion of the New Mexico mining operation continues as scheduled. Groundwork has been completed and all electrical equipment has been delivered to the site. Electrical connections are being finalized with the first phase expansion scheduled to be completed over the next month, coinciding with the next batch of miner deliveries. Final completion of expansion is scheduled for calendar Q2 of this year, which will increase capacity from approximately 8MW to 15MW. The company has opened a second mining operation in Canada where it is mining Filecoin as part of its diversification strategy. Ken MacLean, President of LUXX commented "Our mining site expansion is nearing completion including the addition of 2100 miners by mid-2022. With immersion technology, we anticipate this will increase our capacity to 370-395 PH/s. In addition, we are beginning to see miner purchasing opportunities as supply chain improvements continue and inventory levels begin to rise."