Luxor Technologies Announces New Crypto Mining Stock Index
Luxor Technologies, Bitcoin mining pool and data analytics firm, now features a mining stock index on their Hashrate Index data platform.Today, Bitcoin mining pool and data analytics firm, Luxor Technologies, announced that they are now featuring a mining stock index on their Hashrate Index data platform. This Crypto Mining Stock Index (ISIN) was described as a basket of over 50 mining or mining-adjacent equities, per a release sent to Bitcoin Magazine.In the ISIN, each equity is weighted based on stock volatility, company performance and potential for capital appreciation. Luxor stated....
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Luxor Technologies, a North American firm that offers a range of bitcoin mining services, raised $750,000 in pre-seed fundraising. The post Bitcoin Mining Group Luxor Technologies Announces Pre-Seed Fundraising appeared first on Bitcoin Magazine.
On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.”
NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service
The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company’s new ASIC trading desk service. The press release published on Luxor’s web....
Bitcoin mining company Luxor Technology has raised $5 million in a round led by NYDIG, which will also partner with Luxor on mining projects.
Bitcoin mining company, Luxor, has launched indices that track hash rate price and cost of ASIC miners in order to analyze the various costs related to mining.
Better luck next time? Luxor’s OTC Bitcoin mining derivatives could offer miners “a much needed tool to hedge their mining operations.” Hedging against downside has always been a challenge for Bitcoin BTC miners, and the current bear market is a perfect example of how energy prices and crypto market volatility can negatively impact miners’ profit margins and their ability to stay solvent. Oftentimes, institutional and retail traders use BTC-, stablecoin- and U.S. dollar-settled derivatives (options and futures contracts) to create hedging strategies that mitigate downside in Bitcoin price,....