{"id":1086,"date":"2022-01-13T13:09:35","date_gmt":"2022-01-13T13:09:35","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=1086"},"modified":"2022-01-13T13:09:36","modified_gmt":"2022-01-13T13:09:36","slug":"bitcoin-mining-firm-luxor-launches-asic-trading-desk","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1086","title":{"rendered":"Bitcoin Mining Firm Luxor Launches ASIC Trading Desk"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>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\u2019s new trading desk will give miners and investors access to bitcoin ASIC mining rigs \u201cat a fair market price.\u201d <\/strong><\/p>\n<h2>NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service<\/h2>\n<p>The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company\u2019s new ASIC trading desk service. The press release published on Luxor\u2019s web portal explains that the company \u201cwill purchase and sell specialized Bitcoin mining hardware on behalf of the Luxor team, miners and investors.\u201d Luxor recently raised $5 million in a Series A led by the firm NYDIG in June 2021.<\/p>\n<p>Furthermore, the Luxor mining pool is the 12th largest mining pool at the time of writing on Wednesday, with 0.46 % of the global hashrate or 801.30 petahash per second (PH\/s). Luxor\u2019s ASIC trading desk announcement details that the company is confident in its equipment procuring process.<\/p>\n<p>\u201cAfter moving tens of thousands of machines and serving miners across a few continents, we established a streamlined process for procuring equipment. Our multinational team has a deep network of ASIC manufacturers, re-sellers, miners, and investors,\u201d Lauren Lin, Luxor\u2019s operations manager remarked during the announcement.<\/p>\n<p>The move to establish a mining rig trading desk follows Foundry\u2019s mining machine marketplace announcement last December. The market is called Foundryx and the firm\u2019s announcement claimed at the time that it had 40,000 mining machines ready for resale. During the first week of June 2021, Canaan revealed the company has established an overseas after-sales center in Kazakhstan.<\/p>\n<p>Luxor says the firm will take \u201cprincipal positions in ASICs to help miners gain access to rigs at fair market prices. \u201cOur ASIC Trading Desk is an important step on our roadmap to becoming a full-scope mining services firm,\u201d Alex Brammer Luxor\u2019s VP of business development explained. Brammer added:<\/p>\n<p>Whether it\u2019s an institutional miner replacing a fleet of new-generation machines or retail buying one rig, we are able to maximize our clients\u2019 capital efficiency and minimize their risk. Our goal is to simplify the procurement process so our miners can spend more time building hashrate and less time worrying about how to find it.<\/p>\n<p>Tags in this story<\/p>\n<p>Alex Brammer, ASIC Manufacturers, ASIC trading desk, ASICs, Bitcoin mining, BTC Mining, Canaan, crypto mining, Foundryx, Investors, Kazakhstan, Lauren Lin, Luxor, Miners, Mining Firm Luxor, mining operation, Mining Operations, nydig, re-sellers<\/p>\n<p><em><strong>What do you think about the Luxor ASIC trading desk? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoin-mining-firm-luxor-launches-asic-trading-desk\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s new trading desk will give miners and investors access to bitcoin ASIC mining rigs \u201cat a fair market price.\u201d NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-1086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1086"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1086\/revisions"}],"predecessor-version":[{"id":1088,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1086\/revisions\/1088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1087"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}