Blockchain
LUXXFOLIO signs Crypto Climate Accord
LUXXFOLIO Holding Inc. signed the Crypto Climate Accord, a private sector-led initiative aiming to achieve 100% sustainable crypto activity for its members by 2025.
The Crypto Climate Accord’s members include NGOs and representatives of the crypto, energy, and technology sectors committed to environmentally sustainable activity.
LUXXFOLIO’s mining platform is currently being expanded to double its capacity and mining capability. The expansion uses sustainable power provided by the NTUA, which supports the company’s commitment to environmentally sustainable digital asset mining, development, and exchange.
“Cryptocurrency is a transformative technology that will alter the landscape of our future financial system,” said LUXXFOLIO CEO Dean Linden. “At the same time, we have a responsibility to ensure that the future we’re creating is sustainable. That’s why we are proud to be joining the Crypto Climate Accord and be working to establish a cleaner, greener direction for digital assets.”
“We have been long-time believers in the importance of sustainable cryptocurrency operations,” said Ken MacLean, President of the LUXX Mining Division, which operates an industrial-scale cryptocurrency mining operation in New Mexico. “Through our partnership with the Navajo Tribal Utility Authority (“NTUA”), we are able to access some of the most affordable and environmentally friendly energy in the world. We look forward to expanding that partnership as members of the Crypto Climate Accord, and we encourage crypto companies everywhere to consider how they can operate as sustainably as possible.”
Recent Company Highlights
- With the addition of the 2,500 Bitmain S19j Pro bitcoin miners, LUXXFOLIO is now targeting Bitcoin production to be approximately 310 PH/s by Q3 2022 based on current miners on order
- Construction is beginning on the expansion of the mining operation, which will increase power capacity to 15 MW and will provide the Company with the ability to push computing hash rates to more than 400 PH/s based on current technology and miner availability
- The Company recently up-listed in the US to the OTCQB under the symbol LUXFF
Estimated Calendar Miner Delivery Dates
- Q3 2021: 400 Miners
- Q4 2021: 600 Miners
- Q1 2022: 600 Miners
- Q2 2022: 600 Miners
- Q3 2022: 300 Miners
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