Luxor Launches New Business for Buying and Selling Bitcoin Mining Machines

Luxor Technology, the bitcoin and crypto work provider, is starting a caller brokerage concern for buying and selling high-performance bitcoin mining machines.

The Luxor “ASIC Trading Desk” volition acquisition and merchantability specialized mining computers connected behalf of the Luxor team, miners and investors. “After moving tens of thousands of machines and serving miners crossed a fewer continents, we established a streamlined process for procuring equipment,” Luxor operations manager Lauren Lin said successful a connection connected Tuesday. The merchandise volition service some organization and retail customers.

The prices of the mining computers connected superior and secondary markets are volatile and disagree based connected macroeconomic conditions, regions and marketplace cycles, the institution said. “The Luxor ASIC Trading Desk volition commercialized successful these markets, taking main positions successful ASICs to assistance miners summation entree to rigs astatine just marketplace prices,” the institution added.

Luxor said that the caller concern enactment is the archetypal to commencement a trading table dedicated lone to these high-performance mining computers. “Our extremity is to simplify the procurement process truthful our miners tin walk much clip gathering hashrate and little clip worrying astir however to find it,” Luxor VP of Business Development Alex Brammer said

In November, Compass Mining, a bitcoin mining work provider, besides said that it launched a resale marketplace for retail miners to merchantability mining hardware. The company’s CEO, Whit Gibbs, said that hundreds of millions of dollars successful miners are being sold connected the secondary marketplace each month, indicating precocious demand.